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North America Cybersecurity Market size to record substantial gains by 2025

Author : Ronak Bora | Published Date : 2021-01-13 

The research document drafted on North America Cybersecurity Market provides an in-depth analysis on this industry with accurate details pertaining to its overall foothold in the global landscape and its application across major end-user industries and sectors.

North America cybersecurity industry, as per the given report, recorded a valuation of USD 65 billion in 2018, and is likely to exceed USD 118 Billion by 2025, exhibiting a growth rate of 8%. The report also envelops crucial information on the current market scenario, emerging technologies, expansive competitive landscape, industry strategies, future growth predictions, and market segmentations.

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It also offers an idea about vivid factors that would potentially drive the expansion of this industry over the stipulated time period, along with providing details of the ongoing trends that the North America cybersecurity industry is characterized by. The North American cybersecurity market has aptly been divided on basis of organization, product type, industry, regional, and competitive landscape.

The manufacturing sector is anticipated to exhibit an accelerated growth between 2019 and 2025, growing at a CAGR of over 5%. The advent of Industry 4.0 and the rapid adoption of digital business management tools, such as Enterprise Resource Planning (ERP), have made manufacturing enterprises prone to cyber-attacks. Manufacturing firms are deploying cybersecurity solutions to prevent disruption in their production facilities and reduce losses.

According to the analysis, the North America cybersecurity market is diversified into U.S., Canada and its analysis has been briefly addressed in the document. The report incorporates a study on various parameters contributing towards the growth of regional markets, along with the ongoing growth opportunities prevalent in every region, their growth rates over the projected timeframe, technologies used, regulatory reforms, and individual market share.

The North America cybersecurity market growth is attributed to the rapidly increasing demand for network security solutions for securing IoT-enabled devices. The increasing penetration of such devices and the rising trend of Bring-Your-Own-Device (BYOD) in business enterprises have profoundly surged the need for cybersecurity solutions in the region. According to the 2019 report published by the security firm Symantec, the U.S. ranked second in terms of IoT-related cyber-attacks in 2018, with over 11% of global IoT attacks originating in the country. This has further fueled the need for cybersecurity solutions.

The cybersecurity market in North America is highly concentrated and claims presence of vivid companies including BAE Systems, Check Point Software, Cisco Systems, Inc., CyberArk Software Ltd., F-Secure Corporation, F5networks, Inc., FireEye, Inc., Fortinet, Inc., Hewlett-Packard, Ltd., IBM Corporation, Intel Corporation, McAfee LLC, Microsoft Corporation, Oracle Corporation, Palo Alto Networks, Inc., Proofpoint Inc. Rapid7, RSA Security, LLC., Sophos Group plc, Splunk, Inc, Symantec Corporation, and Trend Micro, Inc. The research report lays emphasis on the sales spectrum of each of these companies, their strategies to maintain the foothold in the market, individual company profiles and market share, and position in the global ecosystem.

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[TOC Chapters]

Chapter 4. North America Cybersecurity Market Size (By Product), 2013 – 2024

  • Identity, Authentication and Access Management (IAAM)
    • Access Management
    • Identify Access Management
  • Infrastructure Protection
    • End Point Protection
    • Email/Web Gateway
    • Security Information and Event Management (SIEM)
    • Vulnerability Assessment
    • Cloud Security
    • Data Loss Prevention (DLP)
    • Others
  • Network Security
    • Internet Service Providers (ISPs)
    • Virtual Private Network (VPN)
    • Unified Threat Management
    • Firewall
  • Security Services
    • Implementation
    • Managed Security Services
    • Consulting & Training
    • Hardware Support
    • Others

Chapter 5. North America Cybersecurity Market Size (By Industry), 2013 – 2024

  • Banking
  • Government
  • Manufacturing
  • Transportation
  • IT & Telecom
  • Insurance
  • Securities
  • Others

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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