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Associated Press
04-04-2025
- Business
- Associated Press
United States Government Cybersecurity Industry Research 2024: A Strategic Roadmap to Navigate the Complexities of Federal Cybersecurity Procurement
DUBLIN--(BUSINESS WIRE)--Apr 4, 2025-- The 'Government Cybersecurity Sector, United States, 2023-2028" report has been added to offering. This study analyzes the significant increase in US government cybersecurity spending, driven by escalating geopolitical tensions. As cyberspace transforms into a modern battleground for covert warfare, state-backed Advanced Persistent Threat groups are launching sophisticated cyber operations to infiltrate government networks, steal sensitive information, and disrupt essential services. The US government finds itself highly vulnerable due to its aging IT infrastructure and the rapid digitalization of its services. This research examines the federal contracts for acquiring advanced cybersecurity tools, offering valuable insights for cybersecurity vendors looking to enter or expand their footprint in the government sector. It outlines the critical drivers, such as new regulatory compliance requirements as well as the restraints, including a shortage of skilled cybersecurity professionals. By understanding these dynamics, vendors can align their solutions to meet the government's urgent need for robust, scalable, and adaptive cybersecurity measures. For vendors aiming to secure government contracts, this study provides a strategic roadmap to navigate the complexities of federal cybersecurity procurement, highlighting opportunities for growth in an increasingly critical and less concentrated market. The study period is 2023-2028, with 2023 as the base year and 2024-2028 as the forecast period. Federal government agencies in focus are the Department of Defense, Department of Homeland Security, Department of the Treasury, Department of Health and Human Services, General Services Administration, and other US agencies. Key Topics Covered: Transformation in US Government Cybersecurity Why is it Increasingly Difficult to Grow? The Strategic Imperative The Impact of the Top 3 Strategic Imperatives on the US Government Cybersecurity Sector Ecosystem Scope of Analysis Glossary of Acronyms and Abbreviations Segmentation Competitive Environment Key Competitors Global Threats and US Response Increase in Global Cyberattacks US Geopolitical Tensions in Cyberspace US Geopolitical Tensions in Cyberspace - 2024 Elections US Geopolitical Tensions in Cyberspace - South China Sea The Growing Risks of Health Data Offensive Cybercapabilities US Cyberresponse Strategies - The Kaspersky Case US Cyberresponse Strategies - Creation of CISA US Cyberresponse Strategies - The New National Security Memorandum (NSM) Collaborative Cybersecurity Initiatives Joint Cyber Defense Collaborative (JCDC) Silicon Valley Innovation Program (SVIP) CISA Public-Private Collaboration Councils and Committees National Security Innovation Network (NSIN) Defense Innovation Unit (DIU) Growth Generator in US Government Cybersecurity Growth Metrics Growth Drivers Growth Restraints Forecast Considerations Spending Forecast Spending Forecast by Federal Agency Spending Forecast Analysis Share of Spending Allocation - Federal Agencies Share of Spending Allocation - Federal Sub-agencies Contract Revenue Share Contractor Trends and Market Share Analysis Top Contractors and Market Participants Top Federal Cybersecurity Contractors GDIT Booz Allen Hamilton Lockheed Martin Jacobs Technology Deloitte Northrop Grumman CENTERPOINT (Gunnison Consulting Group) Accenture Federal Services The MITRE Corporation Iron Vine Security (ASGN) Other Notable Contractors in FY 2023 Growth Generator, DoD Growth Metrics Spending Forecast Share of Spending Allocation - DoD Sub-agencies Contract Revenue Share Forecast Analysis Growth Generator, DHS Growth Metrics Spending Forecast Share of Spending Allocation - DHS Sub-agencies Contract Revenue Share Forecast Analysis Growth Generator, USDT Growth Metrics Spending Forecast Share of Spending Allocation - USDT Sub-agencies Contract Revenue Share Forecast Analysis Growth Generator, HHS Growth Metrics Spending Forecast Share of Spending Allocation - HHS Sub-agencies Contract Revenue Share Forecast Analysis Growth Generator, GSA Growth Metrics Spending Forecast Share of Spending Allocation - GSA Sub-agencies Contract Revenue Share Forecast Analysis Growth Generator, Other Agencies Growth Metrics Spending Forecast Share of Spending Allocation - Other Agencies Share of Spending Allocation - Other Sub-agencies Contract Revenue Share Forecast Analysis Growth Opportunity Universe Growth Opportunity 1: Cybersecurity Training Growth Opportunity 2: Data Protection Growth Opportunity 3: Zero-trust Architecture Appendix & Next Steps For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. View source version on CONTACT: Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 KEYWORD: UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: SECURITY DEFENSE TECHNOLOGY GOVERNMENT TECHNOLOGY NETWORKS INTERNET SOURCE: Research and Markets Copyright Business Wire 2025. PUB: 04/04/2025 07:22 AM/DISC: 04/04/2025 07:21 AM
Arab Times
22-02-2025
- Business
- Arab Times
KIB honors winners of its H.I. Innovation Program with a grand closing ceremony
KUWAIT CITY, Feb 22: Kuwait International Bank (KIB) successfully concluded its ground-breaking H.I. Innovation Program, announcing the winners at a grand closing ceremony. The event, held at Courtyard Kuwait City – Al Raya Ballroom, brought together university students, industry leaders, and banking professionals to celebrate innovation, creativity, and the future of financial solutions in Kuwait. The ten-week program, held in partnership with VISA, SIA Partners and five local prestigious universities, exemplifies KIB's dedication to nurturing young talent and promoting a culture of innovation within the community in which it operates. This initiative directly supports the Bank's social responsibility efforts as part of its overarching Environmental, Social, and Governance (ESG) strategy. The ceremony featured a judging panel with distinguished industry experts, including Mohamed Reyad, Country Head from Visa, Roberto Wyszkowski, Partner & Growth and Innovation Team Leader from SIA Partners, Mohamed El Shareef, General Manager of the Digital Innovation and Data Intelligence Department at KIB, Abdullah Al Awadi, General Manager of Strategy Department at KIB, and Fahad Al Bader, General Manager of the Operations Department at KIB. The much-anticipated announcement of the winning projects captivated the audience, as they showcased exceptional creativity, strong feasibility, and a transformative impact on the banking sector. The winners, which included Abdulrahman Almutairi, Jana Hadwan, Noor Tahat and Nour Mansour from the Gulf University for Science and Technology (GUST), impressed the judges with their ground-breaking project, Murshid, a cutting-edge solution designed to elevate customer engagement at KIB. The event's stage design mirrored the grandeur of international competitions, featuring an impressive panel setup. The audience of 100 guests witnessed a night of engaging presentations, insightful discussions, and inspiring success stories. A highlight of the ceremony was the Student Journey Video, showcasing the participants' hard work, dedication, and growth throughout the program. The professionally produced film captured key moments, behind-the-scenes footage, and testimonials, leaving a lasting impression on attendees. Commenting on the event, El Shareef said: 'The creativity and ingenuity demonstrated by the participants were truly remarkable, and we are proud to have provided a platform for these future leaders to shine. Their achievement underscores KIB's commitment to fostering young talent and driving forward-thinking innovation in the financial industry. The H.I. Innovation Program reflects the Bank's dedication to empowering young minds, and cultivating a forward-thinking culture within Kuwait's banking sector.' The H.I Innovation Program spanned over a period of ten weeks, allowing teams from the five participating universities, including Australian University, American University of Kuwait, Gulf University for Science & Technology, Kuwait College of Science & Technology, and College of Business Administration – Kuwait University, to solve real-world challenges faced by the banking sector. Designed to bridge the gap between academia and the business world, the program offered a unique prospect to develop practical skills and gain valuable industry experiences. The students had the opportunity to work closely with innovation coaches and mentors from SIA Partners to develop innovative solutions to pressing business problems. El Shareef noted that the H.I. Innovation Program stands as a testament to KIB's unwavering commitment to progress, serving as a dynamic platform to empower the next generation of innovators, cultivate forward-thinking mindsets, and deliver sustainable financial solutions that evolve with customers' ambitions. By empowering Kuwait's future trailblazers and fostering ground-breaking ideas, the Bank is reinforcing its role in driving a more sustainable and resilient financial ecosystem in Kuwait, thus strengthening its position as one of the leaders in the Islamic banking sector. El Shareef added: 'The H.I. Innovation Program reflects our deep commitment to developing future banking solutions and fostering a culture of innovation both within and beyond the Bank. We take great pride in the program's achievements, as it provides participants with a valuable opportunity to bring their ideas to life while serving as a platform for deeper engagement with the next generation of innovators. The students have demonstrated exceptional capabilities in presenting innovative solutions that address the challenges facing the banking sector, reinforcing our vision of enhancing sustainable banking and elevating service excellence.' It is worth noting that KIB remains committed to supporting the next generation of financial innovators through initiatives that encourage entrepreneurship, technological advancement, and strategic problem-solving. With the success of this year's H.I. Innovation Program, the Bank looks forward to continuing its mission of driving meaningful change in the banking industry, in line with its main slogan 'Bank for Life'.
Zawya
21-02-2025
- Business
- Zawya
Ajman Chamber organizes the "Innovation Program" and "Innovation Lab" for the private sector
Ajman Chamber has organized the "Innovation Program" and the "Innovation Lab" as part of the UAE Innovation Month "UAE Innovates 2025". Employees of Ajman Chamber and members of youth councils from the Department of Economic Development in Ajman (Ajman DED), the Department of Land and Real Estate Regulation in Ajman, and the Transport Authority participated in the "Innovation Program." A group of Ajman Chamber members from companies and factories took part in the "Innovation Lab." Maryam Al Nuaimi, head of the UAE Innovation Month team at the Ajman Chamber, praised the comprehensiveness of the Innovation Program and the diversity of its practical and theoretical activities. The program presented a set of challenges in work environments, discussed their causes, and developed appropriate solutions through the program participants. She stressed that the participation of youth councils in the program contributes to building bridges of cooperation, developing relationships, and enhancing the exchange of experiences, which contributes to creating a dynamic environment that encourages innovation and creativity. The "Innovation Lab" event, with the participation of private sector establishments, included many workshops and interactive sessions that highlighted the importance of creative thinking, teamwork, and the role of innovations and the use of modern technologies to increase productivity in private sector establishments. The challenges facing companies were also reviewed and innovative solutions were proposed to enhance competitiveness and achieve sustainable development. "Ajman Chamber was keen to diversify the activities of Innovation Month in cooperation with its employees, youth councils in the emirate, and Ajman Chamber members from private sector establishments. This effort aims to promote an innovation-driven environment, consolidate the concepts of creativity across sectors, encourage the use of artificial intelligence technologies, and provide an interactive platform to explore solutions that keep pace with the latest developments, support digital transformation, and enhance the private sector's competitiveness," Al Nuaimi added.
