Research and Markets: US Gov’t Cyber Market to Grow 7% by 2018

Research and Markets has released a new report that projects the cybersecurity market for U.S. federal agencies to grow 7.41 percent in value by 2018.

The report covers the period of 2014 through 2018 and consideres the revenue from the sales of cybersecurity services to the Department of Homeland Security, Defense Department and the U.S. intelligence community, Research and Markets said Thursday.

BAE Systems, Boeing and Lockheed Martin are among the market players that Research and Markets identified in the report.

Research and Markets also discusses market drivers and challenges in the report, which highlights trends in the cybersecurity market.