Market Share of North America Cyber Security Industry
The North America cybersecurity market is fairly consolidated as it comprises several global and regional players. The key players are focusing on innovation in production technologies to improve efficiency. Moreover, players adopt strategic initiatives such as partnerships, mergers, and acquisitions.
In March 2022, Google Cloud announced it was acquiring cybersecurity firm Mandiant, a player in proactive SaaS-based security. The acquisition underscores the importance of security for all businesses, regardless of scale, as cybercrime is increasingly affecting all companies in the nation. The acquisition is all cash, valuing Mandiant at USD 23 per share in a deal worth USD 5.4 Billion. Mandiant will become a part of Google Cloud once the deal receives requisite stockholder and regulatory approvals.
In March 2022, HelpSystems declared that it had signed a merger agreement to acquire AlertLogic, a player in managed detection and response (MDR) services. The company's MDR solutions focus on reducing the intense pressure faced by organizations due to the increase in cyberattacks and the significant shortage of skilled professionals available to prevent and repair cyberattacks. Alert Logic will be the basis of HelpSystems' cybersecurity portfolio.
North America Cyber Security Market Leaders
Cisco Systems Inc.
Dell Technologies Inc.
FireEye Inc.
IBM Corporation
Fortinet Inc.
*Disclaimer: Major Players sorted in no particular order
