North America Cyber Security Market - By Type of Security (Network Security, End Point Security, Application Security, Cloud Security, Wireless Security), Solution (IAM, DLP, SVM, IPS, UTM, Enterprise Risk and Compliance,Managed Security Services),

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Market Insights

The North American cyber security market was estimated at USD 24.62 billion in 2015 and is projected to reach USD 53.34 billion by 2020, at a CAGR of 16.73% over the forecast period. Many of the critical infrastructure components are completely dependent on IT systems as it provides the foundation for information exchange for sectors like voice, data, video, and internet connectivity. As such, IT systems are a part of other key security and emergency preparedness resources and are an important component of the overall national critical infrastructure. Cyber-infrastructure protection and security are impending matters in the international security environment.

Market Dynamics

With technological advancements exponentially rising in the IT industry, new security challenges are required to be addressed. After Edward Snowden exposed the snooping activities of global communication channels, many nations were jolted over their security situation and raised concerns over the USA’s act of massive surveillance. Information warfare, which is the competitive use of information in survival contests, has been a pervasive feature of conflict since the beginning of recorded history.

The advent of digital technologies for collection, storage, analysis, and distribution of information has created a world of insecurity, providing numerous new opportunities in the North American cyber security market. According to recent white paper reports, data breaches significantly impact consumer confidence. In the case of one major breach, for example, most of the cloud-based companies saw a 46% drop in profit in the quarter after the breach occurred. Cyber threat has become a major challenge for startups and e-commerce companies, which are completely based on cloud systems. Banking and financial sectors will be the fastest growing in North America, with the US prioritizing cyber security and allocating a much higher budget to deal with threats. Many countries are following the US in taking actions related to national security, forecasting the market to show positive growth.

Market Segmentation

The North America cyber security market is segmented by security type (network, cloud, end-point, application, wireless network, etc.); by industry (aerospace, defense, intelligence, banking, financial services and insurance sector, healthcare, retail, manufacturing, etc.); by solution (IAM, DLP, SVM, IPS, UTM, enterprise risk and compliance, managed security services, etc.) and regionally (US, Canada and others).

Competitive Environment

The report includes competitive assessment of market players, profiles, products and services, business strategies, recent developments and innovation, market landscape, future trends and forecasts, and mergers & acquisitions. The major companies dominating this market for their products, services, and continuous product developments are:

  • IBM
  • Cisco Systems Inc.
  • Dell Root 9B
  • Herjavec
  • Check Point Software Technologies Ltd.
  • Palo Alto Networks
  • Symantec Corp
  • Trend Micro Inc.
  • Fortinet Inc.
  • FireEye Inc.
  • Proofpoint
  • Imperva Inc.
  • CyberArk Software Ltd.
  • AVG Technologies

Key Deliverables in the Study

  • Market analysis for the North America cyber security market, with region specific assessments and competition analysis on global and regional scales.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market shares.
  • Identification and analysis of the macro and micro factors that affect the North America cyber security market on both global and regional scales.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insight into the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights into the major countries/regions in which this industry is growing and identifying the regions which are still untapped.

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