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What does federal spending in 2016 mean for the cybersecurity sector?

Discussion in 'CSO' started by RSS, Dec 17, 2015.

  1. RSS

    RSS New Member Member

    President Barak Obama included $14 billion for cyber security spending in his 2016 budget. A look at some key numbers and trends for 2016 reveals big opportunities for vendors who provide cyber products and services to federal agencies, and big challenges for federal agencies around recruiting and retaining cybersecurity staff.

    With a cumulative market valued at $65.5 billion (2015 – 2020), the U.S. Federal Cybersecurity market will grow steadily at about 6.2 percent CAGR, according to a report from Market Research Media. The report states “the annual cyber security spending of the US Federal government is bigger than any national cyber security market, exceeding at least twofold the largest cybersecurity spending countries.”

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