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Study: Gov’t Cyber Infrastructure Focus to Drive Cyber Weapon Market Through 2021

Study: Gov't Cyber Infrastructure Focus to Drive Cyber Weapon Market Through 2021 - top government contractors - best government contracting event
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cyberwarfareA Transparency Market Research report says worldwide cyber weapons could grow into a $521.9 billion market, largely because of government organizations’ efforts to secure critical infrastructure assets.

The market intelligence firm said Tuesday defense and intelligence agencies use cyber weapons to deal with adversaries who conduct espionage, data theft and information technology sabotage activities.

Defense cyber weapons generated nearly $288 billion in sales during 2015 and the segment’s growth is driven by increased government spending on tools designed to protect industrial control systems, military defense and aerospace, financial and transportation systems, the report states.

Transparency Market Research also forecasts efforts of the U.S. and China to build defensive and offensive cyberspace technologies to help drive the market.

The report includes information about industry players such as Airbus, Boeing, BAE Systems, General Dynamics, Northrop Grumman and Raytheon.

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Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

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