Global Federal Cyber Security Market Overview:
The threat landscape has crossed over from the digital to the physical world, as evidenced by recent escalating ransomware assaults against vital infrastructure. New cybersecurity measures should focus on securing both systems and data, as the US Federal government continues to invest in hybrid cloud. Cyber security software is a computer programme that aids in improving a computer's, systems, or network's overall information security. It aids in the prevention of infiltration, illegal resource use, hacker attacks, and other threats to computer systems. As soon as it detects any risks in a computer system or network, cyber security software notifies the user.
- Increasing Targeted Cyber Attacks against Federal Agencies
- Rise of Ransomware
- High Cost of Implementation and Maintenance
- Increasing Data Breaches in Aerospace Defence
- Growing Adoption of IoT security
- Design and Integration Difficulties to Deploy Cybersecurity Solutions
The demand for Federal Cyber Security is increasing. Businesses in this sector face global competition from market leaders who control a large share of the market. Companies are differentiating their products from competition by employing environmentally friendly materials and manufacturing techniques. The Leading Players are engaging in strategic global expansion to maintain their Market Position. Players are expected to focus on the creation of new compounds, which would likely drive the worldwide market forward over the forecast period.
Some of the key players profiled in the report are IBM (United States), Microsoft Corporation (United States), Deloitte US (United States), Accenture (Ireland), Oracle Corporation (United States), Cisco Systems (United States), Check Point Software Technologies (Israel), Palo Alto Network (United States), CrowdStrike (United States) and FireEye (United States). Additionally, following companies can also be profiled that are part of our coverage like Fortinet (United States), Splunk Technology (United States) and AT&T Cybersecurity (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Federal Cyber Security market by 2026. Considering Market by Deployment, the sub-segment i.e. Cloud-Based will boost the Federal Cyber Security market. Considering Market by Features, the sub-segment i.e. Integrated endpoint detection and response will boost the Federal Cyber Security market. Considering Market by Component, the sub-segment i.e. Hardware will boost the Federal Cyber Security market.
Latest Market Insights:
In April 2020 Accenture had announced the acquisition of Broadcom’s Symantec Security Business. Accenture Security's position as one of the world's leading providers of managed security services is strengthened by the acquisition, which expands the company's ability to assist organisations in anticipating, detecting, and responding to cyber threats.
What Can be Explored with the Federal Cyber Security Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Federal Cyber Security Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Federal Cyber Security
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Federal Cyber Security market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Federal Cyber Security market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Software Traders/Distributors and End-use industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Federal Cyber Security Market?
The Federal Cyber Security market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Federal Cyber Security Market?
Top performing companies in the Global Federal Cyber Security market are IBM (United States), Microsoft Corporation (United States), Deloitte US (United States), Accenture (Ireland), Oracle Corporation (United States), Cisco Systems (United States), Check Point Software Technologies (Israel), Palo Alto Network (United States), CrowdStrike (United States) and FireEye (United States), to name a few.
3. What trending factors would impact Federal Cyber Security Market growth most?
"Rising Adoption of AI and Machine Learning for Threat Detection" is seen as one of major influencing trends for Federal Cyber Security Market during projected period 2020-2026.