Federal Cybersecurity Market Spending Forecast

   May 9, 2024  Posted in Cyber Security Ventures


09 May Federal Cybersecurity Market Spending Forecast

Posted at 08:30h
in Blogs
by Di Freeze
This week in cybersecurity from the editors at Cybercrime Magazine

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Sausalito, Calif. – May 9, 2024

Securing the federal technology landscape continues to present challenges for agencies large and small. Government-wide directives from the White House and Congress, along with evolving technology standards and acquisition rules, propel agency cybersecurity efforts and related procurements of supporting commercial solutions.

Deltek’s report, Federal Cybersecurity Market, 2023-2027, examines the trends and drivers shaping the federal cybersecurity marketplace and provides a forecast for the five-year period.

Driven by the numerous plans and initiatives aimed at enhancing agency cybersecurity postures across the federal government, Deltek forecasts the demand for vendor-supplied cybersecurity products and services by the U.S. federal government will increase from $15.8 billion in FY 2023 to $20.1 billion 2027.

Cybersecurity pundit Heather Engel joins our host and deputy editor Amanda Glassner on the Cybercrime Magazine Podcast to unpack the Deltek report.

Listen to the interview

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