The Global Military Cyber Security Market 2018-2028

by Sameer Joshi or 01-Sep-2018

Modern battles are not only fought on air, land and sea, but also in cyberspace. Hostile forces are constantly trying to disrupt or damage critical operations of a country and conduct cyber espionage to access information that is vital to the government and military. Cyber-attacks can originate from anywhere in the world and are inexpensive in nature, owing to which adversary forces prefer to engage in cyber warfare techniques instead of conventional warfare. These factors drive defense establishments across the world to invest in instituting defensive capabilities against cyber-attacks. Presently, the volume of cyber threats has increased manifold, which is evident from several high profile incidents related to Petya/NotPetya and WannaCry ransomware in the past few years.

According to Sourabh Banik, analyst at Publisher,

“One of the major factors driving the military cyber security market is the dynamic nature of cyber threats, which warrants persistent overwatch and spending in R&D by the authorities.”

Cyber-attacks with such malwares have resulted in financial losses ranging in billions of dollars across the globe. Hackers are putting extra efforts in discovering new avenues of cyber-attack by exploiting the existing range of vulnerabilities and covering their tracks afterwards. The growing threats of cyber-attacks are compelling governments across the world to form effective cyber security frameworks to tackle such incidents. As such, several countries are setting up computer emergency response teams (CERTs) on departmental levels to defend their servers against cyber-attacks.

Why should you buy this report?

  • Gain in-depth understanding about the underlying factors driving demand for different cyber security segments in the top spending countries across the world and identify the opportunities offered by each of them.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global military cyber security market, providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the internal ministries of different countries within the global military cyber security market.