Lewes, DE -- (SBWire) -- 06/24/2015 --Report forecast the cyber security market in North America to grow at a CAGR of 7.32% over the period 2014-2019.
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.
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.
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.
According to the report, increased dependency on web applications leads to an unprecedented rise in cyber-attacks, including APTs. These APTs can affect the IT infrastructure of an organization and are generally intended to target critical infrastructures such as government websites, customer databases, and web servers, and can cause more harm than other types of cyber threats. In addition, APTs can be detected only after an attack. To better secure their networks, organizations in North America are adopting network security solutions, which is driving the growth of the cyber security market in North America.
Further, the report states that the overall cost of cyber security solutions includes the cost of software licensing, system designing and customization, implementation, training, and maintenance.
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 players in the cyber security market in North America: Booz Allen Hamilton, Cisco Systems, CSC, Fortinet, General Dynamics, McAfee, Northrop Grumman and Symantec
Other Prominent Vendors in the market are: BAE Systems, Brocade Communications Systems, Check Point Software Technologies, EMC, HP, IBM, Juniper Networks, Kaspersky Lab, L-3 Communications, Lockheed Martin, Palo Alto Networks and Raytheon
Market Driver
- Growing Use of Mobile Devices
- For a full, detailed list, view our report
Market Challenge
- High Deployment Cost
- For a full, detailed list, view our report
Market Trend
- Demand for Cloud-based Security Solutions
- For a full, detailed list, view our report
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 128 pages and 46 Exhibits "Cyber Security Market in North America 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Insights, Need for Cyber Security, Cyber-attacks: Targeting Mobile Devices, Cyber-attacks in North America 2014, Market Description, Market Landscape, Market Segmentation by End-user, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Description of Other Prominent Vendors, Key Vendor Analysis, Market Takeaways.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/cyber-security-market-north-america-2015-2019
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