|
Government Cyber Security Market In US size is set to grow by USD 10.81 billion from 2023-2027, firewall as disruptive threat deception strategy boost the market, Technavio
Tuesday, April 23, 2024
NEW YORK, April 15, 2024 /PRNewswire/ -- The government cyber security market in us size is estimated to grow by USD 10819.17 mn from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of 14.59% during the forecast period. The US government cybersecurity market encompasses professionals, providers, and job seekers addressing cyber-attacks, data breaches, and espionage groups like Dragonfly, Thrip, and Chafer. Cloud-based platforms and solutions, including SSO and cloud-based cybersecurity, are in demand due to economic uncertainty. DDoS attacks, human errors, and misconfigurations pose threats, necessitating data protection laws and managed services. ONB, Academia, and various organizations collaborate, offering programs and enterprise security solutions in sectors like manufacturing.
For more insights on the historic (2017 - 2021) and forecast market size- Request a sample report
Government Cyber Security Market In US Scope
Report Coverage
Details
Base year 2022
Historic period
2017 - 2021
Forecast period
2023-2027
Growth momentum & CAGR Accelerate at a CAGR of 14.59%
Market growth 2023-2027
USD 10819.17 million
Market structure
Fragmented
YoY growth 2022-2023 (%) 12.84
Regional analysis
US
Performing market
contribution North America at 100%
Key countries
US
Key companies profiled BAE Systems Plc, Cisco Systems Inc., CyberArk Software Ltd., Fortinet Inc., NXTKey Corp., SolarWinds Corp., Booz Allen
Hamilton Holding Corp., Cyderes, Dell Technologies Inc., DXC Technology Co., Fortra LLC, General Dynamics Corp.,
International Business Machines Corp., Lockheed Martin Corp., Musarubra US LLC, Northrop Grumman Systems Corp., Proofpoint
Inc., Raytheon Technologies Corp., The Boeing Co., and Trend Micro Inc.
This government cyber security market in US report extensively covers market segmentation by End-user (US intelligence community, Department of defense, Department of homeland security) Deployment (On-premises, Cloud based) Product (Services, Solutions) Geography (North America)
Market segmentation by End-user
The Government Cyber Security Market in the US continues to expand, driven by the on-premises deployment model's growth. This model allows government organizations to maintain complete control over their cybersecurity solutions, utilizing dedicated hardware and software managed by service providers. However, the need for robust IT infrastructure and professional expertise increases the demand for cybersecurity professionals. With economic uncertainty and the rise of cyber-attacks, cybercrimes, data breaches, and cyber espionage groups like Dragonfly, Thrip, and Chafer, the market's growth is imperative. Cloud-based platforms and cybersecurity solutions, such as Single Sign-On (SSO) and protection against DDoS attacks, offer alternatives. Yet, human errors and misconfigurations remain significant threats. Data protection laws necessitate managed services segments' growth. IT environments, including ONB, Academia, Cyber Centre, Ignite Fredericton, Cyber Hatch, Planet Hatch, Energia, TechImpact, and The McKenna Institute, collaborate with post-secondary institutions to develop cybersecurity programs. Enterprise security solutions, including manufacturing, remain crucial in countering digital attacks.
-- The US government cybersecurity market encompasses professionals,
providers, and job seekers addressing cyber-attacks, data breaches, and
espionage groups like Dragonfly, Thrip, and Chafer. Cloud-based
platforms and solutions, including SSO and cloud-based cybersecurity,
are in demand due to economic uncertainty. DDoS attacks, human errors,
and misconfigurations pose threats, necessitating data protection laws
and managed services. ONB, Academia, and various organizations
collaborate, offering programs and enterprise security solutions in
sectors like manufacturing.
-- The Government Cyber Security Market in the US encompasses solutions for
advanced technologies, including AI and ML, in sectors like BFSI, IT and
telecommunications, retail, travel, and energy utilities. It addresses
confidential data protection, regulatory compliance, and security
threats in hybrid cloud settings. Solutions include network, end-point,
application, and cloud application security, secure web gateways, and IT
security services against cyber threats.
Insights on Market Drivers, trends, & Challenges, historic period(2017 - 2021) and forecast period(2023-2027)- Request a sample report!
In the US, the Government Cyber Security Market encompasses various sectors, including Academia, Cyber Centers, and critical infrastructure in Manufacturing, Banking, Financial Services, Healthcare, IoT Market, Travel and Transportation, and Energy and Utilities. With the increasing reliance on digital technologies and remote work, this market faces escalating challenges from cyber threats and regulatory compliance demands. Enterprise security solutions are crucial in addressing these issues, particularly in Hybrid cloud settings. IoT solutions, which are integral to numerous applications, necessitate robust security measures. The market's growth is driven by the need for data protection and digital transactions' security in an era of heightened cyber risks.
The Government Cyber Security Market in the US is a significant and ever-evolving sector. Companies provide solutions for securing critical infrastructure, protecting sensitive data, and combating cyber threats. Cybersecurity technologies in use include cloud security, network security, identity and access management, and encryption. The market is driven by increasing threats, regulatory compliance, and the need for advanced security solutions. Key players include CyberArk, Palo Alto Networks, IBM, and Microsoft. The market is projected to grow due to the increasing adoption of cloud services, the rise of IoT devices, and the implementation of advanced security technologies. The US government invests heavily in cybersecurity, with initiatives like the Cybersecurity and Infrastructure Security Agency (CISA) and the National Cybersecurity Protection System (NCPS). The market is expected to continue its growth trajectory in the coming years.
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/government-cyber-security-market-in-us-size-is-set-to-grow-by-usd-10-81-billion-from-2023-2027--firewall-as-disruptive-threat-deception-strategy-boost-the-market-technavio-302116212.html
SOURCE Technavio
|
|
|
|
|
|
 |
AI and Machine Learning in Business Market to Reach $190.5 Billion, Globally, by 2032 at 32% CAGR: Allied Market Research | May 1, 2024
|
|
Conversational AI Market worth $49.9 billion by 2030 - Exclusive Report by MarketsandMarkets(TM) | May 1, 2024
|
|
SciTec Awarded Contract for Cloud Based Command & Control Tracker Fusion | May 1, 2024
|
|
Pension Administration Software Market to Reach $13 Billion, Globally, by 2032 at 11.4% CAGR: Allied Market Research | May 1, 2024
|
|
IBM Transforms the Storage Ownership Experience with IBM Storage Assurance | May 1, 2024
|
|
Nuvo Enhances Credit Application Software with Equifax Commercial Credit Information | May 1, 2024
|
|
Orchard Software Announces New Billing Functionality to Improve Reimbursements | May 1, 2024
|
|
Interfuse Adds New Features to its Knowledge Base | May 1, 2024
|
|
Xiao-I's Virtual Try-on Technology (OOTDiffusion) Achieves Significant Breakthroughs, Attracting Industry-wide Attention and Sparking Discussions | May 1, 2024
|
|
Vectorworks, Inc. Fortifies AI Capabilities with Veras Partnership | May 1, 2024
|
|
|
|
