Industry Outlook and Trend Analysis
The Cyber Warfare Market was worth USD 7.56 billion in 2014 and is expected to reach approximately USD 13.22 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.41% during the forecast period. In the recent past, government and international association have are centred on cybersecurity attributable to expanded security challenges posed within or by the internet. This has raised many concerns to the national security therefore highlighting the requirement for strong digital security. In this manner, military, government, and different organizations are occupied with ensuring its digital infrastructure and devices associated with web planned to deflect digital assaults. Increment in defence spending for enhancing government's adequacy, productivity and cybersecurity capacity is foreseen to be the key factor driving the execution of cyber warfare system over all the geographic areas.
Application Outlook and Trend Analysis
The defence application portion is assessed to hold its dominance, represented USD 5.96 billion in 2016, enlisting a CAGR of 18.8% over the conjecture time frame. Rising dependence on the communication & information technology in the military and has driven presentation to digital dangers. The defence sector is distributing expanded financing to digital security units to moderate and discourage the potential risk from a country and state programmer. The rise of new innovations and Internet of Thing (IoT) in the resistance is foreseen to be the driving component for the use of digital fighting framework in the defence segment.
Regional Outlook and Trend Analysis
The North America locale is evaluated to hold a critical offer in 2016 and is anticipated to proceed with its predominance throughout the estimate time frame. Expanding cyber defence budget, government initiatives to secure its computerized framework, and spotlight on reinforcing cybersecurity approaches are the key driving element affecting the territorial demand. Besides, the foundation of cybersecurity units and deploying powerful cybersecurity system inside government organizations, military and guard part are further driving business sector development.
The leading players in the market are BAE Systems, Leonardo S.p.A, Lockheed Martin, IBM, Booz Allen Hamilton, DXC Technology, Intel Technology India Pvt Ltd, Airbus and General Dynamics. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Cyber Warfare Market is segmented as follows-
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?