The North America Cyber Security Services Market would witness market growth of 9.2% CAGR during the forecast period (2021-2027).
The use of mobile banking applications, as well as applications for shopping, health monitoring, and socializing, has been sparked by the ubiquity of smartphones and the continuous expansion of high-speed internet networks. By allowing customers to transact regardless of their location, mobile banking adds flexibility to banking processes. Customers may also shop and pay using e-commerce applications on their cell phones. As the number of mobile phone users continues to rise, so does the popularity of mobile apps for shopping, banking, making payments, and socializing.
The demand for cloud application security solutions in the region is being driven by an increase in the use of advanced security solutions as a result of an increase in the frequency of breaches and cyber-attacks. In countries like the United States and Canada, greater usage of online e-commerce platforms increases market growth. The Canadian government developed policies to "defend Canadians' digital privacy, security, and economy" from cybercrime. For example, the Canadian government estimates that roughly USD 500 million will be invested on cyber security projects over the next five years. Market players like Palo Alto Networks, Inc., Microsoft Corporation, IBM Corporation, and others are investing in improved network security solutions.
The US market dominated the North America Cyber Security Services Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $46.029 billion by 2027. The Canada market is estimated to witness a CAGR of 11.7% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 10.7% during (2021 - 2027).
Based on Service Type, the market is segmented into Professional Services and Managed Services. Based on Professional Services Type, the market is segmented into Training, Consulting & Advisory, Integration, Support & Maintenance, Penetration Testing & Bug Bounty, and Others. Based on Managed Services Type, the market is segmented into Managed Security Incident & Event Management (SIEM), Compliance & Vulnerability Management, Managed Detection Response (MDR), and Others. Based on End User, the market is segmented into Government & Defense, Manufacturing, BFSI, IT & Telecom, Retail, Healthcare, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Cyber Security Services Market is Estimated to reach $178 Billion by 2027, at a CAGR of 9.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Crowdstrike Holdings, Inc., Deloitte Touche Tohmatsu Limited, Capgemini SE, IBM Corporation, Accenture PLC, Cisco Systems, Inc., DXC Technology Company, AT&T, Inc. (AT&T Intellectual Property), Atos Group, and Rapid7, Inc.
By Service Type
By End User
By Country
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