US Federal Cyber Security Market to grow at a CAGR of 8.3% during the period 2016 - 2020; Finds New Report

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

Cyber security solutions enable the US federal government to maintain its data confidentiality by monitoring, detecting, reporting, and countering cyber threats. With the use of wireless networks for the mobile devices of US federal government employees, the IT systems have become vulnerable to cyber attacks. 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 for the period 2016-2020. 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

US Federal Cyber Security Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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 players in the US Federal Cyber Security Market: BAE Systems, General Dynamics, Lockheed Martin, Northrop Grumman, and Raytheon.

Other Prominent Vendors in the market are: Boeing, Booz Allen Hamilton, Computer Sciences, EMC, HP, IBM, L-3 Communications, McAfee, Microsoft, SAIC, and Symantec.

Market driver

• Adoption of cloud-based services
• For a full, detailed list, view our report

Market challenge

• Lack of efficient security solutions
• For a full, detailed list, view our report

Market trend

• Emergence of single sign-on (SSO)
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 60 pages “US Federal Cyber Security Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Life cycle analysis, Market opportunities and developments, Market segmentation by products, Buying criteria, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Five forces model, Vendor landscape, Appendix.

For more information Visit at: http://mrr.cm/Jqo

Find all IT Security report at: http://www.marketresearchreports.com/it-security