North America Cyber Security Market Growth, Size, Trends, Revenue, Share and Future Outlook
North America Cyber Security Market Size- By Product Type, By Deployment, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Feb-2024 | Report ID: IACT2436 | Pages: 1 - 152 | Formats*: |
| Category : Information & Communications Technology | |||
North America Cyber Security Market Introduction and Overview
According to SPER Market Research, the North America Cyber Security Market is estimated to reach USD 195.31 Billion by 2033 with a CAGR of 8.9%.
The report includes an in-depth analysis of the North America Cyber Security Market, including market size and trends, product mix, applications, and supplier analysis. Web servers are protected by cybersecurity from information sharing, hardware theft or damage, software or electronic information theft, and disruption or diversion of services. The market is expected to develop as a result of growing reliance on computer systems, the Internet, and wireless networks like Bluetooth and Wi-Fi, as well as the proliferation of smart gadgets like smartphones, televisions, and Internet of Things (IoT) devices.
- March 2022: With the official opening of the Critical Infrastructure Defence Centre (CIDC), Siemens Canada increased the size of its presence in New Brunswick and the range of cybersecurity services it offers. The centre is the first establishment in the Siemens region dedicated to Operational Technology (OT) and Critical Infrastructure Protection (CIP).
- April 2022: The United States has made substantial investments in cybersecurity research and development. The US government is spending a significant sum of money. In April 2022, for example, the US Department of Energy (DOE) declared that it would allocate USD 12 million to six new research, development, and demonstration (RD&D) projects to create cutting-edge cybersecurity technology. This will help guarantee that energy delivery systems are built, set up, run, and maintained in a way that makes them resilient to cyberattacks and allows for quick recovery.
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Market Opportunities and Challenges
It is projected that throughout the forecast period, ongoing technical breakthroughs in blockchain for cyber defence, artificial intelligence (AI), and machine learning (MI) would present profitable opportunities. As the Internet becomes more widely used in North America, usage of cybersecurity solutions is predicted to rise. Furthermore, there is now more data susceptibility due to the growing wireless network that serves mobile devices. In addition, every industry faces different cyber security difficulties. Significant development potential can be created by creating industry-specific solutions that are suited to the requirements of industries like healthcare, finance, and manufacturing. Managed security services are becoming more and more in demand as businesses struggle with shortages of both skilled labour and resources. Service providers can profit from this expanding market niche by providing complete security solutions and knowledgeable assistance.
The widespread adoption of cybersecurity in the North American market is hindered by multiple variables. First of all, firms face a major difficulty in recruiting trained cybersecurity specialists to strengthen their security measures due to the shortage of these specialists. Effective security measures are hampered by the skill shortages that arise from this skills scarcity within the sector. Furthermore, hurdles to investing in strong security measures are created by the high implementation costs of cybersecurity solutions, especially for small and medium-sized organisations (SMEs). Moreover, decision-making for organisations is made more difficult by the variety of security solutions that are available, each with a unique set of features, compatibility, and integration capabilities. It's difficult to navigate this environment, which could prevent or delay enterprises from putting adequate cybersecurity measures in place. These issues highlight the necessity of coordinated efforts to address the lack of skilled workers, lower implementation costs, and streamline the North American cybersecurity solution selection process.
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Market Competitive Landscape
The major key players in the North America Cyber Security Market are: Cisco Systems Inc., Cyber Ark Software Ltd., Dell Technologies Inc., FireEye Inc., Fortinet Inc., IBM Corporation, Imperva Inc., Intel Security (Intel Corporation), Palo Alto Networks Inc., Proofpoint Inc., Rapid7 Inc., Symantec Corporation, Others. Due to the presence of numerous international and local competitors, the cybersecurity industry in North America is somewhat consolidated. To increase efficiency, the major firms are concentrating on innovation in production technologies. Players also take on strategic projects like alliances, mergers, and acquisitions.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Deployment, By End User |
| Regions covered | United States, Canada |
| Companies Covered | Cisco Systems Inc., Cyber Ark Software Ltd., Dell Technologies Inc., FireEye Inc., Fortinet Inc., IBM Corporation, Imperva Inc., Intel Security (Intel Corporation), Palo Alto Networks Inc., Proofpoint Inc., Rapid7 Inc., Symantec Corporation, Others |
COVID-19 Impact on North America Cyber Security Market
The North American cybersecurity market has been greatly affected by the COVID-19 pandemic. Cyber dangers have increased as a result of the quick shift to remote work and greater reliance on digital platforms, which has raised demand for cybersecurity solutions. However, some businesses have cut back on security spending due to economic uncertainty, which has had a mixed impact on market expansion. Furthermore, the transition to remote operations has made new vulnerabilities apparent, necessitating investments in improved security measures from organisations in order to reduce risks and keep up with emerging threats.
Key Target Audience
- Critical Infrastructure Operators
- Defense and Intelligence Agencies
- Educational Institutions
- Enterprises of all sizes
- Financial Institutions
- Government Agencies
- Healthcare Organizations
- IT and Telecommunication Companies
- Small and Medium-sized Enterprises (SMEs)
- Others
Our in-depth analysis of the North America Cyber Security Market includes the following segments:
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| By Deployment: |
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| By Region: |
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Key Topics Covered in the Report
- North America Cyber Security Market Size (FY’2024-FY’2033)
- Overview of North America Cyber Security Market
- Segmentation of North America Cyber Security Market By Product Type (Services, Solutions)
- Segmentation of North America Cyber Security Market By Deployment (On-Cloud, On-Premise)
- Segmentation of North America Cyber Security Market By End User (Aerospace, Defense, and Intelligence, Banking, Financial Services, and Insurance, Healthcare, IT and Telecommunication, Manufacturing, Public Utility, Retail, Others)
- Statistical Snap of North America Cyber Security Market
- Expansion Analysis of North America Cyber Security Market
- Problems and Obstacles in North America Cyber Security Market
- Competitive Landscape in the North America Cyber Security Market
- Impact of COVID-19 and Demonetization on North America Cyber Security Market
- Details on Current Investment in North America Cyber Security Market
- Competitive Analysis of North America Cyber Security Market
- Prominent Players in the North America Cyber Security Market
- SWOT Analysis of North America Cyber Security Market
- North America Cyber Security Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the North America Cyber Security Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Cyber Security Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Cyber Security Market
7. North America Cyber Security Market, By Product Type (USD Million)
7.1. North America Cyber Security Market Value Share and Forecast, By Product Type, 2024-20337.2. Services7.3. Solutions
7.3.1. DDOS Mitigation7.3.2. IDS/IPS7.3.3. Identity and Access Management7.3.4. Next Generation Firewall7.3.5. Security and Vulnerability Management7.3.6. Security Information and Event Management7.3.7. Threat Detection and Prevention (Unified Threat Management and Threat Mitigation)7.3.8. Other Solution Types
8. North America Cyber Security Market, By Deployment (USD Million)
8.1. North America Cyber Security Market Value Share and Forecast, By Deployment, 2024-20338.2. On-Cloud8.3. On-Premise
9. North America Cyber Security Market, By End User (USD Million)
9.1. North America Cyber Security Market Value Share and Forecast, By End User, 2024-20339.2. Aerospace, Defense, and Intelligence9.3. Banking, Financial Services, and Insurance9.4. Healthcare9.5. IT and Telecommunication9.6. Manufacturing9.7. Public Utility9.8. Retail9.9. Others
10. North America Cyber Security Market Forecast, 2020-2033 (USD Million)
10.1. North America Cyber Security Market Size and Market Share
11. North America Cyber Security Market, By Product Type, 2020-2033 (USD Million)
11.1. North America Cyber Security Market Size and Market Share By Product Type (2020-2026)11.2. North America Cyber Security Market Size and Market Share By Product Type (2027-2033)
12. North America Cyber Security Market, By Deployment, 2020-2033 (USD Million)
12.1. North America Cyber Security Market Size and Market Share By Deployment (2020-2026)12.2. North America Cyber Security Market Size and Market Share By Deployment (2027-2033)
13. North America Cyber Security Market, By End User, 2020-2033 (USD Million)
13.1. North America Cyber Security Market Size and Market Share By End User (2020-2026)13.2. North America Cyber Security Market Size and Market Share By End User (2027-2033)
14. North America Cyber Security Market, By Region, 2020-2033 (USD Million)
14.1. North America Cyber Security Market Size and Market Share By Region (2020-2026)14.2. North America Cyber Security Market Size and Market Share By Region (2027-2033)14.3. Canada14.4. United States
15. Company Profile
15.1. Cisco Systems Inc.
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments
15.2. Cyber Ark Software Ltd
15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. Dell Technologies Inc.
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. FireEye Inc.
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments
15.5. Fortinet Inc.
15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. IBM Corporation
15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments
15.7. Imperva Inc.
15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments
15.8. Intel Security (Intel Corporation)
15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments
15.9. Palo Alto Networks Inc.
15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments
15.10. Proofpoint Inc.
15.10.1. Company details15.10.2. Financial outlook15.10.3. Product summary15.10.4. Recent developments
15.11. Rapid7 Inc.
15.11.1. Company details15.11.2. Financial outlook15.11.3. Product summary15.11.4. Recent developments
15.12. Symantec Corporation
15.12.1. Company details15.12.2. Financial outlook15.12.3. Product summary15.12.4. Recent developments
15.13. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
North America Cyber Security Market grew in Market size from 2022. The Market is expected to reach USD 195.31 billion by 2033, at a CAGR of 8.9% during the forecast period.
North America Cyber Security Market CAGR of 8.9% during the forecast period.
North America Cyber Security Market is projected to reach USD 195.31 billion by 2033, growing at a CAGR of 8.9% during the forecast period.
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North America Cyber Security Market size is USD 195.31 billion from 2023 to 2033.
North America Cyber Security Market Segment is covered By Service Type, By Theme, By Room Type.
The North America is anticipated to have the highest Market share in the North America Cyber Security Market.
The key players in the Market include Companies Covered Cisco Systems Inc., Cyber Ark Software Ltd., Dell Technologies Inc., FireEye Inc.
Web servers are protected by cybersecurity from information sharing, hardware theft or damage, software or electronic information theft, and disruption or diversion of services.
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