North America Cybersecurity Market to surpass $125 bn by 2026

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North America Cybersecurity Market to surpass
125 bn by 2026 Graphical Research
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North America Cybersecurity Market Size is to hit
USD 125 Billion By 2026. The North America
cybersecurity market growth is attributed to the
rapidly increasing demand for network security
solutions to secure IoT-enabled devices. The
increasing penetration of such devices and rising
trend of Bring-Your-Own-Device (BYOD) in business
enterprises have profoundly surged the need for
cybersecurity solutions in the region. According
to the 2019 report published by the security firm
- Symantec, the U.S. ranked second in terms of
IoT related cyber-attacks with more than 11 of
the global IoT attacks originating in the
country. This has further fueled the need for
cybersecurity solutions.   The infrastructure
protection segment is expected to register an
accelerated growth over the forecast period at a
CAGR of over 8. These solutions protect
expensive business-critical IT infrastructures
from malicious attacks and cyber-threats,
safeguarding enterprises against intrusions and
infrastructure down times. The growing trend of
Bring Your Own Devices (BYOD), such as employees
personal tablet and smartphones, have also
accelerated the adoption of infrastructure
protection tools to ensure devices with sensitive
enterprise data are not compromised.    The
government enterprises segment is projected to
exhibit a growth rate of nearly 10 by 2026 in
the North America cybersecurity market The
government enterprises holds highly critical and
sensitive user data, which can be misused by
hackers or unauthenticated users to cause severe
financial and operational losses. Hence,
government agencies are proactively adopting
cybersecurity solutions for mitigating such
risks.
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The manufacturing sector is anticipated to
exhibit an accelerated growth from 2020 to 2026,
growing at a CAGR of around 5. The advent of
Industry 4.0 and the rapid adoption of digital
business management tools such as Enterprise
Resource Planning (ERP) have made manufacturing
enterprises prone to cyber-attacks. Therefore,
manufacturing firms are deploying cybersecurity
solutions to prevent disruption in their
production facilities and reduce losses.   Some
of the key vendors in the North America
cybersecurity market include BAE Systems, Check
Point Software, Cisco Systems, Inc., CyberArk
Software Ltd., F-Secure Corporation, F5networks,
Inc., FireEye, Inc., Fortinet, Inc.,
Hewlett-Packard, Ltd., IBM Corporation, Intel
Corporation, McAfee LLC, Microsoft Corporation,
Oracle Corporation, Palo Alto Networks, Inc.,
Proofpoint, Inc. Rapid7, RSA Security, LLC.,
Sophos Group Plc, Splunk, Inc., Symantec
Corporation, and Trend Micro, Inc. Segmentation
of North America Cybersecurity Market North
America Cybersecurity Market, By Product
Type Identity, Authentication and Access
Management (IAAM) Access Management Identify
Access Management Infrastructure Protection End
Point Protection Email/Web Gateway Cloud
Security Others
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North America Cybersecurity Market, By
Organization Type SME Government Large
Enterprise North America Cybersecurity Market,
By Industry Banking Government Manufacturing Trans
portation IT Telecom Insurance Securities Others
The above information is provided on a country
basis for the following North America U.S. Canada
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reserved.


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