Published on : Jul 12, 2016
Cyber security is considered to be one of the essential requirements of the 21st century, considering the increasing number of cyber activities and cyber threats. The cyber weapons market is expected to report a fair CAGR of 4.40% between the year 2015 and 2021 as governments and intelligence agencies thrive to excel in cyber weaponry. Due to the increasing penetration of cloud, hackers and cyber-thieves are gaining access to confidential information. This is posing a threat to the security of information stored in cloud. Intelligence agencies are thus investing on developing software that will not only help them curb the mounting cyber-threats but will also help them gain power in the cyber weapons market.
Increasing Risk of Zero Day Vulnerabilities Fuelling Demand for Cyber Weapons
With the increasing threat of zero day vulnerabilities, governments and defense experts are stressing on the production and use of defensive and offensive cyber weaponries. As this particular kind of risk is taking a leap in which the vendor is completely unaware of the unethical penetration into its cyber area, the need of defensive cyber weapon is growing. Defensive cyber weapon alone held a major share in the cyber weapon market in 2014.
Investments in Cyber Weapons Market to Propel its Growth
Governments and intelligence agencies are rapidly setting up cyber units in order to curb the present and future threats on confidential information stored in cloud. This in turn is boosting investment in the arms manufacturing industry in the cyber security business and demand for advanced technology goods for cyber warfare. It is also propelling the need of offensive cyber weapons to not only beat the threat imposed by hackers but to also break their cyber space down.
Increasing Threat to Confidential Information to Fuel Demand for Defensive Firewall
In the age of Information Technology, maintaining confidentially has become a challenging task. To make sure that data, accounts, and other top secret files stay confidential, governments and cyber intelligence agencies are vending for defensive firewalls to secure their cyber space. This is also stimulating a gradual growth factor in the market of cyber weapons.
In spite of all the driving factors, growth of the market is restrained by certain factors such as implementation of tough government regulations, which limit the access of legal organizations to cyber weapons. Other than this the cyber weapon market is estimated to generate revenue (USD million) from 2015 – 2021.