Global Cyber warfare Market is valued approximately USD 46.97 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 18.5% over the forecast period 2022-2028. Cyber Warfare is usually defined as a cyber-attack or series of attacks and can be defined as a set of actions taken by a nation or organization to attack countries or institutions’ computer network systems to damage infrastructure using computer viruses or denial-of-service attacks. The rising Defense Spending Worldwide and increasing incidences of cyber-attacks in the defense sector are key drivers accelerating the growth of the Market. For instance, according to Stockholm International Peace Research Institute (SIPRI) - In 2021 world military expenditure surpassed the USD 2 trillion mark for the first time and reached USD 2113 billion. In addition, during 2021, the top spending countries including the United States, China, India, the United Kingdom, and Russia, together accounted for 62 per cent of expenditure. Also, rising Concern over Cybersecurity and increasing technological advancements in Defense Sector would create lucrative growth opportunities for the market during the forecast period. However, a dearth of skilled professional impedes market growth throughout the forecast period of 2022-2028.
The key regions considered for the Global Cyber warfare Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of revenue, owing to the dominance of government intervention in safeguarding the digital infrastructure, increasing the cyber defense budget, and the increasing focus on cybersecurity approaches. Whereas the Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as government regulatory reforms that ensure cyber security posture, quick economic development in underdeveloped nations, and a faster rate of technology improvement in cyberspace. The market would be driven over the forecast period by rising cyberattacks, which have become a crucial element in the defense budget allocation by governments of various nations in the region.
Major market player included in this report are:
BAE System plc
Palo Alto Networks, Inc.
General Dynamic Corporation
CrowdStrike Holdings, Inc
Fire Eye Inc.
International Business Machines (IBM)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Cyber warfare Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers