Monday, June 22, 2015

Cyber Security Market Research In North America Value 2015 And Forecast 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.

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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.

Technavio's analysts forecast the cyber security market in North America to grow at a CAGR of 7.32% over the period 2014-2019.

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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.

Technavio's report, 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 Vendors

Booz Allen Hamilton
Cisco Systems
General Dynamics
Northrop Grumman

Other Prominent Vendors

BAE Systems
Brocade Communications Systems
Check Point Software Technologies
Juniper Networks
Kaspersky Lab
L-3 Communications
Lockheed Martin
Palo Alto Networks

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?

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