Global Cyberwarfare Market to Hit $15.9 Billion in 2012, Claims Visiongain

Business intelligence specialist Visiongain has released a report which claims the global market for cyberwarfare technologies will grow to an impressive $15.9 billion by the end of 2012.

The report, entitled The Cyberwarfare Market 2012-2022, predicts a rapid growth in government adoption of cyberwarfare protection suites as battles are increasingly fought in a digital realm before boots ever hit soil.

As evidence for its bumper prediction, Visiongain points to ring-fencing carried out by major governments on cyberwarfare spending, protecting budgets at a time when other areas are being cut severely. While it admits that sales may suffer a little due to government cutbacks, Visiongain claims that any slowdown will be far less drastic in the cyberwarfare industry than any other high-tech market sector.

With reports of attacks on national digital infrastructure - including Supervisory Control and Data Acquisition (SCADA) systems, which are used to control power generation and water treatment facilities as well as industrial manufacturing plants - increasing alongside claims that 'nation states' have launched attacks on government and private facilities including Google's Gmail service and security expert RSA's internal network, it's hard to find fault with Visiongain's predictions.

Following Visiongain predicting such stellar growth for the market segment, it seems likely that the coming years will see many new companies enter the cyberwarfare industry in an attempt to snag a piece of the near-$16 billion market - but it remains to be seen how many of those will succeed over the long term.