Factors such as increase in defense spending to improve government effectiveness, rise in concerns toward cyber warfare and national security, and rise in requirement of increasing levels of protection due to persistent threat are some of the major factors that drive growth of the cyber warfare market.
However, lack of cyber warfare professionals hinder growth of this market. Furthermore, ongoing regulatory reforms by governments of several countries to ensure cyber defense posture along with rapid economic growth in developing countries is opportunistic for the cyber warfare market.
Cyber securities offer various features such as data protection, prevents adware, consolidate solution of virus and malware, and denies spyware especially in the areas such as defense and government. This has led to increase in spending on solutions to improve government efficiency and effectiveness, which drives growth of the cyber warfare market.
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The aim behind this is to improvise government IT structure, improve curbing cyber vulnerabilities, and deteriorate facilities, which increases adoption of these solutions.
Lack of expertise associated with cyber security acts as a restrain for this cyber warfare market. As cyber security expertise for proactive strategic planning is very less compared to what is required for growth of an organization. In addition, lack of expertise in interoperability with existing information systems are quit hard to change.
Companies Covered:
- IBM Corp.
- Intel Corp.
- DXC technology Ltd.
- BAE system corp.
- CA Technologies
- Cisco Systems Corp.
- General Dynamic Corp.
- Lockheed Martin Corp.
- Raytheon Company
- Boeing Corp.
COVID-19 scenario Analysis:
- The pandemic has created an enormous challenge for businesses worldwide to continue operating despite massive shutdowns of offices and other facilities. Businesses are also relying on digital services to maintain the supply chain for essentials, while minimizing social contact. Officials are depending on digital channels to reassure the public and maintain order. They are communicating rapidly evolving rules, sharing critical physiological and psychological health information, and exploding attack of rumors, fraud, and misinformation about bogus remedies.
- During this pandemic, cyber threats and scams have highly increased. As workers from various organizations are working from home and it is very difficult to keep security of devices and ultimately data of organization become very difficult for cyber security department individually. Due to which some players have released patches for safety of devices and data release free of cost or at very low cost on open source platforms such as Git hub.
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