Market Research Report
Europe Cyber Weapons Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||577320|
|Published||Content info||88 Pages
Delivery time: 1-2 business days
|Europe Cyber Weapons Market Forecast 2019-2027|
|Published: February 11, 2019||Content info: 88 Pages||
The Europe cyber weapon market is forecasted to grow at a CAGR of 3.11% between the years 2019-2027. The net worth of the market is also expected to increase over this period, reaching $XX million by the end of 2027. The increasing threat to critical establishments, increasing cybersecurity funding by government and increasing investments by organizations to identify zero-day vulnerabilities are factors driving the cyber weapons markets in Europe.
The Spanish cyber weapon market is expected to grow with the highest CAGR in this region. However, in the present scenario, the United Kingdom market holds a major chunk of the European cyber weapon market share. Increased government funding for cybersecurity is a key driver for the European market's growth. Also, factors like the rising number of cyber issues, a growing number of traditional arms company exploring the cybersecurity markets and the shifting focus of several organizations towards identifying zero-day vulnerabilities are significantly aiding the market growth. However, the market is also facing major challenges in the form of cyber warfare and anonymity between hackers and the growing need to prevent weapons development and usage.
Few of the prominent companies in this market include Northrop Grumman Corporation, McAfee (acquired by Intel Security), Boeing, AVAST Software, General Dynamics, BAE Systems, Lockheed Martin Corporation, Raytheon Company, Symantec Corporation, Airbus Group, AVG Technologies, Mandiant (acquired by FireEye), Kaspersky Lab and Cisco Systems.