What is the market size for the ?

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What is the CAGR for the ?

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What is the growth rate of the market?

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Which region held the largest market share in the market?

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Who are the prominent players in the market?

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Global IT Security Spending in the Government Sector Market 2016-2020

Q: What is the market size for the ?

. <a href='https://www.technavio.com/report/global-it-security-spending-government-sector-market'>Read More</a>

Q: What is the CAGR for the ?

. <a href='https://www.technavio.com/report/global-it-security-spending-government-sector-market'>Read More</a>

Q: What is the growth rate of the market?

. <a href='https://www.technavio.com/report/global-it-security-spending-government-sector-market'>Read More</a>

Q: Which region held the largest market share in the market?

. <a href='https://www.technavio.com/report/global-it-security-spending-government-sector-market'>Read More</a>

Q: Who are the prominent players in the market?

. <a href='https://www.technavio.com/report/global-it-security-spending-government-sector-market'>Read More</a>

Published: Apr 2016
Pages: 53
SKU: IRTNTR8586

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Market outlook of the IT security spending in the government sector market

Technavio’s research analyst predicts the global IT security spending in the government sector market to grow at a CAGR of over 9% during the forecast period. The frequent occurrence of high profile data breaches is a key driver for this market. The increased dependency on web applications has led to an unprecedented rise in cyber-attacks, including advanced persistent threats (APTs). The high dependency on web applications for online purchases has increased identity thefts. With the emergence of social networking sites, it has become easy for attackers to extract users' information.

Technavio’s analysts anticipate that the high implementation cost of IT security solutions would pose a challenge for the market during the forecast period. A complete IT security solution requires software licensing, system design and customization, implementation, training, and maintenance. This demands high implementation cost of IT security solutions for government organizations, which is a key challenge restricting the growth of IT security spending in the government sector.