Gone are the days where battles are fought in person-to-person conflicts. In the coming years, most wars will be waged via computers, servers, and digital weapons. Amsterdam based Market Forecast has announced the release of their latest report titled - “Global Military Cyber Weapons - Market and Technology Forecast to 2027”. It encloses an in-depth research of the Military Cyber Weapon market and the competitive landscape globally. A first of its kind report highlights how cyber weapons like zero-day exploits, malware and DDoS will be used by the military around the world. Countries like Russia and China appear well-equipped for this new way of war. The United States, while not totally outmatched, certainly has room for growth.
The Military Cyber Weapon industry is emerging as one of the most lucrative market globally. The Global Military Cyber Weapon industry, is valued at US$ 11 billion in 2019, is projected grow at a CAGR of 5.4% until 2027. Demand for military cyber weapons is anticipated to be driven by the massive investment made by countries like US, China and the European Union in the development of next generation cyber weapon technologies and the large-scale procurement of such systems by countries like Saudi Arabia, India, Qatar and China. The United States is the largest spender in the domain with China, European Union, Middle East anticipated accounting for the bulk of spending.
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