ASIA PACIFIC CYBER WEAPON MARKET FORECAST 2017-2025

ASIA PACIFIC CYBER WEAPON MARKET FORECAST 2017-2025

PR Newswire

LONDON, Nov. 13, 2017 /PRNewswire/ -- KEY FINDINGS
The Asia-Pacific cyber weapon market was estimated to be worth $9627 million in 2016. The market is expected to witness the fastest growth over the forecast period of 2017-2025, with a CAGR of 6.16%.



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MARKET INSIGHTS
The Asia Pacific market is projected to drive 60% of the global defense acquisitions by the end of 2025. Large-scale research & development in the field of cyber weapon development is likely to be carried out in the Asia Pacific region. The increased defense spending is expected to boost the cyber weapons market in the Asia Pacific over the forecasted period. The market is primarily segmented on the basis of types and application. The most popular application of cyber weapons is expected to be for national defense systems. India is likely to contribute for a significant share of the market over the course of the forecast period.

COMPETITIVE INSIGHTS
EADS (Present Name Is Airbus Group), Mcafee (Acquired By Intel Security), AVG Technologies, Cisco Systems, Symantec Corporation, Lockheed Martin Corporation, General Dynamics, Kaspersky Lab, Boeing, BAE Systems, Northrop Grumman Corporation, Raytheon Company, Mandiant (Acquired By FireEye) , and Avast Software are some of the well-known companies in this market

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