Global Cyber Warfare Market

Cyber Warfare Market: Insights

Cyberwarfare refers to the act of using digital attacks like viruses or denial-of-service attacks by a nation or international organization to attack and damage another nation’s computer networks. Increasing security risks in recent years have made nations wary of protecting their nation’s computer networks from cyber-attacks. Cyberwarfare is capable of causing comparable to actual warfare. Nations are capable of defending themselves from cyberattacks and have an arsenal of offensive measures that allow them to wage cyber warfare on other hostile nations. The growing implementation of computer networks in various vital activities of nations has increased the risk of cyber-attacks on such networks that can cause disruption of services and cause massive economic damage to the nation and disrupt services that are vital to the functioning of a nation. Governments are increasingly becoming aware of the vulnerability of their computer networks and have to constantly upgrade their defense systems and be on alert for any cyber-attacks. The growing awareness and need to be prepared has led to the growth of the cyber warfare market in recent years. Government agencies like the military are constantly vigilant against cyber threats and are protecting their digital infrastructure and devices from cyberattacks through the internet. Growing internet usage and increased connectivity has also contributed to the growing risk of being the victim of a cyberattack. Nations are also capable of launching their cyberattacks on a hostile nation if the need arises. These actions of the governments are also expected to lead to the growth of the cyber warfare market.  In order to stay vigilant and protect themselves from cyber threats, governments are increasingly spending more money on improving the ability of the government to respond to a cyber-attack. This increased spending on improving the cybersecurity of governments to efficiently and effectively respond to cyber threats are major drivers of the cyber warfare market. Cyberwarfare is a multi-faceted threat, in its most basic form cyber-attacks can be used to complement traditional warfare actions. Governments can utilize cyber warfare techniques to attack the defense networks to shut down or disrupt the air defense systems of another nation to carry out an airstrike. Cyber espionage is one such application of cyber warfare, where a nation spies on another nation’s activities to access sensitive information. Although cyber espionage does not amount to an actual act of war, it nonetheless can cause tensions between countries. Cyberwarfare can be waged to sabotage network systems in another nation. Computers and satellites that are used to coordinate the activities of a nation’s government agencies are especially susceptible to such warfare. The electric grids, trains, and stock markets of nations can all be susceptible to cyber warfare which can cause massive damage to the nation. Denial-of-service attacks are used to prevent users from accessing their information or make resources unavailable to their intended users. Cyber propaganda is a novel form of cyber warfare. This form of cyber warfare aims to control the information being disseminated and influence public opinion to suit the attacker’s agendas. Cyberwarfare can cause major economic disruptions in nations. The WannaCry ransomware attacks on computers globally and the Petya attacks are some of the instances of cyber-attacks that caused major economic disruptions in countries. These attacks caused massive disruptions in Ukraine and the United Kingdom’s NHS. Global shipping company Maersk was also one of the affected organizations by such cyber-attacks. Such instances of cyber-attacks among large corporations and nations have led to countries being warier of being the recipients of cyber threats. 

Cyber Warfare Market: By Application

Based on the various applications of cyber warfare, the cyber warfare market can be segmented into government, aerospace, homeland, corporate, and others. The government segment is expected to hold the dominant share of the market during the forecast period. This segment is also expected to grow at the fastest rate during the forecast period. Militaries across the globe are becoming increasingly dependent on telecommunications networks and computers for various surveillance and other applications. These networks often store various sensitive data that can be detrimental to the nation if it falls into the wrong hands. This increased risk of cyber threats in the military sector has led to the massive dominance of this segment in the cyber warfare market in recent years. Militaries are constantly upgrading their networks to incorporate innovations and technologies like cloud systems and IoT to complement their existing networks. This increased adoption of novel technologies has increased the demand for cybersecurity as well as their offensive capabilities to launch such attacks if the need arises.

Cyber Warfare Market: By Region

The North American region held the dominant share of the market during the forecast period. The governments of the countries in this region especially the United States government spends heavily on its military and defense sectors. The country is a hotbed for technological innovation especially in the telecommunications area which has increased adoption of new technologies and with it increased risk of being the targets of cyber warfare. The region’s presence in the global economy and its success make it a very obvious target of cyberattacks. The governments in the region have set up various cybersecurity units and are actively improving their readiness to combat any cyber threat. These factors have contributed to the massive dominance of this region in the cyber warfare market. The APAC region is expected to grow at the fastest rate during the forecast period. Increasing government regulations to curb cyber-attacks and bolster the cybersecurity of the nations in the region, the growing economy of the region, increased adoption of technological advancements especially in the telecommunications field, and the growing number of cyber-attacks occurring in the region is expected to result in the growth of cyber warfare market in the region.

Cyber Warfare Market: Share & Competitor Analysis

Boeing, Lockheed Martin Corporation, General Dynamic Corporation, Raytheon Company, and BAE System Plc, among others, are the major vendors competing in the cyber warfare market.

Please note: This is not an exhaustive list of companies profiled in the report.