Information Security Spending by U.S. Federal Government to Reach $9.6 B

Sep 23, 2008

Information Security contract spending by the U.S. federal government will grow at a 7.9% five-year compounded annual growth rate, from $6.6 billion in 2008 to $9.6 billion by 2013, according to INPUT. According to the study, growth in information security spending will outpace growth in overall federal IT spending due to the government’s continued need to address fundamental information security challenges at all levels. Security Operations is the largest segment of the information security market and the strongest area for future growth. Vendors offering security operations products and services, such as managed security services, patch management, and intrusion detection and response, stand to benefit over the next few years. Other key areas of anticipated investment, FISMA and HSPD-12 compliance, and Identity and Access Management, will also drive major growth over the next several years, according to the study.