GovWin IQ Document - Market Report - Federal Information Security Market, 2015-2020
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Market Report

Federal Information Security Market, 2015-2020 (Oct 2015)

Deltek's Federal Information Security Market, 2015-2020 examines the trends and drivers shaping the federal information security marketplace and provides a forecast for the next five years.

Description

Persistent and diverse threats, growing interconnectivity, and the criticality of technology and data to the mission of federal agencies make securing their information systems more crucial than ever. The challenge is increased by the pace of technological change and complexity introduced by deploying new mobile and cloud-based capabilities alongside legacy systems and environments. This complexity and dependence on technology makes effective information security one of the federal government’s most critical priorities. Internal and external threats to data and systems are becoming more sophisticated and the need for effective solutions to detect, protect and mitigate security risks is growing. Further, the ability of agencies to develop secure IT frameworks and environments directly impacts their progress in modernizing legacy systems and deploying the latest cloud, big data and mobile technologies.

As high-profile security failures attest, federal leaders are focused on improving the cybersecurity of agencies at all levels, amidst capability gaps and budget, personnel, and regulatory constraints. To address their information security gaps, agencies continue to look to industry partners for the processes, services, skill sets, and tools needed to mount both defensive and offensive cybersecurity strategies.

Deltek forecasts the demand for vendor-furnished information security products and services by the U.S. federal government will increase from $8.6 billion in FY 2015 to $11.0 billion in 2020 at a compound annual growth rate (CAGR) of 5.2%.

Key Findings

  • The breadth and depth of cyber-threats and the complexity of agency IT environments continues to challenge progress in hardening their cybersecurity. Agencies will continue to look to industry for help.
  • While overall IT spending will remain relatively flat over the forecast period, growth opportunities remain in key areas of cybersecurity. Related security efforts in cloud, big data, mobility, and infrastructure will support growth.
  • Services and product demands are driven by agency maturity in security strategies and processes.
    • Strategy and cyber-ops services show sustained demand
    • Products for improved monitoring, effectiveness, and automation are desired
  • Skilled personnel needs will sustain demand for contracted services. Offensive cyber and “inherently governmental” areas trim addressability.
  • Government-wide IT policies will continue to embed cybersecurity into the fabric of federal IT acquisitions and management.
    • Security is widely impacting acquisition policy, contract types, and RFPs.

This report identifies and analyzes the trends and drivers impacting the market’s growth and identifies and sizes the following five major segments within the federal information security marketplace:

  • Security Operations Services
  • Governance, Strategy and Compliance
  • Security Tools and Appliances
  • Identity and Access Management (IAM) Technology and Support
  • Training, Education and Awareness

Critical Insight for Vendors

This report provides a view of diverse factors driving the federal cybersecurity market with market sizing for the Defense, Civilian, and Intelligence segments and spending by federal departments, their major information security activities, and how dollars flow across segments. The report provides recommendations to guide solutions providers in maximizing their market positioning to best take advantage of federal business opportunities.

Deltek’s Federal Information Security Market, 2015-2020 is delivered in PowerPoint® presentation format, including an Executive Briefing presentation summarizing the key findings and an Excel® workbook with data for the various forecasts and other key findings.

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Details

Federal Information Security Market, 2015-2020

Market Report

  • Pub Date: Oct 2015
  • Issued by: GovWin
  • Type: Market Report
  • Authors: John Slye Kyra Fussell
  • Pages: 171
  • Format: Zip
  • Cost: $3,900.00

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