new york, April 15, 2024 /PRNewswire/ — our government cybersecurity market The size is estimated to grow as follows 10,819,170,000 USD From 2023 to 2027, According to Technavio. The market is estimated to grow at a he CAGR of 14.59% during the forecast period. The US government cybersecurity market includes professionals, providers, and job seekers dealing with cyber attacks, data breaches, and espionage groups such as Dragonfly, Thrip, and Chafer. Cloud-based platforms and solutions, such as SSO and cloud-based cybersecurity, are in high demand due to economic uncertainty. DDoS attacks, human error, and misconfigurations are threats that require data protection laws and managed services. ONB, academia, and various organizations collaborate to deliver programs and enterprise security solutions in areas such as manufacturing.
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US government cybersecurity market |
|
Report scope |
detail |
base year |
2022 |
historical era |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum and CAGR |
Accelerating at a CAGR of 14.59% |
Market Growth 2023-2027 |
1,081,917,000 USD |
market structure |
fragmented |
YoY growth rate (%) for 2022-2023 |
12.84 |
regional analysis |
we |
Contribute to the market |
North America 100% |
Major countries |
we |
Introduction of major companies |
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 Boing Co., and Trend Micro Inc. |
Segment overview
This U.S. Government Cybersecurity Market report covers end users (U.S. intelligence agencies, Department of Defense, Department of Homeland Security), deployments (on-premises, cloud-based), products (services, solutions), geography (North America)
Market segmentation by end user
The US government cybersecurity market continues to expand, driven by the growth of on-premises deployment models. This model gives government agencies complete control over their cybersecurity solutions, with specialized hardware and software managed by the service provider. However, the need for robust IT infrastructure and expertise has increased the demand for cybersecurity professionals. Economic uncertainty, cyber attacks, cyber crimes, data breaches, and rise of cyber espionage groups such as Dragonfly, Thrip, Chafer, etc. make market growth imperative. Cloud-based platforms and cybersecurity solutions such as single sign-on (SSO) and protection against DDoS attacks offer alternatives. However, human error and misconfiguration remain significant threats. Data protection laws require growth in the managed services segment. IT environments such as ONB, Academia, Cyber Center, Ignite Fredericton, Cyber Hatch, Planet Hatch, Energia, TechImpact, and The McKenna Institute work with higher education institutions to develop cybersecurity programs. Enterprise security solutions, including manufacturing, remain critical in combating digital attacks.
- The US government cybersecurity market includes professionals, providers, and job seekers dealing with cyber attacks, data breaches, and espionage groups such as Dragonfly, Thrip, and Chafer. Cloud-based platforms and solutions, such as SSO and cloud-based cybersecurity, are in high demand due to economic uncertainty. DDoS attacks, human error, and misconfigurations are threats that require data protection laws and managed services. ONB, academia, and various organizations collaborate to deliver programs and enterprise security solutions in areas such as manufacturing.
- The US government cybersecurity market includes advanced technology solutions such as AI and ML in sectors such as BFSI, IT, telecommunications, retail, travel, and energy operations. Address sensitive data protection, regulatory compliance, and security threats in hybrid cloud settings. Solutions include network, endpoint, application, and cloud application security, secure web gateways, and IT security services against cyber threats.
Insights on market drivers, trends, challenges, historical period (2017-2021) and forecast period (2023-2027)- Request a sample report!
research analysis
In the United States, the government cybersecurity market encompasses various sectors including academia, cyber centers, manufacturing, banking, financial services, healthcare, IoT market, travel and transportation, energy and utilities critical infrastructure . With increasing reliance on digital technology and remote work, this market faces increasing challenges from cyber threats and regulatory compliance demands. Enterprise security solutions are critical to addressing these issues, especially in hybrid cloud settings. IoT solutions are essential to many applications and require robust security measures. Market growth is driven by the need for data protection and security of digital transactions in an era of increasing cyber risks.
Market research overview
The U.S. government cybersecurity market is a significant and evolving field. Companies offer solutions to protect critical infrastructure, protect sensitive data, and combat cyber threats. Cybersecurity technologies used 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 expected to grow due to increased adoption of cloud services, rise of IoT devices, and introduction of advanced security technologies. The U.S. government is making significant investments in cybersecurity through initiatives such as 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.
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Source Technavio