PUBLISHER: Allied Market Research | PRODUCT CODE: 1396939
PUBLISHER: Allied Market Research | PRODUCT CODE: 1396939
The Cyber warfare Market was valued for $37,513.42 million in 2022 and is estimated to reach $127,052.97 million by 2032, exhibiting a CAGR of 13.3% from 2023 to 2032. The market for cyber warfare is a rapidly expanding market that includes a number of goods, services, and technological advancements associated with the application of digital strategy in conflict. It involves the deployment of cyber capabilities to interfere with, harm, or destroy an adversary's computer systems, networks, or information infrastructure of an adversary to gain a strategic advantage or accomplish particular military goals. This market consists of a number of different facets, including cyber threat intelligence, offensive and defensive cyber capabilities, cyber intelligence, cyber weapons, and cyber training and simulation. The development and implementation of advanced tools and methods to launch cyberattacks on systems of opponents are instances of offensive cyber capabilities. However, defensive cyber capabilities concentrate on shielding vital networks and infrastructure from online dangers. Moreover, the market includes the establishment and utilization of cyber weapons, which are created with the purpose of finding and exploiting loopholes in computer systems and networks. Critical infrastructures, such as power grids, financial systems, or communication networks, are expected to be affected by or rendered inoperable by these weapons. Furthermore, the market for cyber warfare is fuelled by many factors, such as the rise in the frequency and sophistication of cyberattacks, the dependence on digital infrastructure, and the demand for efficient defense and response measures to safeguard vital assets and national security. Governments, military organizations, and private sector businesses have spent more on cyber warfare capabilities to maintain a position ahead of anticipated adversaries and defend their interests.
Surge in rise in advance cyberattacks and increased dependence on technology are the major factors that is striking the market growth during the forecast period. However, shortage of shared real-time information on rapidly evolving threats and insufficiently trained workforce to address new threats are primarily restraining the market growth. Moreover, increase in reliance on connected systems and technology is expected to create a lucrative opportunity for the market growth during the forecast period.
Segment review
The cyber warfare market is segmented on the basis of component, end user and region. On the basis of component, it is categorized into hardware, software and services. On the basis of end user, it is fragmented into government, corporate and private, aerospace and defense, BFSI, healthcare and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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