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Cyber Security Market Update: U.S. Government Pours Money Into Cyber Security Technologies and R&D
With a cumulative market valued at $55 billion (2010 - 2015), the U.S. Federal Cybersecurity market will grow steadily - at about 6.2% CAGR, this is forecast of a new market study "U.S. Federal Cybersecurity Market Forecast 2010-2015".
SAN FRANCISCO, CA, March 16, 2010 /24-7PressRelease/ -- U.S. Government pours money into cyber security technologies and R&D, creating a new set of business opportunities for cyber security technology vendors, - these are conclusions of a recently updated market study U.S. Federal Cybersecurity Market Forecast 2010-2015.
At the hearing of Subcommittee on Federal Financial Management, Government Information, Federal Services, and International Security "More Security, Less Waste: What Makes Sense for our Federal Cyber Defense", Senator John McCain said:
"The federal government relies heavily on complicated information systems for day-to-day operations. The risks posed to these systems have never been higher. Cybercrime and cyber espionage are on rise. Indeed, nation-states seek to exploit our government networks, to steal sensitive intelligence or intellectual property for military and industrial advantage."
"Recognizing these threats, the federal government is spending billions of dollars on information technology security each year. OMB estimates 6.2 Billion was spent in fiscal year 2008 alone, nearly 10% of entire cost of the federal IT investment portfolio."
With a cumulative market valued at $55 billion (2010 - 2015), the U.S. Federal Cybersecurity Market Forecast 2010-2015 will grow steadily - at about 6.2% CAGR over the next six years, this is forecast of a new quantitative landmark report "U.S. Federal Cybersecurity Market Forecast 2010-2015".
The report provides:
* Federal cyber security market by software, hardware, software services, personnel training;
* Federal cyber security market by technologies and R&D;
* Six-year detailed forecast for the period 2010-2015;
* Agency-by-agency detailed forecasts for both defense and civilian sectors;
* Cybersecurity market segments by investment type (National Security Systems, Mission Area Support, Infrastructure/Office Automation/Telecommunications, Enterprise Architecture and Planning).
Market Research Media has recently released another report covering one of the most exciting and promising cyber security segments - Deep Packet Inspection (DPI). According to a new market study "Deep Packet Inspection (DPI): U.S. Government Market Forecast 2010-2015", the DPI technology is in a very favorable position to emerge as a major line of cyber defense for years to come as the only technology that can deliver the goods.
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