The global cyber warfare market reached a value of US$ 43.61 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 112.09 Billion by 2027, exhibiting a CAGR of 15.80% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Cyber warfare refers to actions undertaken by an organization to target and attack computer network systems of other organization.. Its objective is to disrupt, damage, or destroy military resources and financial, public and safety infrastructure. It comprises espionage, sabotage, electrical power grid, propaganda, economic disruption, and surprise cyberattack. At present, it finds extensive applications in aerospace, corporate, government, power and utilities, defense, and banking, financial services, and insurance sectors across the globe.

Cyber Warfare Market Trends:
The growing usage of cyber warfare among international organizations to protect their digital infrastructure and devices connected to the internet represents one of the key factors driving the market. Moreover, governments of several countries are extensively investing in improving their effectiveness, efficiency, and cybersecurity capabilities. This, along with the increasing potential of cyber weapons to disrupt national security, is propelling the growth of the market. In addition, there is a rise in the utilization of cloud-based security solutions to protect the entire data lifecycle through encryption, strong passwords, multi-factor authentication, and tested backups. This, coupled with the growing adoption of the internet of things (IoT) and big data analytics among various organizations, is positively influencing the market. Besides this, the rising hyper-connectivity, which requires vigilance and constant management of cyber breaches in computer systems, is catalyzing the demand for cyber warfare. Additionally, the escalating demand for risk management software and solutions among various industries is bolstering the growth of the market. Apart from this, the growing employment of cyber warfare in military aviation to avoid any threat that can damage aircraft while operating is offering lucrative growth opportunities to industry investors.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global cyber warfare market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, type and application.

Breakup by Component:

Solutions
Services

Breakup by Type:

Cyberattacks
Espionage
Sabotage

Breakup by Application:

Aerospace
Corporate
Government and Defense
Homeland
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Airbus SE, BAE Systems plc, Booz Allen Hamilton Inc., Cisco Systems Inc., DXC Technology Company, General Dynamics Corporation, Intel Corporation, International Business Machines Corporation, Leonardo S.p.A., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation and The Boeing Company.

Key questions answered in this report:
How has the global cyber warfare market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global cyber warfare market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global cyber warfare market and who are the key players?
What is the degree of competition in the industry?