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The North American cyber security market is segmented on the basis of countries, security type, solutions, and verticals. Cyber security consists of technologies, processes and controls designed to protect systems, networks and data from cyber attacks. Effective cyber security reduces the risk of cyber attacks and protects against the unauthorised exploitation of systems, networks and technologies.Study includes key trends and in-depth analysis of North American cyber security market and its various segments. It discusses the different segments of cyber security solutions to derive specific market estimations. It discusses a comparative study regarding the ways in which technology has improved the cyber security of enterprises and alleviated their vulnerability towards internet threats.
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Report also includes company profiles of key cyber security market players operating in the North American region. Some of the prominent North American cyber security market players include BAE Systems, Barracuda Networks Inc., Check Point Software Technology Ltd, Cisco Systems Inc., Corporation Service Co., FireEye Inc., Hewlett Packard Enterprise, IBM Corp., Sophos, Symantec Corp., Trend Micro Inc. and Verizon Communications. The report also discusses the key market strategies adopted by these players in the region.
North American cyber security market comprises companies that provide products and services to improve security measures for IT assets, data and privacy across different domains such as IT, telecom and industrial sectors. In most countries in region, private sector is responsible for generating the most revenue within the cyber security market; however, in U.S., private and government spending is notably similar on cyber security spending.
Chapter 6 Market Breakdown by Industry Vertical
• Cyber Security Market Verticals
• Banking, Financial Services and Insurance (BFSI)
• Defense and Intelligence
• Telecom and IT
• Government
• Retail
• Healthcare
• Other Industry Verticals
• Market Size and Forecast
Some of cyber security market influencing factors in the North American region are the surge in demand for cloudbased enterprise applications, the growth in digitalization and its security spending, and the surge in IoT applications and smart city projects. Security vendors in the region serve many industries such as banking, financial services and insurance (BFSI), defense and intelligence, telecom and IT, government, retail, healthcare, and others. The summary table below represents the market size and growth rates of specific industries.
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The cyber security market segment by solution includes antivirus and anti-malware, encryption, risk and compliance management, identity and access management, firewall, disaster recovery, data loss protection and others. By industry verticals, the market is categorized into banking, financial services and insurance (BFSI), defense and intelligence, telecom and IT, government, retail, healthcare, and others. In terms of countries, the North American region is divided into the U.S., Canada and Mexico.
The U.S. is expected to hold the majority of the market share due to the presence of many global cyber security players in the country and their security offerings to many industry verticals such as banking, IT and healthcare.
Report Includes:
- An overview of the North American market for cyber security
- Analyses of market trends, with data from 2017 to 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Characterization and quantification of North American cyber security market by country, security type, solutions, and verticals
- Complete understanding of different terms such as antivirus and anti-malware, encryption and firewall
- Information on password attacks and denial-of-service attacks
- Company profiles of major market players, including Bae Systems Inc., Cisco Systems Inc., DXC Technology Co., IBM Corp. and Intel Corp.
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the global cybersecurity market is expected to reach 170 billion by 2020. This rapid market growth is being fueled by an array of technology trends, including the onslaught of initiatives with ever-evolving security requirements, like “bring your own device” (BYOD) and the internet of things (IoT); the rapid adoption of cloud-based applications and workloads, extending security needs beyond the traditional data center; and stringent data protection mandates,
Elements of cyber security
A strong cyber security posture hinges on a systematic approach that encompasses:
Application security
Web application vulnerabilities are a common point of intrusion for cyber criminals. As applications play an increasingly critical role in business, organisations urgently need to focus on web application security to protect their customers, their interests and their assets.
Information security
Information is at the heart of any organisation, whether it’s business records, personal data or intellectual property. ISO/IEC 27001:2013 (ISO 27001) is the international standard that provides the specification for a best-practice information security management system (ISMS).
Network Security
Network security is the process of protecting the usability and integrity of your network and data. This is usually achieved by conducting a network penetration test, which aims to assess your network for vulnerabilities and security issues in servers, hosts, devices and network services.
Business continuity planning
Business continuity planning (BCP) involves being prepared for disruption by identifying potential threats to your organisation early and analysing how day-to-day operations may be affected.
Operational security
Operations security (OPSEC) protects your organisation's core functions by tracking critical information and the assets that interact with it to identify vulnerabilities.
End-user education
Human error remains the leading cause of data breaches, and your cyber security strategy is only as strong as your weakest link. Organisations need to make sure that every employee is aware of the potential threats they face, whether it’s a phishing email, sharing passwords or using an insecure network.
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