Market Research Report
North American Cyber Security Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||942974|
Delivery time: 2-3 business days
|North American Cyber Security Market 2019-2025|
|Published: February 24, 2020||Content info:||
North American Cyber Security Market Size, Share & Trends Analysis Report by Type (Network Security, Application Security, Mobile Security, Wireless Security, Cloud Security, and Others), by Solutions (Risk and Compliance Management, Identity and Access Management, Data Loss Protection, Firewall, Unified Threat Management, Encryption, Antimalware and Antivirus, DDOS mitigation, Others), and by Vertical (Government, Aerospace & Defense, BFSI, Telecommunication, Healthcare, Retail, and Others) Forecast Period 2019-2025
North American Cyber Security market is growing at a CAGR of around 9.9% during the forecast period. The US and Canada are the major economies in the region. North American cyber security market is expected to grow at a fast pace owing to its well-developed information communication technology (ICT) infrastructure and the larger number of threats associated with it. North America is one of the leading economies of the world with a cumulative GDP of approximately $22.2 trillion in the year 2017.
The economic strength and well-established technology infrastructure support the growth of the North American cyber security market. The increasing number of cyber-attacks along with increasing internet penetration rates in the region is estimated to be one of the major factors that are driving the growth of the North American cyber security market. Moreover, the presence of a large number of mobile phone users and other electronic device users in the region are also estimated to have a significant impact on the growth of the market along with the growth of social media users in the region.
The key companies operating in the North American cyber security market include IBM, Google, Microsoft, Facebook, Twitter, Apple and other major companies. Additionally, the US is the nation of most of the key players of cyber security market. Several companies such as IBM Corporation, RSA Security, Cisco Systems, Inc., Palo Alto Networks and so forth are headquartered in the US. These companies are the key players contributing to cyber security market and their presence is estimated to fuel the growth of the market. The major motivators of cyber security market in the region are increasing internet penetration and the rising trend of smartphones.
Additionally, the rising trend of smartphones and tablets is augmenting the demand for cyber security market in the region. The increasing number of smartphone users leads to increasing data traffic, and risk of cyber-security attacks, as smartphones and tablets are less secured as compared to other electronic devices such as PCs and Laptops. Therefore, it is estimated to augment the demand the cyber security tools in the market.
The market study of the North American Cyber Security market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
The Report Covers: