Government Cyber Security Market in US Size to grow by USD 10819.17 million between 2023-2027
According to a research report “ Government Cyber Security Market in US” by End-user (US intelligence community, Department of defense, Department of homeland security) Deployment (On-premises, Cloud based) Product (Services, Solutions) Geography (North America)- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 10819.17 million, at a CAGR of 14.59% during the forecast period. The US government cyber security market represents a significant business opportunity due to the increasing threat landscape and the subsequent prioritization of cyber security initiatives. With federal agencies and state governments investing heavily to safeguard critical infrastructure and sensitive data, market growth is expected to remain robust. Key areas of focus include advanced threat protection, identity and access management, and incident response solutions.
Browse market data tables, figures, and in-depth TOC on “Government Cyber Security Market in US” by End-user (US intelligence community, Department of defense, Department of homeland security) Deployment (On-premises, Cloud based) Product (Services, Solutions) Geography (North America) Global Forecast to 2027. Download Free Sample
By End-user, the US intelligence community segment is projected to dominate the market size in 2024
In the US government cybersecurity market, on-premises solutions represent a deployment model where organizations assume full ownership of the hardware and software infrastructure. This model necessitates significant upfront investment for implementation, including professional expertise for monitoring and managing the setup. Despite the initial cost, the on-premises segment is projected to expand steadily due to the complete control it offers government agencies over their IT infrastructure. This model entails the use of dedicated hardware and software, managed either on-site or in private data centers, requiring a robust IT infrastructure for deployment. The primary advantage of on-premises cybersecurity solutions is the level of control and customization they provide to government entities.
By Deployment, On-premises segment is expected to hold the largest market size for the year 2024
The US government cyber security market represents a significant business opportunity due to escalating cyber threats and increasing regulatory compliance requirements. According to recent market research, this market is projected to grow at a robust CAGR, driven by the adoption of advanced security solutions, such as artificial intelligence and machine learning, to mitigate cyber risks and protect sensitive government data. Additionally, ongoing investments in cloud security and the implementation of the Zero Trust security model are further fueling market expansion.
North America is forecasted to hold the largest market size by region in 2024
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The Government Cyber Security Market in US growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Government Cyber Security Market in the US is experiencing significant growth due to the increasing reliance on digital transactions, remote work, and digital technologies. With the shift to hybrid cloud settings, regulatory compliance demands have become more stringent, especially in sectors like Energy and utilities, Travel and transportation, Healthcare, Financial Services, Banking, Manufacturing, and Academia. These industries face unique cyber threats as they handle sensitive data and critical infrastructure. The IoT market is also a major focus area, with IoT solutions becoming integral to various sectors. However, the increasing use of IoT devices also brings new cybersecurity challenges. The US Cybersecurity and Infrastructure Security Agency (CISA) and other regulatory bodies are taking measures to address these threats through initiatives like the National Cybersecurity Center of Excellence and collaboration with industry partners. Enterprise security solutions are in high demand to protect against digital attacks, with banking and financial services being prime targets. Overall, the Government Cyber Security Market in the US is expected to continue growing as the digital landscape evolves and new threats emerge.
Market Research Overview
The Government Cyber Security Market in the US is experiencing significant growth due to increasing IT environments and regulatory compliance demands. The managed services segment is a major contributor to this market, providing solutions for data protection against misconfigurations, human errors, and cyber-attacks such as DDoS attacks. Data breaches caused by cybercrimes and cyber-attacks continue to pose a threat, with cyber espionage groups like Chafer, Thrip, and Dragonfly targeting confidential data. Cloud-based cybersecurity solutions and cloud-based platforms are becoming increasingly popular, offering opportunities for service providers to offer cloud security services including response, threat detection, and ML (Machine Learning) and AI (Artificial Intelligence) capabilities. Economic uncertainty and the shift to remote work and digital transactions have accelerated the adoption of advanced technologies like SSO (Single Sign-On), Secure web gateway, Cloud application security, End-point security, Network security, and Online security threats IT security solutions. Industries like Energy and utilities, Travel and transportation, Retail, IT and telecommunications, BFSI, and Large enterprises are investing in enterprise security solutions to protect against digital attacks. Application security, Block chain, Artificial intelligence, Cloud computing, Cloud technology, Big Data, Internet security, and Information security applications are also in high demand. Job seekers are in high demand for cybersecurity professionals, with programs offered by The McKenna Institute, TechImpact, Energia, Planet Hatch, Cyber Hatch, Ignite Fredericton, Cyber Centre, Academia, and ONB providing opportunities for training and certification. With the increasing number of cyber threats, governments and organizations are investing in cybersecurity to protect against Shadankun, Askul Corp, E-commerce platforms, and IoT solutions in the IoT market, as well as healthcare, insurance (BFSI), financial services, banking, manufacturing, and other sectors.
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