Cyber Security Market in North America by Deployment and Geography - Forecast and Analysis 2021-2025

Published: Aug 2021 Pages: 120 SKU: IRTNTR70891

The cyber security market in North America has the potential to grow by USD 66.66 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 15.54%.

This cyber security market in North America research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by deployment (on-premise and cloud) and geography (the US, Canada, and Mexico). The cyber security market in North America report also offers information on several market vendors, including AO Kaspersky Lab, Booz Allen Hamilton Holding Corp., Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Corporation Service Co., Fortinet Inc., General Dynamics Corp., McAfee LLC, and Northrop Grumman Corp. among others.

What will the Cyber Security Market Size in North America be in 2021?

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Cyber Security Market in North America: Key Drivers and Trends

The increase in the use of mobile devices is notably driving the cyber security market growth in North America, although factors such as high cost of deployment may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the cyber security market in North America industry get your FREE report sample now.

  • With the increasing adoption of mobile devices, such as mobile phones, laptops, and tablets, the need for cybersecurity solutions is rising.
  • One of the major reasons for the rising need for cybersecurity solutions is the increasing use of devices such as mobile phones and laptops to access the Internet, which is increasing the chances of cybercrimes. 
  • The use of mobile devices for personal and professional use is increasing the access to critical data and information, which will increase the chance of unauthorized access in case of a stolen mobile device.
  • With technological advances, the acceptance of mobile devices for m-commerce, bill payment, and GPS is also increasing.
  • The confidential information accessed by mobile devices requires high-level security against hacking.
  • Implementing firewalls as a disruptive deception capability is another key driver influencing the cyber security market growth in North America.
  • Advancements in technology have led to the introduction of firewalls with advanced capabilities such as intrusion prevention, blacklists, reputation feeds, and URL filtering. 
  • The implementation of a firewall helps end-users to leverage threat detection and provide an enhanced opportunity to secure the network. 
  • The implementation of a firewall further results in the generation of deception responses that further allows deception technology providers to offer deception hosts designed specifically to be attacked. 

This cyber security market in North America analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Cyber Security Market Vendors in North America?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AO Kaspersky Lab
  • Booz Allen Hamilton Holding Corp.
  • Broadcom Inc.
  • Check Point Software Technologies Ltd.
  • Cisco Systems Inc.
  • Corporation Service Co.
  • Fortinet Inc.
  • General Dynamics Corp.
  • McAfee LLC
  • Northrop Grumman Corp.

 

The cyber security market in North America is fragmented and the vendors are deploying growth strategies such as investing in R&D and branding to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the cyber security market in North America forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Cyber Security Market in North America?

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72% of the market’s growth will originate from US during the forecast period. The US is the key market for cyber security in North America. Market growth in this region will be faster than the growth of the market in Canada and Mexico.

The expanding IT, healthcare, BFSI, retail, and education industries in the US will facilitate the cyber security market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Deployment Segments in the Cyber Security Market in North America?

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The cyber security market in North America share growth by the on-premise segment will be significant during the forecast period. On-premises cybersecurity technology is considered highly secure as it is managed and maintained by enterprises in the end-user industry. SMEs in the BFSI sector prefer on-premises solutions as they are more focused on security than cost-effectiveness.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the cyber security market size in North America.

 

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What are the Key Factors Covered in this Cyber Security Market in North America Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive cyber security market growth in North America during the next five years
  • Precise estimation of the cyber security market size in North America and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cyber security market in North America across US, Canada, and Mexico
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cyber security market vendors in North America 

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Cyber Security Market In North America Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 15.54%

Market growth 2021-2025

$ 66.66 billion

Market structure

Fragmented

YoY growth (%)

13.30

Regional analysis

US, Canada, and Mexico

Performing market contribution

US at 72%

Key consumer countries

US, China, UK, Germany, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AO Kaspersky Lab, Booz Allen Hamilton Holding Corp., Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Corporation Service Co., Fortinet Inc., General Dynamics Corp., McAfee LLC, and Northrop Grumman Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Deployment

    • Market segments
    • Comparison by Deployment
    • On-premise - Market size and forecast 2020-2025
    • Cloud - Market size and forecast 2020-2025
    • Market opportunity by Deployment

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • US - Market size and forecast 2020-2025
      • Canada - Market size and forecast 2020-2025
      • Mexico - Market size and forecast 2020-2025
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AO Kaspersky Lab
      • Booz Allen Hamilton Holding Corp.
      • Broadcom Inc.
      • Check Point Software Technologies Ltd.
      • Cisco Systems Inc.
      • Corporation Service Co.
      • Fortinet Inc.
      • General Dynamics Corp.
      • McAfee LLC
      • Northrop Grumman Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      INFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases

      DATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts

      REPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape

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      Key Questions Answered

      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?

      Why should you prefer Technavio's market insights report?

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      • Parent market analysis
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      • Detailed vendors report with competitive landscape
      • Covid-19 impact and recovery analysis
      • Data on revenue-generating market segments
      • Details on the market shares of various regions
      • Five-force market analysis