Increasing Threats and Federal Resource Shortages Drive $13 Billion Investment In Cyber Security


Growth in Spending Driven by nearly 450 Percent Increase in Cyber Incidents Since 2006

Related Jobs: Cyber Security Jobs

RESTON, Va., Nov. 30, 2010 /PRNewswire/ — Driven by a 445 percent increase in cyber security incidents since 2006, the shortage of qualified security professionals, and an increasingly complex and interconnected technology environment, INPUT forecasts federal investment in information security to increase to $13.3 billion by 2015 at a compound annual growth rate of 9.1 percent, nearly twice the rate of overall federal IT spending.

"There is a general consensus that the government has a lot of work to do to address weaknesses in its cyber security," said John Slye, INPUT principal analyst. "Over the last year, federal agencies have seen a 78 percent growth in cyber incidents. This demand for increased information security is greater than any other current technology, leaving it more immune to the recent federal budget cuts."

INPUT's new report, Federal Information Security Market, 2010-2015, details the numerous trends, drivers, and policies shaping the cyber security market.

A primary driver of increased spending is the ongoing shortage of professionals with specialized cyber security skills. The rapid growth in this market has created a shortage of resources among the federal agencies to keep up with the demand. "While agencies continue to make incremental progress toward secure infrastructures; a lack of leadership, ambiguous roles, technical challenges, and workforce shortages inhibit the federal government from developing and implementing a cohesive, well-formed national cyber security strategy," said Angie Petty, INPUT principal analyst. "This creates a large opportunity for vendors to bring their combined agency knowledge and operational security expertise to the market."

The report helps in identifying and analyzing the trends and drivers impacting this market's growth, and outlines and sizes the following six major segments within the federal information security marketplace:

 — Security Operations
 — Planning, Policy and Program Management
 — Compliance
 — Identity and Access Management
 — Training, Education and Awareness
 — Infrastructure Security

INPUT will host a webinar led by Slye and Petty on Defining the Information Security Mission on Tuesday, December 7, 2010, at 2 p.m. EST. For more information, please visit http://InfoSecWebinar.input.com/.

Report Author: Slye and Petty are available for media inquires.

Report Availability: The Federal Information Security Market, 2010-2015 is available on INPUT's website at the following link: http://InformationSecurity.input.com

About INPUT

INPUT, the authority on government business, was acquired by Deltek in October 2010. Established in 1974, INPUT helps companies develop federal, state, and local government business and helps public sector organizations achieve their objectives. More than 2,000 member organizations, including small specialized companies, new entrants to the public sector, and the largest government contractors and agencies, rely on INPUT for the latest and most comprehensive government procurement services and market information, consulting, powerful sales management tools, and educational and networking events. For more information about INPUT, visit www.INPUT.com or call 703-707-3500.

Proper use of name is INPUT.

About Deltek

Deltek (Nasdaq: PROJ), which recently acquired Maconomy and INPUT, is the leading global provider of enterprise applications software and solutions designed specifically for project-focused businesses. For decades, we have enabled government contractors and professional services firms to automate mission-critical business processes around the engagement, execution and delivery of projects. Over 14,000 customers use our solutions to measure business results, optimize performance, streamline operations and win new business. For more information, visit www.deltek.com.

============

SOURCE INPUT
CONTACT: Sarah Childers, INPUT, +1-703-707-3561, media@input.com
Web Site: http://www.input.com

Advertisements

3 Comments

Filed under Uncategorized

3 responses to “Increasing Threats and Federal Resource Shortages Drive $13 Billion Investment In Cyber Security

  1. Laurie

    It would be cool if there was a cyber-security apprenticeship program. Or…something like Teach for America, except for cybersecurity. Have a few weeks of training at the outset, to teach folks to do the simple stuff the regular employees find tedious, then figure out a way to teach the rest of it on the job.

  2. Pingback: KEY ON IT » Federal Government’s Wake Up Call for CIOs

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s