Cyber Weapon Market Is Expected To Grow At a CAGR Of 16.5% FROM 2018-2027.

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According to Stratistics MRC, the Global Cyber Weapon Market is accounted for $45.12 billion in 2018 and is expected to reach $73.05 billion by 2027 growing at a CAGR of 5.5% during the forecast period. Some of the key factors influencing the market growth include a rise in threats to critical infrastructures across vital sectors including corporate IT and government, rise in defence expenses coupled with the continuous evolution of cyber weapons as a warfare tool and increasing use of cyber weapons to keep track of enemy’s movements and data surveillance in the defence sector. However, the lack of standardized regulatory frameworks for energy solutions and increasing government regulations regarding the use of cyber weapons in a controlled environment are restricting market growth.

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The cyber weapon is a malware agent that is mainly employed from the intelligence, military & security or surveillance purposes, used in cyber warfare. They are commonly sponsored by state or non-state individual or group. A cyber weapon performs actions which would normally require a spy or a soldier, & which would be considered either illegal or an act of war if performed directly by a human agent of the sponsor during peacetime. Cyber weapons are also used to violate privacy of individuals of any nation or compromise their sovereignty. They are found in form of virus, malware that can cause or protect from theft of intellectual property or destruction of data and systems.

Opportunity: Leveraging AI, Machine learning and blockchain technologies for cyber defense.

Cybersecurity vendors are incorporating Artificial Intelligence (AI) and machine learning concepts into their solutions for addressing critical threats related to the hyper-connected workplace, with faster threat detection, mitigation, and response capabilities. The advancements in technologies, such as AI and machine learning, are turning the tides against cybercriminals. AI and machine learning-based cybersecurity solutions analyze a huge amount of data from the past threat records and identify new threats to save enterprise networks from infiltration attempts. These techniques play an integral role when it comes to identifying and safeguarding against the advanced security threats. Hence, cybersecurity professionals are leveraging AI and machine learning technologies for responding to the evolving cyber threats faced by individuals, businesses, and governments.

Additionally, vendors are also looking into leveraging modern day concepts such as blockchain into fortifying the capabilities of their cybersecurity solutions and services, thus offering better protection and remediation for the enterprises. Moreover, blockchain technology can also be competently used to prevent DDoS attacks. Vendors such as Blockstack and MaidSafe are trying to achieve this by decentralizing DNS, distributing the contents to a large number of nodes and create a secure environment, making it nearly impossible for hackers to build a DDoS attack. Such advanced integration with technologies such as AI, machine learning and blockchain provides enterprise-grade security by automating the entire detection and mitigation of the cyber defense system, eventually boosting the demand for advanced cybersecurity solutions and services over the next 5 years.

Driver: Increase in the frequency and sophistication of cyber attacks.

The instances of massive cyber attacks globally are gradually increasing. Cyber terrorists assault endpoints, networks, data and other IT infrastructure that escort to a huge financial losses to the individuals, enterprises and governments. The primary motive behind cyber-criminals includes political rivalry, financial gain, harm reputation, international rivalry and radical religious group interest. The majority of cyber attacks are for financial gain. Ransomware, such as WannaCry, Petya, NotPetya, and BadRabbit, are some of the significant ransomware, which have affected enterprises and government organizations on a large scale. SamSam ransomware cyber-attack was triggered in the city of Atlanta, US. This type of ransomware is deployed on the computer system using brute-force attacks to guesstimate weak passwords and encrypt files. The consequences of the ransomware included inaccessibility to multiple municipal services, data leakage, and financial loss. SamSam ransomware attacks are prominent among healthcare, government, and education industry verticals.

On the basis of application, the government organizations have taken significant steps to curb cyber vulnerabilities during the forecast period. In recent past, a significant increase in the sophistication and intensity of cyber-attacks has led developed countries to build resilience and adopt national cybersecurity strategies. Most Nation’s government is moderating its security posture. Recently, NATO leaders made resourcing cyber defense a top priority at the NATO Summit in Warsaw, aimed to strengthen cyber defenses of national infrastructures and networks.

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By geography, the Asia Pacific region is expected to witness significant growth in the near future, due to rising military budget, increasing adoption of advanced technologies especially in emerging economies and growing intelligence agencies and aerospace sector. This region offers potential growth opportunities for the cyber warfare application to grow mainly due to key factors such as regulatory reforms by the governments to ensure cyber defense posture, rapid economic growth in the developing countries, and increasing pace of technological advancements in cyberspace. Moreover, increasing cyber-attacks have emerged as a vital factor, considered for the defense budget allocation by various nation’s government thereby driving the market over the forecast period.

Some of the key players in global cyber weapon market are BAE System plc, Cisco Systems, Avast Software, McAfee, Kaspersky Lab, Airbus Group SE, Boeing Company, Raytheon Company, Lockheed Martin Corporation, AVG Technologies, Northrop Grumman Corporation, General Dynamics Corporation, Symantec Corporation, Thales SA, and FireEye, Inc.

BAE System plc: Jan, 2020: BAE Systems plc has signed a definitive Asset Purchase Agreement to acquire Collins aerospace’s military global positioning system business (“GPS business”) and Raytheon’s airborne tactical radios business (“Radios business”). These two proposed acquisitions represent a unique opportunity to purchase high quality technology based businesses with market leading capabilities and long histories of pioneering innovation in their fields. These assets have come to market as part of the regulatory process relating to the merger of Raytheon and UTC. Both businesses are highly complementary to our US-based Electronic Systems business and on completion they would be integrated into our Electronic Systems division.

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Raytheon Company: Feb, 2020: Raytheon has collaborated with ironnet on cyber defense for critical infrastructure, to develop cyber solutions for the defense of operational and information technology (OT/IT) systems. These solutions would integrate managed security services with advanced analysis and threat sharing tools including IronNet's collective defense platform, and its network traffic analysis software, to potentially bring new solutions for enterprise protection. The combined solutions are designed to be part of a collective defense offering for critical infrastructure and national security networks and systems. These solutions offer hardening of OT/IT platforms to increase resiliency for systems that orchestrate sensing, control, networking and analytics to interact with the physical world, and enable safe, secure and adaptable performance.

About Stratistics MRC:

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