Cyber Threat from China, Russia and Iran on US Military and Civilian Networks Drive Cyber Warfare Spending

The 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. Read More