LONDON, Nov. 13, 2017 /PRNewswire/ -- KEY FINDINGS
The Europe cyber weapon market is forecasted to grow at a CAGR of 2.98% between the years 2017-2025. The net worth of the market is also expected to increase over this period, reaching $13316 million by the end of 2025.
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MARKET INSIGHTS
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 cyber security is a key driver for the European market's growth. Also, factors like rising number of cyber issues, a growing number of traditional arms company exploring the cyber security 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.
COMPETITIVE INSIGHTS
Few of the prominent companies in this market include Avast Software, Raytheon Company, Cisco Systems, Kaspersky Lab, General Dynamics, Boeing, Mandiant (Acquired By FireEye), EADS (Present Name Is Airbus Group), Symantec Corporation, AVG Technologies, Northrop Grumman Corporation, Lockheed Martin Corporation, Mcafee (Acquired By Intel Security),and BAE Systems.
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