Enjoy complimentary customisation on priority with our Enterprise License!
The US Government Cyber Security market size is forecast to increase by USD 10.82 billion, at a CAGR of 14.59% between 2022 and 2027. The market's growth hinges on various factors, notably the integration of firewalls into innovative threat deception strategies, the embrace of hybrid deployment models in cybersecurity solutions, and the upsurge in IT security budgets. Cybersecurity threats, encompassing spyware, malware, and phishing attacks, pose significant risks to information systems, compelling the need for robust defense mechanisms. Cybersecurity solutions play a pivotal role in safeguarding critical information for the US government, ensuring data confidentiality through continuous monitoring, detection, reporting, and mitigation of cyber threats. By staying ahead of evolving threats, these solutions bolster the resilience of information systems and uphold national security in the face of increasingly sophisticated cyber attacks.
To learn more about this report, Request Free Sample
The market is rapidly evolving to counter sophisticated threats like Distributed Denial of Service (DDoS) attacks targeting critical sectors such as Smart Grids, Academia, and Healthcare. Institutions like the University of New Brunswick and New Brunswick Community College are collaborating at Cyber Centres to defend against digital attacks affecting Manufacturing, Banking, and Financial Services. As reliance on IoT (Internet of Things) grows in Energy and Utilities and hybrid cloud settings, the need for robust security solutions intensifies. Government initiatives aim to fortify defenses across Travel and Transportation, ensuring resilience in the face of emerging cyber threats. The integration of advanced technologies within the Smart Grid Centre of Competence underscores a proactive approach to safeguarding national interests in the interconnected digital landscape.
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. companies 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.
The market forecasting report includes the adoption lifecycle of the market research and growth, 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 market growth and forecasting strategies.
Customer Landscape
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.
Get a glance at the market contribution of various segments View the PDF Sample
The US intelligence community segment showed a gradual increase in the market share of USD 3.22 billion 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.
Companies 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 companies, including:
Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments.
You may also interested in below market reports:
The market is advancing with initiatives from ONB and Cyber Centre, supported by Ignite Fredericton and Cyber Hatch. Collaborative efforts at Planet Hatch and Energia drive innovation in Enterprise Security Solutions and address regulatory compliance demands. The integration of AI, Machine Learning, and Blockchain enhances Information Security Applications and safeguards IoT solutions amidst rising cyber threats like Dragonfly and Thrip. Cloud Computing and Big Data support secure E-commerce platforms and digital transactions, crucial in BFSI and retail sectors. As remote work increases, focus on Endpoint Security and Secure Web Gateway intensifies. The shortage of skilled cybersecurity professionals drives demand for Managed Security Services and MSSPs, offering Cloud-Based Cybersecurity Solutions like SaaS and IaaS. Amidst cybersecurity risks, government strategies prioritize Data Protection Laws and awareness, mitigating cybercrimes and data breaches in IT environments.
Further, the market focuses on bolstering defenses against evolving threats in the IoT market and digital technologies. Increasing awareness of cybersecurity risks drives initiatives to safeguard critical sectors. Strategies include integrating advanced technologies like AI and Blockchain to enhance digital defenses. These efforts aim to mitigate cybercrimes and data breaches, ensuring regulatory compliance and protecting digital transactions. The emphasis on cybersecurity underscores the importance of proactive measures to secure IT environments and promote a resilient cybersecurity posture across government agencies and enterprises.
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 10.82 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
12.84 |
Competitive landscape |
Leading companies, Market Positioning of companies, 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 analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
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
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.