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The US-Government Cyber Security market size is estimated to grow at a CAGR of 14.59% between 2022 and 2027. The market size is forecast to increase by USD 10,819.17 million. The growth of the market depends on several factors, including firewalls as a disruptive threat deception strategy, adoption of hybrid deployment model for cybersecurity solutions, and increasing IT security budget. Cybersecurity threats are Internet-based attempts to disrupt or damage information systems and hack critical information using spyware, malware, and phishing attacks. Cybersecurity solutions enable the US government to maintain data confidentiality by monitoring, detecting, reporting, and countering cybersecurity threats.
The US government cyber security market report extensively covers market segmentation by end-user (US Intelligence Community, Department of Defense, and Department of Homeland Security), deployment (on-premises and cloud based), and product (services and solutions). It also includes an in-depth analysis of drivers, trends, and challenges.
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The market growth is driven by innovative features and user interfaces in firewalls. These firewalls offer enhanced protection with intrusion prevention, blacklists, URL filtering, and threat deception to counter confirmed attackers. Deception responses, generated by the firewall or specialized deception providers, deter malicious entities attempting to connect to specific ports. Implementing deception actions through network address translation or encapsulation tunnels enhances credibility. Firewall providers can strategically use deception techniques within the internal DMZ network path to thwart attackers, contributing to market growth in the forecast period.
The implementation of Bring your own Device (BYOD) policies in government organizations is a key market trend. BYOD allows employees to use their personal devices for official purposes, boosting productivity and reducing operational costs. The US government is increasingly adopting BYOD to leverage the mobile workforce and access confidential data remotely. However, this trend also raises cybersecurity concerns, driving the demand for authentication and NIST-compliant cybersecurity solutions. Vendors should focus on providing BYOD toolkits and secure solutions to drive market growth in the forecast period.
The market growth is hindered by the high cost of deploying cybersecurity solutions. This includes software licensing, system customization, training, and maintenance expenses. Hiring IT staff and providing training adds to the overall implementation costs. Additionally, hidden costs like skill development further increase the financial burden. Continuous monitoring and addressing evolving threats lead to rising cybersecurity expenses, acting as a barrier to market growth in the forecast period.
Among the segmentation by end-user, US intelligence community accounted for the largest market share. This group comprises 17 US government agencies that undertake intelligence activities related to external affairs (concerned with the US relations with foreign countries) and national security. The members of this community include intelligence agencies, military intelligence, and civilian intelligence. Some of the members of this community are the Central Intelligence Agency, the National Security Agency, Army Military Intelligence, and the Federal Bureau of Investigation/National Security Branch.
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The US intelligence community segment shows a gradual increase in the market share of USD 3,217.37 million in 2017 and continued to grow by 2027. The extremely confidential nature of the data and information in this segment, coupled with the decreasing cost of cybersecurity services, will lead to an increase in the market share of this segment. An increase in the number of cyberattacks, especially after the outbreak of the COVID-19 pandemic in early 2020, is expected to augment the demand for cybersecurity solutions further in this segment during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
US Government Cyber Security Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BAE Systems Plc.- The company offers government cyber security services such as advisory, cross-domain solutions, and incident response. It also provides cybersecurity, secure government, and commercial and financial security-related activities.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The US-Government Cyber Security Market reserach report forecasts market growth by revenue at country level and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
US-Government Cyber Security Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2022 |
Historic period |
2017-2022 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.59% |
Market growth 2023-2027 |
USD 108,19.17 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
12.84 |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Deployment
8 Market Segmentation by Product
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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