US Federal Cyber Security Market to Grow 8.3% (2016-2020) - Lack of Efficient Security Solutions - Research and Markets

Apr 15, 2016, 06:14 ET from Research and Markets

DUBLIN, April 15, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "US Federal Cyber Security Market 2016-2020" report to their offering. 

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The US federal cyber security market is expected to grow at a CAGR of 8.3% during the period 2016-2020.

The adoption of cloud-based services by the US federal government and emergence of IoT have further increased the vulnerability of these IT systems. So, with the growing penetration of the internet in US federal government organizations, the adoption of cyber security solutions will grow.

The report covers the present scenario and the growth prospects of US federal cyber security market. To calculate the market size, the report considers the revenues generated from the sales of cyber security solutions that include the following:

  • Software suites
  • Services

As user credentials that are used to access systems and applications are susceptible to security risks and concerns, the SSO option is being used by organizations to increase security of corporations and reduce organizational costs of managing access control. The technology addresses issues of user convenience as the end-user needs to enter credentials at just one point for authentication to ensure seamless and secure access to multiple applications.

According to the report, the US federal government is adopting cloud-based services for purposes such as authentication processes, video management systems, and storing biometrics information. These organizations store their confidential data on the cloud. Thus, it is important to secure data from unauthorized access. As cloud-based services prevent the US federal government from owning security infrastructure, its adoption is increasing among them.

Further, the report states that the number of cyber attacks in the US federal government has been on the rise in terms of both frequency and intensity. Security attacks using viruses and spyware are evolving into more complex attacks and have become difficult to detect and control.

Key vendors: 

  • BAE Systems
  • General Dynamics
  • Lockheed Martin
  • Northrop Grumman
  • Raytheon

Key Topics Covered:

PART 01: Executive summary 
PART 02: Scope of the report 
PART 03: Market research methodology 
PART 04: Introduction 
PART 05: Market landscape
PART 06: Life cycle analysis 
PART 07: Market opportunities and developments 
PART 08: Market segmentation by products 
PART 09: Buying criteria 
PART 10: Market drivers 
PART 11: Impact of drivers 
PART 12: Market challenges 
PART 13: Impact of drivers and challenges 
PART 14: Market trends 
PART 15: Five forces model 
PART 16: Vendor landscape 

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SOURCE Research and Markets