Government Cyber Security Market to enjoy ’explosive growth’ to 2025: Key Players - BAE Systems, General Dynamics, Lockheed Martin, Northrop Grumman
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Cyber threats are Internet-based attempts to disrupt or damage information systems and hack critical information using spyware, malware, and phishing. Cyber security solutions enable the US government to maintain data confidentiality by monitoring, detecting, reporting, and countering cyber threats. The adoption of cyber security solutions is expected to increase with the growing penetration of the Internet among organizations of the US government.
The adoption of the hybrid deployment model for cyber solutions will be one of the major factors that will have a positive impact on the growth of the market. This model helps to overcome the issues that are prevalent in traditional deployment models. The adoption of hybrid deployment model lowers the total cost of ownership by ensuring the on-premises data protection without the need for skilled workers. Also, hybrid cyber security solutions are less expensive than the traditional full license security solutions because they follow the pay-per-use model. The demand for hybrid deployment models in various industries is increasing due to its ease of installation and upgrades, which in turn, will encourage emerging vendors to come up with hybrid cloud-based security solutions.
In 2017, the global Government Cyber Security market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.
Global Government Cyber Security Research for a Leading company is an intelligent process of gathering and analyzing the numerical data related to services and products. This Research Give idea to aims at your targeted customer’s understanding, needs and wants. Also, reveals how effectively a company can meet their requirements. The market research collects data about the customers, marketing strategy, competitors. The Government Cyber Security Manufacturing industry is becoming increasingly dynamic and innovative, with more number of private players entering the industry.
Important Features that are under offering & key highlights of the report:
1) Who are the Leading Key Company in Global Government Cyber Security market space?
Following are list of players that are currently profiled in the report "BAE Systems, General Dynamics, Lockheed Martin, Northrop Grumman, Raytheon, Boeing, Booz Allen Hamilton & DXC Technology"
** List of companies mentioned may vary in the final report subject to Name Change / Merger etc.
2) What will the market size be in 2025 and what will the growth rate be?
In 2019, the Global Government Cyber Security market size was xx million USD and it is expected to reach USD xx million by the end of 2025, with a CAGR of xx% during 2019-2025.
3) What are the Market Applications & Types:
The study is segmented by following Product Type: , Services & Solutions
Major applications/end-users industry are: Intelligence Community, Department of Defense & Department of Homeland Security
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
To comprehend Global Government Cyber Security market dynamics in the world mainly, the worldwide Government Cyber Security market is analyzed across major regions. HTF MI also provides customized specific regional and country-level reports for the following areas.
• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, and Brazil.
• Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
• Europe: UK, France, Italy, Germany, Spain, and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.
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The key players are highly focusing innovation in production technologies to improve efficiency and shelf life. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Company profile section of players such as BAE Systems, General Dynamics, Lockheed Martin, Northrop Grumman, Raytheon, Boeing, Booz Allen Hamilton & DXC Technology includes its basic information like legal name, website, headquarters, its market position, historical background and top 5 closest competitors by Market capitalization / revenue along with contact information. Each player/ manufacturer revenue figures, growth rate and gross profit margin is provided in easy to understand tabular format for past 5 years and a separate section on recent development like mergers, acquisition or any new product/service launch etc.
Research Parameter/ Research Methodology
The primary sources involves the industry experts from the Global Government Cyber Security industry including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources – industry experts such as CEOs, vice presidents, marketing director, technology & innovation directors, founders and related key executives from various key companies and organizations in the Global Government Cyber Security in the industry have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.
In the Secondary research crucial information about the industries value chain, total pool of key players, and application areas. It also assisted in market segmentation according to industry trends to the bottom-most level, geographical markets and key developments from both market and technology oriented perspectives.
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In this study, the years considered to estimate the market size of Global Government Cyber Security are as follows:
History Year: 2013-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Key Stakeholders in Global Government Cyber Security Market:
Global Government Cyber Security Manufacturers
Global Government Cyber Security Distributors/Traders/Wholesalers
Global Government Cyber Security Subcomponent Manufacturers
**Actual Numbers & In-Depth Analysis, Business opportunities, Market Size Estimation Available in Full Report.
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