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News

Federal information security market report available

Research And Markets : 22 August, 2008  (New Product)
Report from Research and Markets identifies the top ten opportunities within the Federal information security market for IT security vendors
Research and Markets has announced the addition of the 'Top Opportunities in Federal Information Security Market - FY 2008' report to their offering.

The report summarizes the top ten information security related opportunities in the Federal government which are expected in FY 2008. These opportunities represent over $800 million in potential contract spending.

The federal IT security market remains in a state of flux, although FY 09 may bring changes with the announcement of a possible $6 billion cyber security project by the White House. Agencies are wrestling with flat security budgets, increasing vulnerabilities, shifts in security policies, and the lack of qualified agency IT staff. Possible restrictions on agency IT procurement included in the FY 08 omnibus bill, such as the need to seek Congressional approval before spending authorized IT funds, and having to submit expenditure plans for all IT acquisition projects to Congressional Committees, only increases the pressure on agency security programs, as an agency's IT security budget is often the first to be reappropriated to offset the cost of other operations.

Despite these challenges, there are opportunities. This report examines the top ten information security related opportunities in the Federal government which are expected in FY 2008. These opportunities represent just over $800 million in potential spending. We found that 80% of the top 10 opportunities are for recompete programs, revealing the current focus on steady operations. The listed opportunities represent some of the growth areas that do exist in the IT security market, such as network security, information assurance, incident response, and compliance services.
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