Companies in Global Cyber Weapon Market Forge Partnerships to Improve Positions Astute companies operating in the global market for cyber weapon are constantly exploring means to establish a greater stronghold over the market. A popular tool employed by them, to further their ambition, is carefully-considered partnerships and collaborations. They are also seen expending time and money to come up with better products to suit various needs of end users. The market for cyber weapon is being fuelled by the pressing need to secure critical infrastructure and utilities from cybercrimes, data thefts, and security breaches. A market research study prepared by Transparency Market Research (TMR) projects the global cyber weapon market to attain a value of US$521.87 bn by the end of 2021. While need to secure critical infrastructure is driving market, what factors are posing a major challenge to it? At the forefront of driving the market for cyber weapon is the rising instances of security breaches, cybercrimes, and data thefts. This has prompted organizations to increase spends on identifying zero-day vulnerabilities, which is a hitherto unknown security vulnerabilities that attackers can exploit. Intelligence agencies, governments, and other entities have already made significant allocations to spot zero-day exploits. However, unregulated usage of cyber weapons can be dangerous. In the hands of cyber-terrorists and extremists, they can prove to be powerful weapons of mass destruction. This has led to the framing of strict rules pertaining to the usage of cyber weapons, which in turn, is majorly hampering the growth pace of the market. Why does the defensive cyber weapon segment account for greater share in market? Cyber weapons available in the market can be split into defensive and offensive. The defensive cyber weapon segment in the market has a copious number of players competing against one another. As a result, the competitive landscape is fragmented. On the other hand, the just a few dominant players, namely Hacking Team and VUPEN Security, account for a considerable share in the offensive cyber weapon segment, making it consolidated. Currently, defensive cyber weapon segment leads the market with maximum share. This is because of the rising instances of cyber espionage that have forced both private entities and governments to focus on technologies to bulwark their critical infrastructure. With rising digitization in various sectors such as aerospace, defense, and manufacturing, which makes them highly susceptible to cyber thefts, the demand for defensive cyber weapons is predicted to remain supported. The segment of offensive cyber weapons, on the other hand, is at a premature stage at present. However, the demand and subsequent sales of offensive weapons will likely rise over the course of the years. This because of the rising thrust by nations to strengthen their offensive cyber capabilities on the back of the emergence of cyber as new platform for warfare. What makes North America the leading market? North America is a dominant region in the global cyber weapons market, which is predicted to hold on to its leading position in the next couple of years as well. With internet forming the backbone of the operations in the industrial control, air traffic control systems, and military defense in the U.S., defensive cyber weapon has seen massive uptake in the region. Asia Pacific is another major cyber weapons market. Soaring demand from countries, namely China, India, North Korea, South Korea, Australia, and Japan is primarily serving to boost the market for cyber weapons in the region. In addition, growing spends by China in development of superior cyber warfare technique is also expected to bolster market. Prominent participants in the market for cyber weapon are Lockheed Martin Corporation, The Boeing Company, General Dynamics Corporation, BAE Systems plc, Raytheon Company, and Northrop Grumman Corporation. Reference Link: https://www.transparencymarketresearch.com/cyber-weapon-market.html
