Research and Markets - Global IT Security Spending in Government Sector - Key Vendors are Cisco Systems, Fortinet & Juniper Networks

May 10, 2016, 05:10 ET from Research and Markets

DUBLIN, May 10, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global IT Security Spending in Government sector 2016-2020" report to their offering. 

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The global IT security spending in the government sector is expected to grow at a CAGR of 9.02% during the period 2016-2020. 

In 2015, the global IT security spending in the government sector was in its growth stage and many government organizations adopted IT security solutions to improve their business operations and productivity. Increasing instances of identity theft, cybercrime, and insider fraud as well as increasing opportunities for hackers are compelling organizations to adopt IT security solutions. The global IT security spending in the government sector in APAC is likely to grow rapidly because of the rise in bring -your-own-device (BYOD) and choose-your-own-device policies and mobility services. 

The growing security requirements of government organizations are increasing the demand for SaaS-based IT security solutions. The growing demand for SaaS-based security solutions has outpaced the demand for traditional IT security solutions. 

According to the report, with the adoption of BYOD policies among federal agencies, federal employees are using their personal mobile devices such as smartphones, tablets, and laptops for work purposes. This has increased the demand for uninterrupted connectivity between corporate networks and employees' devices. Employees need to access and store confidential information on mobile devices, which has increased the need to protect data. The adoption of BYOD has been growing each year in the government sector. 

Further, the report states that high implementation costs will refrain small enterprises in the government sector from adopting IT security solutions.

Key vendors: 

  • Check Point Software Technologies
  • Cisco Systems
  • Fortinet
  • Juniper Networks

Key Topics Covered: 

PART 01: Executive summary 

PART 02: Scope of the report 

PART 03: Market research methodology 

PART 04: Introduction 

PART 05: Market description 

PART 06: Market landscape 

PART 07: Market segmentation by solution 

PART 08: Geographical segmentation 

PART 09: Market attractiveness 

PART 10: Buying criteria 

PART 11: Market drivers 

PART 12: Market challenges 

PART 13: Market trends 

PART 14: Impact of trends 

PART 15: Vendor landscape 

PART 16: Vendor matrix 

PART 17: Description of leading vendors 

For more information visit

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SOURCE Research and Markets