Research Firm Predicts Federal Cyber-Security Market Surpassing $10.5 Billion by 2015

Market Research Media claims that rampant cyber-attacks and the White House's progressive stance on IT security research and development will grow cyber-security spending at a compound annual rate of about 6.2 percent in the next six years.

The share of cyber-security spending in total federal IT spending will grow from 10.5 percent in 2010 to 11.3 percent in 2015. The largest spenders in civilian agencies will be the departments of Health and Human Services, Homeland Security, Treasury, Transportation, Veterans Affairs and Justice. Total federal cyber-security spending from 2010 to 2015 is expected to reach $55 billion. The top categories for IT investment type are national security, mission area support, office automation and communications. Strong growth is expected in offensive cyber-warfare, and IP traffic surveillance and monitoring. A lack of qualified staff and agency turf wars may threaten deployment of IT solutions in the federal space. The company also reports that foreign adversaries see Americans' dependency on IT as an opportunity to find exploitable weaknesses. More detailed data on these findings can be found in a Market Research Media report on the data, which is available for nearly $4,000 for a single user license, and nearly $6,000 for a global user license.