Government Cyber Security Market Current Study Including Growth Factors, Regional Analysis, Key Players and Forecasts to 2021

Research analysis on the government cyber security market in the US identifies that 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. Publisher’s market research analysts predict that this market will grow at a CAGR of close to 8% by 2021.

One of the key trends that will gain traction in the government cyber security market in the US during the estimated period is the availability of defense-specific security solutions. Lockheed Martin, Boeing, and BAE Systems are some of the vendors that offer cyber protection solutions specifically for the government sector. These solutions provide dedicated security to defense organizations of both the developed and developing countries.

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Competitive landscape and key vendors

The government cyber security market in the US is fragmented and is characterized by the presence of many multinational vendors and small regional players. Large vendors are trying to expand their product portfolio and increase their market share by acquiring small vendors. Furthermore, vendors are also focusing on differentiating their product and service offerings through a clear and unique selling proposition to survive and succeed in this intensely competitive environment.

Key vendors in this market are -

BAE Systems

General Dynamics

Lockheed Martin

Northrop Grumman

Raytheon

Other prominent vendors in the market include Boeing, Booz Allen Hamilton, DXC Technology, and Dell EMC.

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Segmentation by type and analysis of the Government Cyber Security market

Services

Solutions

The shift in preference of the organizations of the US government from cyber security solutions towards the adoption of service-based cyber security is driving the demand for Federal cybersecurity services market in the US. Cyber security services offer better efficiency and are cost-effective. This encourages managed security service providers (MSSP) such as BAE Systems to offer cyber security services to the US government by entering into partnership with security specialists such as SilverSky.

Segmentation by deployment and analysis of the government cyber security market in the US

Cloud-based

On-premises

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