Who are the key players in North America Cyber Security Market?

Cisco Systems Inc., Dell Technologies Inc., FireEye Inc., IBM Corporation and Fortinet Inc. are the major companies operating in the North America Cyber Security Market. Read More

What years does this North America Cyber Security Market cover, and what was the market size in 2023?

In 2023, the North America Cyber Security Market size was estimated at USD 84.45 billion. The report covers the North America Cyber Security Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Cyber Security Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

North America Cyber Security Market Size

Market Size of North America Cyber Security Industry

North America Cyber Security Market Summary

Study Period	2019 - 2029
Base Year For Estimation	2023
Market Size (2024)	USD 92.31 Billion
Market Size (2029)	USD 138.87 Billion
CAGR (2024 - 2029)	8.51 %
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order

North America Cyber Security Market Analysis

The North America Cyber Security Market size is estimated at USD 92.31 billion in 2024, and is expected to reach USD 138.87 billion by 2029, growing at a CAGR of 8.51% during the forecast period (2024-2029).

The adoption of cybersecurity solutions is expected to increase with the increasing penetration of the Internet throughout North America. Also, the expanding wireless network catering to mobile devices has enhanced data vulnerability.

North America is one of the world's leading digital nations. Over the next few years, technology will bring about significant changes. Robotics, sensor technology, 3D printing, big data, and artificial intelligence are all examples of technological developments that have the potential to change society. As digitization increases, the nation's data security needs to be increased.
The increasing frequency and sophistication of cyber-attacks are driving the adoption of cybersecurity solutions in North America.
Moreover, the growing regulatory requirement leads many organizations to adopt and invest in cybersecurity solutions, as many industries in the United States are subject to regulations such as HIPPA, GDPR, and PCI DSS, which require the organization to implement.
Ransomware and DDoS attacks are expected to increase further during the forecast period and, even more, targeted against large organizations in regions where the adoption rate is not as quick for cybersecurity solutions. Also, ransomware-as-a-service offerings and their construction kits have been estimated to fuel this increase, particularly as an easy tool for novice or low-skilled criminals.
The rising usage of new service platforms, such as online and cloud computing, results in less transparent solutions, making it more difficult for users to assess risk and vulnerability and document their security.

North America Cyber Security Industry Segmentation

Cybersecurity solutions help an organization monitor, detect, report, and counter cyber threats that are internet-based attempts to damage or disrupt information systems and hack critical information using spyware, malware, and phishing to maintain data confidentiality. The scope of the market is comprehensive and is limited to North America.

The North America cyber security market is segmented by product type (solutions, services), deployment (on-cloud, on-premise), end-user industry (aerospace, defense, and intelligence, banking, financial services, insurance, healthcare, manufacturing, retail, public utility, IT and telecommunication), and country(United States, Canada).

The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Product Type

Solutions
	Identity and Access Management
	Threat Detection and Prevention (Unified Threat Management and Threat Mitigation)
	Security and Vulnerability Management
	Next Generation Firewall
	IDS/IPS
	Security Information and Event Management
	DDOS Mitigation
	Other Solution Types

Services

By Deployment
		On-cloud
		On-premise

By End-user Industry
		Aerospace, Defense, and Intelligence
		Banking, Financial Services, and Insurance
		Healthcare
		Manufacturing
		Retail
		Public Utility
		IT and Telecommunication
		Other End-user Industries

By Country
		United States
		Canada

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North America Cyber Security Market Size Summary

The North American cybersecurity market is poised for significant growth, driven by the increasing penetration of the Internet and the expansion of wireless networks, which have heightened data vulnerability. As a leading digital region, North America is experiencing a surge in the adoption of cybersecurity solutions due to the rising frequency and sophistication of cyber-attacks. Regulatory requirements, such as HIPAA, GDPR, and PCI DSS, are compelling organizations to invest in robust cybersecurity measures. The market is further fueled by the growing threat of ransomware and DDoS attacks, particularly targeting large organizations with slower adoption rates of cybersecurity solutions. The region's strategic focus on safeguarding critical information, especially in defense and aerospace sectors, underscores the importance of developing countermeasures to protect advanced technologies and infrastructure.

Key players in the North American cybersecurity market, including Symantec, Intel Security, IBM Security, and Dell EMC, are driving innovation and strategic partnerships to enhance cybersecurity solutions. The market is characterized by significant investments, with the United States government proposing substantial budgets to bolster cybersecurity efforts. Acquisitions, such as Google's purchase of Mandiant and HelpSystems' merger with AlertLogic, highlight the industry's consolidation and focus on expanding capabilities. The region's commitment to cybersecurity is further evidenced by initiatives like Siemens Canada's Critical Infrastructure Defense Center and the U.S. Department of Energy's investment in cybersecurity research and development. These efforts reflect a comprehensive approach to addressing cyber threats and enhancing the security of critical infrastructure and technologies.

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North America Cyber Security Market Size - Table of Contents

1. MARKET INSIGHTS
1. 1.1 Market Overview
2. 1.2 Industry Value Chain Analysis
3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis
  1. 1.3.1 Bargaining Power of Suppliers
  2. 1.3.2 Bargaining Power of Consumers
  3. 1.3.3 Threat of New Entrants
  4. 1.3.4 Competitive Rivalry within the Industry
  5. 1.3.5 Threat of Substitute
4. 1.4 Industry Guidelines and Policies
5. 1.5 Assessment of Impact of COVID-19 on the Industry
2. MARKET SEGMENTATION
1. 2.1 By Product Type
  1. 2.1.1 Solutions
    1. 2.1.1.1 Identity and Access Management
    2. 2.1.1.2 Threat Detection and Prevention (Unified Threat Management and Threat Mitigation)
    3. 2.1.1.3 Security and Vulnerability Management
    4. 2.1.1.4 Next Generation Firewall
    5. 2.1.1.5 IDS/IPS
    6. 2.1.1.6 Security Information and Event Management
    7. 2.1.1.7 DDOS Mitigation
    8. 2.1.1.8 Other Solution Types
  2. 2.1.2 Services
2. 2.2 By Deployment
  1. 2.2.1 On-cloud
  2. 2.2.2 On-premise
3. 2.3 By End-user Industry
  1. 2.3.1 Aerospace, Defense, and Intelligence
  2. 2.3.2 Banking, Financial Services, and Insurance
  3. 2.3.3 Healthcare
  4. 2.3.4 Manufacturing
  5. 2.3.5 Retail
  6. 2.3.6 Public Utility
  7. 2.3.7 IT and Telecommunication
  8. 2.3.8 Other End-user Industries
4. 2.4 By Country
  1. 2.4.1 United States
  2. 2.4.2 Canada

North America Cyber Security Market Size FAQs

How big is the North America Cyber Security Market?

The North America Cyber Security Market size is expected to reach USD 92.31 billion in 2024 and grow at a CAGR of 8.51% to reach USD 138.87 billion by 2029.