NEW YORK , April 15, 2024 /PRNewswire/ — According to Technavio, the US-sized authorities cybersecurity market is estimated to develop by USD 1,0819.17 million from 2023 to 2027. The market is estimated to develop at a he CAGR of 14.59% throughout the forecast interval. The US authorities cybersecurity market contains professionals, suppliers, and job seekers coping with cyber assaults, information breaches, and espionage teams comparable to Dragonfly, Thrip, and Chafer. Cloud-based platforms and options, comparable to SSO and cloud-based cybersecurity, are in excessive demand because of financial uncertainty. DDoS assaults, human error, and misconfigurations are threats that require information safety legal guidelines and managed companies. ONB, academia, and varied organizations collaborate to ship applications and enterprise safety options in areas comparable to manufacturing.
Technavio has printed its newest market analysis report titled US Government Cybersecurity Market 2023-2027.
For detailed insights on historic (2017-2021) and projected market dimension, request a pattern report.
US authorities cybersecurity market
Report scope
element
base yr
2022
historic period
2017-2021
Forecast interval
2023-2027
Growth momentum and CAGR
Accelerating at a CAGR of 14.59%
Market Growth 2023-2027
1,081,917,000 USD
market construction
fragmented
YoY progress price (%) for 2022-2023
12.84
regional evaluation
we
Contribute to the market
North America 100%
Major international locations
we
Introduction of main corporations
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 Boing Co., and Trend Micro Inc.
Segment overview
This U.S. Government Cybersecurity Market report broadly covers market segments by finish person (U.S. Intelligence Community, Department of Defense, Department of Homeland Security), deployment (on-premises, cloud-based), product (companies, options), and geography (North America). It’s coated.
Market segmentation by finish person
The US authorities cybersecurity market continues to increase, pushed by the expansion of on-premises deployment fashions. This mannequin offers authorities businesses full management over their cybersecurity options, with specialised {hardware} and software program managed by the service supplier. However, the necessity for strong IT infrastructure and experience has elevated the demand for cybersecurity professionals. Economic uncertainty, cyber assaults, cyber crimes, information breaches, and rise of cyber espionage teams comparable to Dragonfly, Thrip, Chafer, and so forth. make market progress crucial. Cloud-based platforms and cybersecurity options comparable to single sign-on (SSO) and safety towards DDoS assaults supply options. However, human error and misconfiguration stay important threats. Data safety legal guidelines require progress within the managed companies phase. IT environments comparable to ONB, Academia, Cyber Center, Ignite Fredericton, Cyber Hatch, Planet Hatch, Energia, TechImpact, and The McKenna Institute work with greater training establishments to develop cybersecurity applications. Enterprise safety options, together with manufacturing, stay vital in combating digital assaults.
The US authorities cybersecurity market contains professionals, suppliers, and job seekers coping with cyber assaults, information breaches, and espionage teams comparable to Dragonfly, Thrip, and Chafer. Cloud-based platforms and options, comparable to SSO and cloud-based cybersecurity, are in excessive demand because of financial uncertainty. DDoS assaults, human error, and misconfigurations are threats that require information safety legal guidelines and managed companies. ONB, academia, and varied organizations collaborate to ship applications and enterprise safety options in areas comparable to manufacturing. The US authorities cybersecurity market contains superior know-how options comparable to AI and ML in sectors comparable to BFSI, IT, telecommunications, retail, journey, and power operations. Address delicate information safety, regulatory compliance, and safety threats in hybrid cloud settings. Solutions embrace community, endpoint, software, and cloud software safety, safe net gateways, and IT safety companies towards cyber threats.
Insights on market drivers, tendencies, challenges, historic interval (2017-2021) and forecast interval (2023-2027) – Request a pattern report.
analysis evaluation
In the United States, the federal government cybersecurity market encompasses varied sectors together with academia, cyber facilities, manufacturing, banking, monetary companies, healthcare, IoT market, journey and transportation, power and utilities vital infrastructure . With growing reliance on digital know-how and distant work, this market faces growing challenges from cyber threats and regulatory compliance calls for. Enterprise safety options are vital to addressing these points, particularly in hybrid cloud settings. IoT options are important to many functions and require strong safety measures. Market progress is pushed by the necessity for information safety and safety of digital transactions in an period of accelerating cyber dangers.
Market analysis overview
The U.S. authorities cybersecurity market is a major and evolving area. Companies supply options to guard vital infrastructure, shield delicate information, and fight cyber threats. Cybersecurity applied sciences used embrace cloud safety, community safety, identification and entry administration, and encryption. The market is pushed by growing threats, regulatory compliance, and the necessity for superior safety options. Key gamers embrace CyberArk, Palo Alto Networks, IBM, and Microsoft. The market is predicted to develop because of elevated adoption of cloud companies, rise of IoT units, and introduction of superior safety applied sciences. The U.S. authorities is making important investments in cybersecurity by way of initiatives such because the Cybersecurity and Infrastructure Security Agency (CISA) and the National Cybersecurity Protection System (NCPS). The market is predicted to proceed its progress trajectory within the coming years.
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