Cyber Security Market in North America 2021-2025

Cyber Security Market in North America 2021-2025

Technavio has been monitoring the cyber security market in North America and it is poised to grow by $ 66.66 bn during 2021-2025, progressing at a CAGR of 15.54% during the forecast period. Our report on the cyber security market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by increase in use of mobile devices, implementing firewalls as a disruptive deception capability, and increasing IT security investments. In addition, increase in use of mobile devices is anticipated to boost the growth of the market as well.

The cyber security market in North America analysis includes the deployment segment and geographic landscape.

Technavio's cyber security market in North America is segmented as below:

By DeploymentOn-premiseCloudBy Geographical LandscapeUSCanadaMexicoThis study identifies the adoption of IoT as one of the prime reasons driving the cyber security market growth in North America during the next few years. Also, the adoption of hybrid models and adoption of cloud-based services will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on cyber security market in North America covers the following areas:Cyber security market sizingCyber security market forecastCyber security market industry analysisTechnavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cyber security market vendors in North America that include 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. Also, the cyber security market in North America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.