Thursday 12 February 2015, Amsterdam
TechNavio recognizes the following companies as the key players in the Cyber Security Market in the US Government : BAE Systems plc, General Dynamics Corp., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Co. , Boeing Co., Booz Allen Hamilton Inc., Computer Science Corp. , EMC Corp., F-Secure Corp., Hewlett-Packard Co., IBM Corp., Kaspersky Lab, L-3 Communications Corp., McAfee Inc., Microsoft Corp., SAIC Inc., Symantec Corp.
Commenting on the report, an analyst from TechNavio’s team said: “Some of the vendors, such as BAE Systems, Boeing, and Lockheed Martin, are introducing cyber security solutions that are specifically developed for the Defense sector. This is driving defense organizations in developed and developing countries to adopt such defense-specific security solutions to provide better security for their systems. This is likely to increase the market revenue, supporting the growth of the Cyber Security market in the US Government sector ”.
According to the report, the growth of the Cyber Security market in the US Government sector is driven by several factors, one such factor being the need to improve the quality of protection. As the frequency of attacks is on the rise, organizations are increasingly implementing cyber security solutions to efficiently monitor threats and provide enhanced protection. The quality of protection can also be improved by outsourcing security responsibilities to service providers with core expertise in this field.
Further, the report states that the Cyber Security market in the US Government sector is expected to grow at a significant rate during the forecast period because of the presence of several emerging trends. The introduction of defense-specific security solutions is one such trend. Some of the vendors in the market are introducing cyber security solutions designed specifically for the Defense sector. This is encouraging defense organizations in developed and developing nations to adopt these solutions to provide dedicated security for their defense information systems.
The report also includes a discussion of the other vendors operating in this market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.