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Defence Security

Cyberwarfare market set to increase

The global cyberwarfare market is currently - despite sustained attention and prior spending - still very much a formative presence in the global defence and security industry, lacking either clear direction (or even formal definition), yet is set to increase substantially during the period 2014-2024, according to industry analysts Visiongain.

Substantial debate remains as to whether 'cyberwarfare' is more properly an appendage of 'information war,' or retains the properties of other military sectors (such as electronic warfare).

However, despite lacking a clear conceptual framework, spending in the cyberwarfare market is already substantial, as a range of governments and global military organisations move to secure their networks and is expected to increase further over the course of the forecast period, 2014-2024.

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In its latest report - Cyberwarfare Market Forecast 2014-2024: Future Prospects for Leading Players - Visiongain anticipates that growth will be significant, albeit subject to significant fluctuation, with several markets increasing in size several times over.

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