Federal Cybersecurity Market, 2023-2027
Published: October 27, 2023
Deltek's Federal Cybersecurity Market, 2023-2027 examines the trends and drivers shaping the federal cybersecurity marketplace and provides a forecast for the next five years.
Securing the federal technology landscape continues to present challenges for agencies large and small. Persistent threats, lingering vulnerabilities, coordinated attacks, rapidly evolving technologies and complex information environments places safeguarding federal information and networks among the highest of government priorities. Agency cybersecurity postures are tested by complex, hybrid IT environments consisting of legacy systems, modern cloud deployments and emerging technologies operating across a mix of government-owned and commercially-provided infrastructure. Growing demand for greater digital government services, mobile capabilities, cloud-based applications and advanced computational technologies – such as data analytics and artificial intelligence – presents agencies with multifaceted security challenges and potential leapfrog opportunities. Government-wide directives from the White House and Congress, along with evolving technology standards and acquisition rules, propel agency cybersecurity efforts and related procurements of supporting commercial solutions.
Driven by the numerous plans and initiatives aimed at enhancing agency cybersecurity postures across the federal government, Deltek forecasts the demand for vendor-supplied cybersecurity products and services by the U.S. federal government will increase from $15.8 billion in FY 2023 to $20.1 billion in FY 2027.
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 cybersecurity 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 cybersecurity 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 Cybersecurity Market, 2023-2027 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.
FEDERAL CYBERSECURITY MARKET, 2023-2027
TABLE OF CONTENTS
Federal Cybersecurity Market Drivers
Spending Trends and Install Base
Conclusions and Recommendations