Market Overview:
The global IT security spending in government market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into internet security, endpoint security, wireless security, and cloud security. Internet Security held a major share in 2017 and is expected to maintain its dominance during the forecast period as well. However, cloud security is projected to grow at a higher CAGR than other segments during the forecast period owing to an increase in adoption by government organizations for secure data storage and communication needs. On the basis of application, government held a major share in 2017 and it is expected that this trend will continue during the forecast period as well.
Product Definition:
IT security spending in government is important because it helps protect the citizens of that country and their data. It also helps to secure the government's own systems and information.
Internet Security:
The global information technology security spending in government market size was valued at USD 11.83 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. Government organizations are increasingly using IT systems for critical business operations, which has led to an increase in the number of cyberattacks on these systems as well as data privacy and security concerns for users accessing these systems remotely via internet connections.
Endpoint Security:
Endpoint security and it’s usage in IT security spending in government market is a new term that has entered the cybersecurity vernacular. It basically means protecting the endpoints or devices that are connected to a network, such as laptops, smartphones, tablets PCs and servers. The rise of BYOD (Bring Your Own Device) trend has increased the number of threats to corporate data owing to an increase in portable computing device use by employees.
Application Insights:
The government application segment led the global IT security spending in 2017 and is projected to maintain its dominance over the forecast period. The increasing need for improving online security against cyber-attacks, data breaches, and other vulnerabilities has resulted in a significant increase in government sector spending on IT security solutions.
Government organizations are particularly prone to attacks from malicious users with ill intentions who wish to penetrate their networks or obtain sensitive information. As a result, they have adopted robust measures such as multi-factor authentication for user access control and mandatory training of employees & contractors handling confidential data. Furthermore, they are increasingly deploying cloud services which offer enhanced flexibility but also increase exposure to risks associated with digital assets including e-mail accounts & files, documents stored in public accessible directories etc.
Regional Analysis:
North America dominated the global market in 2017, with a revenue share of over 35.0%. The growth can be attributed to the presence of prominent players such as Cisco Systems, Inc., Trend Micro Inc., and Avast Software s.r.l.; increasing government regulations; and rising cybercrimes across various sectors in this region.
Growth Factors:
- The continued increase in cyber-attacks and data breaches, which has led to an increased focus on information security by government organizations.
- The need to comply with new and updated regulations, such as the General Data Protection Regulation (GDPR) in Europe and the Health Insurance Portability and Accountability Act (HIPAA) in the United States, that require specific security measures be implemented.
- The growing use of cloud computing services by government organizations, which increases the risk of data breaches due to vulnerabilities inherent in these services.
- The increasing number of connected devices used by government organizations (the "Internet of Things"), which creates more opportunities for hackers to exploit vulnerabilities in order to gain access to sensitive data or systems.
- The expansion of digital services offered by government organizations, such as online tax filing or driver's license renewals, which increases the number of potential targets for cyber-attacks
Scope Of The Report
Report Attributes
Report Details
Report Title
IT Security Spending in Government Market Research Report
By Type
Internet Security, Endpoint Security, Wireless Security, Cloud Security
By Application
Government, Military, Financial Authority, Others
By Companies
Check Point Software Technologies, Cisco Systems, Fortinet, Juniper Networks, Arbor Networks, Barracuda Networks, Dell SonicWall, F5 Networks, FireEye, Palo Alto Networks, Sophos, Trend Micro
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global IT Security Spending in Government Market Report Segments:
The global IT Security Spending in Government market is segmented on the basis of:
Types
Internet Security, Endpoint Security, Wireless Security, Cloud Security
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Government, Military, Financial Authority, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Check Point Software Technologies
- Cisco Systems
- Fortinet
- Juniper Networks
- Arbor Networks
- Barracuda Networks
- Dell SonicWall
- F5 Networks
- FireEye
- Palo Alto Networks
- Sophos
- Trend Micro
Highlights of The IT Security Spending in Government Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Internet Security
- Endpoint Security
- Wireless Security
- Cloud Security
- By Application:
- Government
- Military
- Financial Authority
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the IT Security Spending in Government Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
IT security spending in government is a growing trend as organizations realize the importance of protecting their data and networks. In 2017, IT security spending in government reached $24.5 billion, an increase of 5% from 2016. This growth is likely due to increased awareness of cyber threats and the need to protect critical infrastructure such as hospitals and schools.
Some of the major players in the it security spending in government market are Check Point Software Technologies, Cisco Systems, Fortinet, Juniper Networks, Arbor Networks, Barracuda Networks, Dell SonicWall, F5 Networks, FireEye, Palo Alto Networks, Sophos, Trend Micro.
The it security spending in government market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 IT Security Spending in Government Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 IT Security Spending in Government Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 IT Security Spending in Government Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the IT Security Spending in Government Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global IT Security Spending in Government Market Size & Forecast, 2018-2028
4.5.1 IT Security Spending in Government Market Size and Y-o-Y Growth
4.5.2 IT Security Spending in Government Market Absolute $ Opportunity
Chapter 5 Global IT Security Spending in Government Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 IT Security Spending in Government Market Size Forecast by Type
5.2.1 Internet Security
5.2.2 Endpoint Security
5.2.3 Wireless Security
5.2.4 Cloud Security
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global IT Security Spending in Government Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 IT Security Spending in Government Market Size Forecast by Applications
6.2.1 Government
6.2.2 Military
6.2.3 Financial Authority
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global IT Security Spending in Government Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 IT Security Spending in Government Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America IT Security Spending in Government Analysis and Forecast
9.1 Introduction
9.2 North America IT Security Spending in Government Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America IT Security Spending in Government Market Size Forecast by Type
9.6.1 Internet Security
9.6.2 Endpoint Security
9.6.3 Wireless Security
9.6.4 Cloud Security
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America IT Security Spending in Government Market Size Forecast by Applications
9.10.1 Government
9.10.2 Military
9.10.3 Financial Authority
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe IT Security Spending in Government Analysis and Forecast
10.1 Introduction
10.2 Europe IT Security Spending in Government Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe IT Security Spending in Government Market Size Forecast by Type
10.6.1 Internet Security
10.6.2 Endpoint Security
10.6.3 Wireless Security
10.6.4 Cloud Security
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe IT Security Spending in Government Market Size Forecast by Applications
10.10.1 Government
10.10.2 Military
10.10.3 Financial Authority
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific IT Security Spending in Government Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific IT Security Spending in Government Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific IT Security Spending in Government Market Size Forecast by Type
11.6.1 Internet Security
11.6.2 Endpoint Security
11.6.3 Wireless Security
11.6.4 Cloud Security
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific IT Security Spending in Government Market Size Forecast by Applications
11.10.1 Government
11.10.2 Military
11.10.3 Financial Authority
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America IT Security Spending in Government Analysis and Forecast
12.1 Introduction
12.2 Latin America IT Security Spending in Government Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America IT Security Spending in Government Market Size Forecast by Type
12.6.1 Internet Security
12.6.2 Endpoint Security
12.6.3 Wireless Security
12.6.4 Cloud Security
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America IT Security Spending in Government Market Size Forecast by Applications
12.10.1 Government
12.10.2 Military
12.10.3 Financial Authority
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) IT Security Spending in Government Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) IT Security Spending in Government Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) IT Security Spending in Government Market Size Forecast by Type
13.6.1 Internet Security
13.6.2 Endpoint Security
13.6.3 Wireless Security
13.6.4 Cloud Security
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) IT Security Spending in Government Market Size Forecast by Applications
13.10.1 Government
13.10.2 Military
13.10.3 Financial Authority
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 IT Security Spending in Government Market: Competitive Dashboard
14.2 Global IT Security Spending in Government Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Check Point Software Technologies
14.3.2 Cisco Systems
14.3.3 Fortinet
14.3.4 Juniper Networks
14.3.5 Arbor Networks
14.3.6 Barracuda Networks
14.3.7 Dell SonicWall
14.3.8 F5 Networks
14.3.9 FireEye
14.3.10 Palo Alto Networks
14.3.11 Sophos
14.3.12 Trend Micro
