Global Cyber Warfare Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cyber Warfare Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Cyber warfare is a cyber-attack against a country, launched by the country or its proxies against other countries. Cyber warfare attacks and disrupts another nation's computer or information network through computer viruses or denial-of-service attacks, with the potential to wreak havoc on government and civilian infrastructure and disrupt critical systems. In some cases, these attacks were carried out by terrorist groups or non-state actors seeking to further hostile state objectives.

Market Overview:

The latest research study on the global Cyber Warfare market finds that the global Cyber Warfare market reached a value of USD 56247.0 million in 2022. It’s expected that the market will achieve USD 148271.0 million by 2028, exhibiting a CAGR of 17.53% during the forecast period.

Impact on the market

According to a survey published by Statista, the increase in cyber-attacks since the COVID-19 pandemic has been mainly in the area of data exfiltration and leaks. This includes unauthorized deletion or transfer of data from the device by criminals or malware. Half of the respondents are also increasingly encountering phishing emails. Cyber-attacks include hacking, spam attacks, malicious domains, mobile apps, phishing, malware, DDoS, ransomware, and more. During the early stages of the COVID-19 pandemic, many fake websites registered words like COVID, or World Health Organization (WHO) to appear more authentic and increase user trust, hoping to convince users to allow attackers in User organizes the operation of the system. The mentality of corporate employees has been negatively impacted by the COVID-19 pandemic. Fear of infection, lack of social connection, increased family responsibilities, and lack of physical activity all add to employee stress and distraction. Employees who work remotely often work longer and more irregular hours, which can make employees feel more tired. Inattentive employees are more likely to make security mistakes. As healthcare organizations increase resources to fight COVID-19, they have become the target of cyberattacks. Significant increase in DDoS and DoS activity. Adversaries have been found trying to disrupt commercial networks and spread disinformation to undercut the pandemic response involving vaccine research, health care distribution, and treatment delivery. As some countries struggle to obtain effective vaccines, they use sophisticated attackers to conduct economic espionage and steal billions of dollars in intellectual property. For example, in November 2020, Reuters reported that North Korean hackers were suspected of carrying out a cyber-attack on AstraZeneca, a British coronavirus vaccine developer.

National emphasis on network security

Cyber warfare attack types include espionage, sabotage, denial of service (DoS) attacks, attacking the electrical grid, propaganda attacks, and more. Vectors of cyber warfare include viruses, email attachments, pop-up windows, instant messaging, and other forms of deception on the Internet. With the severe network security situation, network security issues have gradually risen to the height of national strategy. DoS attacks continue to increase worldwide and are used to affect government entities, primarily through massive, sustained bandwidth attacks, while stealing or destroying data with malware and spyware. According to the 2021 Microsoft Digital Defense Report, nearly 80 percent of nation-state attacks target government agencies, think tanks, and non-governmental organizations (NGOs). The US remains the hardest-hit country. The US has developed and invested heavily in its technology sector to stay one step ahead of hackers. The U.S. government has strong defenses and a team that keeps security up to date 24/7 makes people feel safer. Another benefit of cyberwarfare is that countries are very cautious about their sensitive information and use a more formal approach to meetings. As emerging economies accelerate digitization, cyber warfare is a major growth constraint. Countries have increased cybersecurity spending and established units dedicated to overcoming cybersecurity challenges to stop cyber espionage and data breaches in the military and defense sectors. With the outbreak of the Russia-Ukraine conflict, the international situation has become increasingly severe, and cyber security risks continue to increase. Therefore, the systematic construction of network security such as detection, defense, and situational warning around the public security field is crucial to national information security. Sudden security incidents with large-scale impact have promoted the demand for network security in various industries, prompted the public security field to increase investment in network security, and brought more opportunities for the development of the network warfare security industry.

Infrastructure modernization

Government initiatives to modernize infrastructure to improve facilities and reduce cyber vulnerabilities are favorable to drive the market. Infrastructure modernization offers advantages such as reduced time-to-market, ease of maintenance, reliability, scalability, and cost-effectiveness. With the construction of 5G base stations, the traffic growth brought by IPv6 networks, and the emergence of new technologies such as blockchain, the Internet of Things, cloud computing, intelligent manufacturing, AI, VR, and AR, the digital transformation process of various industries continue to accelerate, and network information Safety put forward new requirements. Taking cloud computing and the Internet of Things as an example, cloud computing is different from traditional computing methods. It adopts distributed computing methods and uses virtualization technology to break through the boundaries of time and space, causing fundamental changes in IT infrastructure. This also makes cloud computing face more network risks than traditional computing methods, such as cloud data leakage, security vulnerabilities for virtualization technology components, etc. The rapid development of the Internet of Things has led to a rapid increase in the number of networked devices, and these networked devices usually do not have security protection capabilities and are easily attacked and exploited by external attackers, making the Internet of Things face more security risks. The new requirements arising from the changes in the application environment have brought new growth points for the upgrading and expansion of products and services in the network information security industry. At present, the construction of new infrastructure represented by new technologies such as 5G, big data, the Internet of Things, and artificial intelligence is one of the key measures for economic recovery in various countries. As a result, countries around the world are increasingly using cyber warfare to protect their digital infrastructure and devices connected to the internet.

Relatively Insufficient Cyber Security Awareness

The overall development level of the cyber security industry in China, India, and other developing countries is relatively weak, and the relevant industrial chain is not perfect. The overall investment in cybersecurity in developing countries is compliance-oriented and has not attracted attention. On the other hand, due to the characteristics of network security, users will realize their real needs for network security only when security problems arise. For example, in corporate phishing training for employees, employees are taught to choose strong passwords, change passwords frequently and not share them, never click on phishing links, and follow various other best practices. However, with increasingly advanced and complex work environments and the increasing number of tools and services employed by employees, these security practices are easily forgotten and often overlooked. Corporate training sessions are often held annually and it is easy for employees to forget what they have learned. Cybercriminals are also constantly improving their methods, rendering previous training sessions obsolete. Therefore, users lack awareness of network security, which poses a challenge to network warfare enterprises to conduct business.

Region Overview:

In 2022, the share of the Cyber Warfare market in United States stood at 41.82%.

Company Overview:

The major players operating in the Cyber Warfare market include Raytheon Technologies, Lockheed Martin, BAE Systems, Cisco Systems, Booz Allen, etc. Among which, Raytheon Technologies ranked top in terms of sales and revenue in 2023.

Raytheon Technologies

Raytheon Intelligence & Space specializes in developing advanced sensors, cyber services, and software solutions — delivering the disruptive technologies its customers need to succeed in any domain, against any challenge. RI&S has 34,500 employees and features a broad portfolio that includes advanced sensors, cyber, and software solutions.

Lockheed Martin

Lockheed Martin is an American aerospace manufacturer known worldwide for developing and manufacturing military aircraft. As a global security and aerospace company, the majority of Lockheed Martin's business is with the U.S. Department of Defense and U.S. federal government agencies. In addition, Sikorsky (a Lockheed Martin Company) provides military and rotary-wing aircraft to all five branches of the U.S. armed forces along with military services and commercial operators in 40 nations.

Segmentation Overview:

By type, Hardware segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Defense & Aerospace segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Cyber Warfare market covered in Chapter 3:

IBM Corp
Trellix
Lockheed Martin
DXC technology
Raytheon Technologies
Northrop Grumman
Boeing
L3 Technologies
Cisco Systems
Palo Alto Networks
Booz Allen
Intel
BAE Systems
Airbus
General Dynamic

In Chapter 4 and Chapter 14.2, on the basis of types, the Cyber Warfare market from 2018 to 2029 is primarily split into:

Hardware
Software
Services

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cyber Warfare market from 2018 to 2029 covers:

Defense & Aerospace
BFSI
Power and Utilities
Government
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)