Cyber Weapon Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021

According to a new market report published by Transparency Market Research “Cyber Weapon Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021,” global cyber weapon market was valued at USD 390.00 billion in 2014, growing at a CAGR of 4.4% from 2015 to 2021 to account for USD 521.87 billion in 2021.

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A cyber weapon is an information technology (IT)-based system consisting of hardware, software, and communication medium that is designed to damage operations or structures of other information technology-based system. Cyber weapons are also described as malicious programs or codes used by military defense and other spy organizations to violate confidentiality of target systems. Hackers and programmers use zero-day exploits or vulnerabilities in software and weaponize them to develop cyber weapons. These weapons are used against enemy targets when required. Cyber weapons are primarily developed to deal with cyber espionage, data theft, and sabotage of enemy systems. Offensive cyber weapons are also capable of bypassing cybersecurity of target systems by launching sophisticated attacks.

Any system connected to the Internet is vulnerable to a cyber-attack. Rising security concern about critical infrastructures, which primarily includes national defense systems, communication networks, and industrial control systems, is mainly driving growth of the cyber weapon market. Furthermore, emergence of cyber as the new domain for warfare after land, air, space, and sea is boosting development of cyber weapons and advanced cyber warfare techniques. However, rising government regulations regarding the usage of cyber weapons in controlled environment is restraining growth of this market.

The cyber weapon market is expected to expand during the forecast period due to rising threats of cyber-attacks, which in turn is leading to...