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Cyber Security Market in North America 2015 Share, Scope, Trends and Forecast to 2019

Cyber security market in North America to grow at a CAGR of 7.32% over the period 2014-2019.


Deerfield Beach, FL -- (SBWIRE) -- 07/24/2015 -- Cyber Security Market in North America 2015-2019

About Cyber Security
Cyber security solutions help organizations monitor, detect, report, and counter cyber threats to maintain the confidentiality of IT systems. Internet penetration in emerging countries and usage of smartphones, tablets, and laptops and mobile apps have given rise to complex cyber-attacks on IT infrastructure. This has become a major concern for countries in North America. Organizations in North America need to adopt cyber security solutions to ensure the security of critical information stored on computer systems or digital memory devices.

Cyber security market in North America to grow at a CAGR of 7.32% over the period 2014-2019.

Adoption of cloud services, wireless technologies, and accessing social media websites within organizations in North America have brought high level of risk in terms cyber threats. The growing complexities of cyber-attacks are prompting organizations in the government, BFSI, retail, telecom, and manufacturing sectors to adopt cyber security solutions to ensure security of critical information stored on their network servers or data centers. For instance, JPMorgan Chase was affected by data breach in 2014; hackers attempted to access its servers and gained access to the names, addresses, emails, and telephone numbers including savings account information of nearly 83 million customers.

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The market for cyber security in North America is expected to show positive growth owing to the increasing frequency of cyber-attacks. As a result, multiple organizations are increasingly adopting cyber security solutions to prevent data loss. Increasing penetration of the internet and mobile devices, and increased instances of cybercrimes in the North American region are some of the major factors that drive market growth for cyber security in North America.

"Organizations find it difficult to manage stand-alone or integrated network components because of issues such as budget constraints and lack of resources and expertise to address security problems,"

"Organizations opt for cloud-based security solutions that are cost-effective and compatible with PCI DSS regulations and offer round-the-clock monitoring of systems."

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Covered in this Report
The report covers the present scenario and the growth prospects of the cyber security market in North America for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of cyber security solutions in North America. The market is highly fragmented with the presence of several small and large vendors. The report does not include the market share of all vendors; it only presents a list of key vendors and their corresponding detailed analysis.

Cyber Security Market in North America 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in the market.

Key Market Drivers:
Increased Use of Mobile Devices.
Rise in Network Security Threats.
Need for Enhanced Data Security in BFSI Sector.
Advanced Threats.

Key Market Trends:
Demand for Cloud-based Security Solutions.
Convergence of Technologies.
Increased Market Consolidation.
Increase in Number of DDoS Attacks.

Key Market Vendors:
Booz Allen Hamilton Inc.
Cisco Systems Inc.
Computer Sciences Corp. (CSC)
Fortinet Inc.
General Dynamics Corp.
McAfee Inc.
Northrop Grumman Corp.
Symantec Corp.

To define the market circumstances in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.