Global IT Security Spending in Government sector 2016-2020 to grow at a CAGR of 9.02% MarketResearchReports.Biz announces addition of new report “ Global IT Security Spending in Government sector 2016-2020� to its database. Description About IT Security Spending in the Government Sector In 2015, the global IT security spending in the government sector was in its growth stage and many government organizations adopted IT security solutions to improve their business operations and productivity. Increasing instances of identity theft, cybercrime, and insider fraud as well as increasing opportunities for hackers are compelling organizations to adopt IT security solutions. The global IT security spending in the government sector in APAC is likely to grow rapidly because of the rise in bring -your-own-device (BYOD) and choose-your-own-device policies and mobility services. Cyber threats are creating vulnerabilities and posing a threat to critical IT infrastructure. Some vendors have started delivering IT security solutions for cloud, mobile, and social applications. New vendors offering customized products are likely to enter the market. Small and medium-sized businesses (SMBs) tend to prefer software as a service (SaaS)-based IT security solutions because they do not require any additional IT infrastructure on the end-users' premises. Organizations have to securely manage and track the activities of users to reduce the risk of data breaches and ensure accountability. Technavios analysts forecast the global IT security spending in the government sector to grow at a CAGR of 9.02% during the period 2016-2020. Covered in this report The report covers the present scenario and the growth prospects of the global IT security spending in the government sector for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of IT security products and IT security services in the government sector. The market is divided into the following segments based on geography: Americas APAC EMEA Technavio's report, Global IT Security Spending in the Government Sector Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report
Global it security spending in government sector 2016 2020
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