The Government Cyber Security Market in US is being driven by Firewall as disruptive threat deception strategy
The Government Cyber Security Market in US is expected to grow at a CAGR of 6.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4.18 billion. The bring-your-own-device (BYOD) policy enables US government employees to utilize their personal smartphones, laptops, tablets, and desktops for official tasks, enhancing productivity by minimizing travel time and reducing operational expenses for the organization. This includes costs related to workstation repair and maintenance. The US government's adoption of the BYOD policy has grown significantly, with the mobile workforce expanding in 2023 due to the widespread use of mobile devices across various government departments. This trend is expected to continue, as the policy offers flexibility and cost savings for the public sector.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.1% |
Market growth 2025-2029 |
USD 4.18 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
5.3 |
Key countries |
US, North America, and US |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Government Cyber Security Market in the US is experiencing significant growth due to increasing digital attacks and regulatory compliance demands. Key industries such as Academia, Banking, Financial Services, Healthcare, Manufacturing, Energy and Utilities, Travel and Transportation, and IoT Market are prioritizing enterprise security solutions to protect against cyber threats in hybrid cloud settings. Remote work and digital transactions further amplify the need for data protection. Cyber Centers play a crucial role in safeguarding against these threats and ensuring regulatory compliance. IoT solutions for industries like Manufacturing and Healthcare are also gaining traction in the market.
The US government cyber security market is experiencing significant growth due to increasing investments in IT infrastructure. Government agencies face a talent gap in possessing expertise in current IT skills, leading to a surge in demand for cyber security programs and services. Institutions such as Academia, Cyber Centre, Ignite Fredericton, Cyber Hatch, Planet Hatch, Energia, TechImpact, The McKenna Institute, and post-secondary institutions are offering cyber security programs to bridge this gap. This trend is expected to continue, driving growth in the global IT consulting and other services market, which includes companies providing IT consulting, information management, and cyber security services to government entities. Technavio forecasts that this market will witness steady expansion due to the heightened need for advanced cyber security solutions to mitigate digital attacks.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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