Cybersecurity in Government Market to reach $356.7 Billion by 2030; The growing adoption of emerging technologies such as AI, IoT, and cloud computing, the need for advanced threat detection and response systems, increasing cyber regulations, and the

The Cybersecurity in Government Market size is estimated to reach $356.7 Billion by 2030, growing at a CAGR of 14.0% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Cybersecurity in Government Market – By Type ( Federal/National, State Government, Local Government and Others), By Solutions ( Identity Access Management, Risk and compliance Management, Encryption, Unified Threat Management, Intrusion Detection System/Intrusion Prevention System and Others), By End User (Department of Commerce, Department of Defense, Department of Energy, Department of Health and Human Services, Department of Homeland security, Department of Justice, Department of Treasury and Others) and By Geography - Opportunity Analysis & Industry Forecast, 2024-2030.

Rising cybercrime is significantly driving the market as governments face increasing threats from cybercriminals targeting sensitive data and systems. Additionally, the need for critical infrastructure protection is propelling market growth, as governments prioritize securing vital sectors such as energy, transportation and healthcare from cyberattacks.

In 2023, the North America region held the largest share of 39% in the Cybersecurity in Government Market, driven by the United States' ongoing commitment to strengthening its Cybersecurity in Government defenses. In January 2024, the Biden administration unveiled efforts to establish a comprehensive cybersecurity strategy as part of its national security approach. This strategy aims to address the evolving cyber threat landscape, emphasizing the ideological, geopolitical, technological and diplomatic implications of cybersecurity in a rapidly changing domain. The U.S. government has been taking significant steps to implement these initiatives, which have further fueled the demand for advanced cybersecurity solutions. The ongoing efforts to modernize and secure critical government infrastructure have led to a surge in investments in cybersecurity technologies. This includes the adoption of frameworks like Zero Trust Architecture, improvements in threat detection and increased funding for both federal and state-level cybersecurity programs. These initiatives are central to the U.S. government's strategy to combat growing cyber risks positioning North America as a dominant force in the global government Cybersecurity in Government market.

Rising cybercrime and state-sponsored attacks are major factors driving the growth of the government Cybersecurity in Government market. As cybercriminals and nation-states continue to evolve their tactics, government agencies are facing increasing threats to critical infrastructure, sensitive data and national security. The threat landscape is expanding, with cyberattacks becoming more sophisticated and widespread. One notable example is a September 2024 advisory from the Cybersecurity in Government and Infrastructure Security Agency (CISA), which highlighted the persistent risk of attacks on government-run water systems. According to the report, both cybercriminals and nation-state actors are actively targeting critical sectors such as Water and Wastewater Systems (WWS) exploiting vulnerabilities in internet-accessible operational technology (OT) and industrial control systems (ICS) devices. This rising threat is prompting governments to invest heavily in advanced cybersecurity solutions to protect essential services, secure data and safeguard national infrastructure ultimately fueling the demand for enhanced Cybersecurity in Government technologies and strategies.

The protection of critical infrastructure is a major factor driving the growth of the government Cybersecurity in Government market, as cyberattacks increasingly threaten essential systems and services. Safeguarding critical infrastructure, such as industrial control systems (ICS) and operational technology (OT), has become a top priority for governments around the world. A May 2024 report by Security Week revealed a series of cyberattacks carried out by pro-Russia hacktivists targeting ICS and OT systems. In response, government agencies from the United States, Canada and the United Kingdom have issued guidance to critical infrastructure organizations to strengthen their Cybersecurity in Government measures. These incidents highlight the vulnerabilities in critical sectors and emphasize the need for enhanced security solutions, fueling the demand for advanced Cybersecurity in Government technologies in the government sector. Governments are now prioritizing investments in threat detection, incident response, and resilient infrastructure to better protect critical systems from future cyber threats, further driving market growth. As a result, the demand for robust Cybersecurity strategies continues to rise as the risk to national security grows.

Key companies profiled in the Cybersecurity in Government Market are Lockheed Martin, Northrop Grumman, Cisco Systems Inc., Fortinet Inc., Microsoft Corporation, CrowdStrike, Palantir Technologies, IBM Security, McAfee, Palo Alto Networks and others.

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