The global cyber weapons market revenue is expected to expand at a significant CAGR over the forecast period. Cyber weapons are used for protection or penetration of cyber data. It is used by state or non-state players. Major factor driving growth of the global cyber weapon market is growing concerns regarding security in government and commercial organisations. However, occurrence of cyber wars may hamper growth of the target market in the near future.
The global cyber weapons market report has been segmented on the basis of product type, application, and region. On the basis of product type, the market is segmented into defensive and offensive. Defensive and offensive cyber weapons are used in cyber warfare. On the basis of application, the market is segmented into government agencies, defense, finance sector, communication networks, public utilities, and private sector.
Defense segment is expected to dominate the global market in terms of revenue in the near future. Private sector segment is expected to witness high growth over the forecast period, owing to increasing incidents of data breach and theft.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to dominate the global market in terms of revenue over the forecast period, owing to presence of high adoption of new technology among consumers in this region. The market in Asia Pacific is expected to witness fastest growth in terms of revenue in the near future. Increasing military budget in developing countries such as China, India is a key factor expected fuel growth of the global market. The market in Europe is expected to witness lucrative growth over the forecast period. Military budget cuts in developed nations due to economic crisis may affect growth of the global cyber weapons market.
Key players operating in the global cyber weapons market include BAE Systems plc, EADS Group, Inc., General Dynamics Corp, Mandiant Corporation, Symantec Corporation, Northrop Grumman Corporation, AVG Technologies N.V., Avast Software, Inc., The Boeing Company, and Kaspersky Lab, Inc.