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GiiResearch.com: Global Cyber Warfare Market – North America to Represent 46% Market Share

Global spending on cyber warfare systems is expected to remain robust over the forecast period due primarily to the increased importance of such systems in modern warfare. The formation of the US Cyber Command or USCybercom, the highest defense spender globally, highlights the importance of cyber warfare in today’s world. The rise in new technologies such as social networks, mobile devices and cloud computing, combined with the economic downturn is driving the pace of innovation in the field of cyber warfare. Consumer driven IT has resulted in organizations losing control over their ability to manage their data by defining a perimeter. Weak economic conditions have meant that companies are striving to find ways and means to remain competitive. This is where innovation is seen to be sustaining the cyber warfare industry with sub-sectors such as identity and access management, data security and network security expected to record significant growth over the forecast period.

North America is expected to account for the largest share of the total global cyber warfare market, representing a 46% share over the forecast period. Regional demand is primarily driven by the growing threat from Chinese, Russian and Iranian cyber attacks on US military and civilian networks.

The cyber security institutional eco-system which consists of a broad set of international, national, and private organizations has unclear and overlapping boundaries as well as differing capacities due to which a comprehensive database on such malware has not been developed.

As most cyber weapons are developed in secrecy, defenders will have limited knowledge with regards to the capabilities of the weapons and will not be able to update or modify the cyber defense mechanisms accordingly.

The cyber security industry is plagued by lack of trust among different parties which further leads to data not being shared. This trend is increasingly being viewed between the public and private sectors where any possible alert is shared only amongst trusted people and not via the official channel, which prevents deep penetration of critical data and facilitates instances of cyber crime.

New technologies such as cloud computing, social networking and the proliferation of mobile devices have also resulted in an increase of cyber attacks. These factors are expected to drive the demand for cyber security programs.

For more information, visit: http://www.giiresearch.com/report/icd233028-global-cyber-warfare-market-2011-2021.html

Find IT Security Market Research Reports: http://www.giiresearch.com/topics/TL22_en.shtml

About Global Information Inc.
Global Information (GII) (http://www.giiresearch.com) is a market research provider with offices in six countries and partnering contracts with over 450 research firms worldwide. Global Information has been in the business of distributing technical and market research for more than 25 years.

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Contact Information:
Global Information Inc.
Yuko Ueki
860-674-8796
Contact via Email
http://www.GiiResearch.com

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