Wyly Wade

Cyber Warfare Systems Market Expanding to US$19.4Bn by 2023

English: VIRGINIA BEACH, Va. (May 14, 2010) Re...

With the increasing importance of information and communication technologies both on and off the battlefield, new research forecasts continued robust global spending on cyber warfare systems until 2023, with the market expanding from US$11.1 billion in 2013 to US$19.4 billion by 2023 – a CAGR of 5.77%. This significant growth is further fuelled by a surge in the number of cyber attacks, the pressure of austerity measures on Western defense budgets, and the relentless advancement in cybercrime technologies.


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