The North America cyber security market is estimated to grow over $67.28 billion by the end of 2022. Currently, cyber security solutions are acquiring a major share of the market because of increasing cyber attacks in this region. The U.S. is acquiring a major market value because of continuous cyber attacks on application verticals such as healthcare, banking and financial services and manufacturing, among others.
This market study includes an extensive overview and analysis of the North America Cyber Security market by solutions and services, application verticals and countries, along with developing a comprehensive outlook of the market. The report provides extensive insights of the different developments, trends and key participants.
Cyber crimes cost have reached around $100 billion in the country. Canada and Mexico globally stands at the 13th and 17th position respectively as major sources of cyber crimes. North America needs to build a strong resilience system for managing cyber crimes.
Various forms of cyber crimes such as ransom ware are rapidly increasing in North America which can further lead to business interruptions and financial losses. The average cost of cyber crime in the U.S. accounts to $15 million and the cost have doubled since 2010. Increasing cyber attacks from Iran, Russia and China, among others are also posing serious threats to this region. Cyber attacks on the U.S. government have witnessed a 10% rise as compared to 2014.
The attacks on government organizations and telecom operations caused a breach of 21.5 million personal information records and affected 15 million customers. In Canada, there has been a huge increase in spear phishing emails and computer network breaches over the recent years. The financial sector has always been the target of cyber attacks in Mexico. Moreover, cyber criminals are now targeting healthcare, manufacturing, government and retail sectors as well.
Cyber space is continually expanding with new and innovative developments like Internet of Things' and Big Data', which will add to more levels of complexities and security challenges with regard to the various networks and systems. Therefore, cyber security will prove to be an important element of any organization and will attempt to provide a range of opportunities to a number of vendors to foster cyber security solutions in the North America region.
Some of the leading companies in the North America Cyber Security market are IBM, Cisco, Dell, Intel, FireEye, Symantec, among others.
Key Topics Covered:
1. Research Scope and Research Methodology
2. Market Overview
3. Competitive Overview
4. Industry Analysis
5. North America Cyber Security Market: Solutions and Services
6. North America Cyber Security Market by Application Verticals
7. North America Cyber Security Market by Countries
8. Company Profiles
- Bae Systems
- Dell Corporation
- Fortinet Inc.
- Lockheed Martin
- Northrop Grumman Corporation
- Palo Alto Networks
- Security Services Provider
- Security Solutions Provider
- Security Solutions and Service Provider
- Booz Allen Hamilton
- Checkpoint Software Technology
- Cisco Systems inc
- IBM Corporation
- Intel Corporation
- Kaspersky Labs
- Sophos Group plc
- Symantec Corporation
- Trend Micro Inc.
For more information visit http://www.researchandmarkets.com/research/d8cjzb/north_america
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SOURCE Research and Markets