US Federal Cyber Security Market 2016-2020

This market research study presents a comprehensive segmentation of the US federal cyber security market by products (solutions and services). It also presents an analysis of the key drivers and challenges that influence market growth. The top vendors identified in this market are BAE Systems, General Dynamics, Lockheed Martin, Northrop Grumman, and Raytheon.

Outlook of the federal cyber security market in the US

Extensive research by the analysts at Technavio has shown that the federal cyber security market in the US will grow at an impressive CAGR of more than 8% during the forecast period. The US federal government is increasingly adopting cloud-based services for authentication processes, video management systems, and storing biometrics information. Since most organizations store their confidential data on the cloud, it is imperative to secure data from unauthorized access. Moreover, due to the flexibility and scalability of cloud-based security solutions, the US government is using the cloud for document management, collaborative services, geospatial services, security testing, and server optimization. With the increasing adoption of cloud-based services, the market for federal cyber security has a positive outlook over the forecast period.

In this industry report, the analysts have estimated factors like the increasing availability of integrated security solutions will spur the growth prospects of the cyber security market. The US federal government prefers integrated security solutions as opting for different security solutions may lead to integration issues. Moreover, the integrated security solutions provided by the vendors provide better support and functionality to customers. Therefore, the adoption of integrated security solutions is expected to the bolster the growth prospects of this market.

Segmentation by products and analysis of the federal cyber security market

• Solutions
• Services

During 2015, the services segment dominated the US federal government cyber security market and accounted for more than 51% of the market share. Factors such as the recent shift of organizations of the US federal government from cyber security solutions to service-based cyber security will aid in the growth of this market segment. For instance, managed security service provider (MSSPs) such as BAE Systems are partnering with security specialists such as SilverSky to provide cyber security services to the US federal government.

Competitive landscape and key vendors

The US federal cyber security market is highly fragmented with the presence of many multinational vendors and small regional players. Large vendors often acquire small vendors to expand their product portfolio and market share. The vendor competition will intensify with an increase in service extensions, technological innovations, and M&A.

Key vendors in this market are -

• BAE Systems
• General Dynamics
• Lockheed Martin
• Northrop Grumman
• Raytheon

Other prominent vendors in the market are Boeing, Booz Allen Hamilton, Computer Sciences, EMC, HP, IBM, L-3 Communications, McAfee, Microsoft, SAIC, and Symantec.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the US federal cyber security market?
• What are the key market trends impacting the growth of the US federal cyber security market?
• What are the challenges to market growth?
• Who are the key vendors in the US federal cyber security market?
• What are the market opportunities and threats faced by the vendors in the US federal cyber security market?
• Trending factors influencing the market shares of the US.
• What are the key outcomes of the five forces analysis of the US federal cyber security market?

Technavio also offers customization on reports based on specific client requirement.

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• Cyber Security Market in the APAC Region 2015-2019
• Global Enterprise Cyber Security Market 2015-2019