The US-Government Cyber Security Market is expected to increase at a CAGR of 14.59% between 2022 and 2027 | Innovative Features and User Interface in the Firewall Drives the Market Growth

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Aug 09, 2023, 06:10 ET

NEW YORK, Aug. 9, 2023 /PRNewswire/ -- The US-Government Cyber Security Market size is expected to grow by USD 10,819.17 Million at a CAGR of 14.59% from 2022 to 2027. This surge is driven by several key factors:

Technavio has announced its latest market research report titled Government Cyber Security Market in US

Disruptive Threat Deception Strategy: The innovative features and user interfaces in firewalls, including threat deception techniques, play a crucial role in countering cyber attackers. Deception responses, generated by the firewall or specialized providers, deter malicious entities attempting to connect to specific ports. This enhances the credibility of cybersecurity solutions and contributes to market growth.
Adoption of Hybrid Deployment Model: The US government is increasingly adopting a hybrid deployment model for cybersecurity solutions. This model combines both on-premises and cloud-based solutions, providing flexibility, scalability, and improved accessibility. The adoption of this approach is driving market growth as it addresses the unique security needs of government agencies.
Increasing IT Security Budget: The US government is allocating a substantial budget for IT security to protect critical information systems and counter cybersecurity threats effectively. The growing investment in cybersecurity solutions is fueling market growth.
Implementation of BYOD Policies: Bring Your Own Device (BYOD) policies are becoming prevalent in government organizations, enabling employees to use their personal devices for official purposes. While this boosts productivity and reduces costs, it raises cybersecurity concerns, increasing demand for authentication and NIST-compliant cybersecurity solutions.
Challenges Due to High Deployment Costs: The high cost of deploying cybersecurity solutions poses a significant challenge to market growth. Expenses related to software licensing, system customization, training, maintenance, hiring IT staff, and skill development add to the financial burden on government agencies.

Overall, the US-Government Cyber Security Market is expected to witness significant growth during the forecast period, driven by technological advancements, increasing cybersecurity threats, and the US government's focus on data protection and national security. Learn how COVID-19 impacted the market growth or the drives, trends, and challenges by downloading the sample report.

US-Government Cyber Security Market

The US-Government Cyber Security market's key drivers include innovative firewalls, hybrid deployment models, and an increased IT security budget. However, the challenges include high deployment costs. Major end-users are the US Intelligence Community, Department of Defense, and Department of Homeland Security. To buy a complete report on the US-Government Cyber Security Market, click here.

The US-Government Cyber Security market report provides a comprehensive analysis of the market's segmentation by end-user (US Intelligence Community, Department of Defense, Department of Homeland Security), deployment (on-premises, cloud-based), and product (services, solutions). The report also includes an in-depth analysis of drivers, trends, and challenges. Historic market data from 2017 to 2021 is also included.

Below are some companies actively implementing various strategies to enhance their presence and competitiveness in the US-Government Cyber Security Market.

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.
Trend Micro Inc.

These companies are implementing various strategies to enhance their presence in the market, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product launches.

Below, find some similar reports:

Aviation Cyber Security Market: The aviation cyber security market size is estimated to grow at a CAGR of 9.4% between 2022 and 2027. The market size is forecast to increase by USD 38.08 billion. The report covers market segmentation by type (network security, wireless security, cloud security, and content and application security), deployment (on-premises and cloud-based), and geography (North America, APAC, Europe, Middle East and Africa, and South America).

Enterprise Cyber Security Solutions Market: The enterprise cyber security solutions market share is expected to increase by USD 35.84 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 10.94%. This report extensively covers market segmentation by end-user (telecom and manufacturing, government, BFSI, healthcare, and others) and geography (North America, APAC, Europe, MEA, and South America).

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