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Complete Story
01/23/2020
Cyber Weapon Market is expected to reach US$521.87 bn by the end of 2021
Seeresearch Report
Several companies operate in the global cyber weapon market, among which The Boeing Company, Lockheed Martin Corporation, General Dynamics Corporation, Raytheon Company, BAE Systems plc, and Northrop Grumman Corporation are identified as the key players in a report by Transparency Market Research (TMR).
The defensive cyber weapon segment in the market is highly fragmented due to the existence of numerous companies offering high-tech cyber-security services. Contrary to this, only a handful of companies such as Hacking Team and VUPEN Security offer offensive cyber weapons. This has in turn resulted into a consolidated vendor landscape in the offensive cyber weapon segment.
According to TMR, the global cyber weapon market stood at US$390 bn in 2014. Rising at a CAGR of 4.4% CAGR, the market is expected to reach US$521.87 bn by the end of 2021. With a share of 73.8%, the defensive cyber weapon segment dominated the market by type in 2014. Regionally, North America accounted for the leading share of 36% in the global market in 2014.
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