Cybersecurity

Cyber Weapon Market to Reach US$521.87 Billion by the end of 2021

According to TMR, the global cyber weapon market stood at US$390 bn in 2014. Rising at a CAGR of 4.4% CAGR, the market is expected to reach US$521.87 bn by the end of 2021. With a share of 73.8%, the defensive cyber weapon segment dominated the market by type in 2014. Regionally, North America accounted for the leading share of 36% in the global market in 2014.

“Besides exploring strategic collaborations and partnerships, the leading companies in the market are investing in the research and development of advanced solutions,” said a lead TMR analyst. Many of these companies are planning to expand their geographical footprint by expanding their existing product portfolio.