Federal Information Security Market, 2019-2024

Constantly-evolving threats, unending attacks, rapid technological change, pervasive interconnectivity, and an increasing dependence on technology and data make securing federal information and infrastructure a national imperative. White House policy directives, legislative requirements, and evolving technology solutions are converging to drive agency cybersecurity strategies and procurements. The threats – both external and internal – to applications, systems and data continue to grow in frequency, scope and sophistication further driving the demand for effective cybersecurity approaches and processes.

Complex federal IT environments, where legacy IT operates alongside modern and emerging technologies, pose challenges to effective threat mitigation. Growing demand for mobile solutions, cloud-based technologies and the desire to employ emerging technologies such as machine learning and artificial intelligence further challenge agencies to not only identify existing security vulnerabilities, but to also prepare a security framework that can support future requirements.

Driven by the federal government’s plans and efforts to enhance agency cybersecurity posture at every possible level, Deltek forecasts the demand for vendor-furnished information security products and services by the U.S. federal government will increase from $11.9 billion in FY 2019 to $15.4 billion in FY 2024 at a Compound Annual Growth Rate (CAGR) of 5.3%.

Key Findings

Market Segments

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

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 solution providers in maximizing their market positioning to best take advantage of federal business opportunities.

Deltek’s Federal Information Security Market, 2019-2024 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.