During the third quarter of 2024, data breaches exposed more than *** million records worldwide. Since the first quarter of 2020, the highest number of data records were exposed in the first quarter of ***, more than *** million data sets. Data breaches remain among the biggest concerns of company leaders worldwide. The most common causes of sensitive information loss were operating system vulnerabilities on endpoint devices. Which industries see the most data breaches? Meanwhile, certain conditions make some industry sectors more prone to data breaches than others. According to the latest observations, the public administration experienced the highest number of data breaches between 2021 and 2022. The industry saw *** reported data breach incidents with confirmed data loss. The second were financial institutions, with *** data breach cases, followed by healthcare providers. Data breach cost Data breach incidents have various consequences, the most common impact being financial losses and business disruptions. As of 2023, the average data breach cost across businesses worldwide was **** million U.S. dollars. Meanwhile, a leaked data record cost about *** U.S. dollars. The United States saw the highest average breach cost globally, at **** million U.S. dollars.

The North America cloud managed network market is experiencing robust growth, driven by the increasing adoption of cloud-based solutions by enterprises of all sizes across diverse sectors. The market's sizable valuation of $66.80 million in 2025, coupled with a compound annual growth rate (CAGR) of 10.13%, projects significant expansion through 2033. This growth is fueled by several key factors. Firstly, the rising demand for enhanced network security and scalability is compelling businesses to migrate from on-premise solutions to cloud-based managed networks. This shift reduces capital expenditure, simplifies IT management, and allows for greater agility in responding to evolving business needs. Secondly, the proliferation of remote work and the increasing reliance on mobile devices necessitate robust and secure network infrastructure, further boosting cloud managed network adoption. Finally, the growing adoption of advanced technologies like Software-Defined Networking (SDN) and Network Function Virtualization (NFV) are streamlining network operations and improving efficiency, making cloud-managed networks a more attractive proposition. The BFSI, IT and Telecom, and Healthcare sectors are key drivers of market growth, with significant investments in upgrading their network infrastructure to meet the demands of digital transformation and improved data security. The competitive landscape is marked by established players like Fujitsu, Cisco, IBM, AT&T, HP, Microsoft, Verizon, Dell, Citrix, and Rackspace, among others. These companies are actively investing in research and development to offer innovative solutions and enhance their market position. While the market shows considerable promise, potential restraints could include concerns about data security and privacy, vendor lock-in, and the complexity of migrating to cloud-based environments. However, ongoing improvements in security protocols and the availability of managed services are mitigating these challenges. The continued focus on innovation and the growing demand for robust and scalable network solutions across various industries suggest a positive outlook for the North America cloud managed network market in the coming years, with specific segments like managed security and managed mobility showing particularly strong growth potential due to heightened security concerns and the increasing mobile workforce. Recent developments include: January 2024, AVI-SPL introduced its Enterprise Managed Services solution, which mainly includes audio-visual (AV), digital signage, and unified communications (UC) solutions for the workplace, in rooms, and on the cloud. The key features of AVI-SPL’s Enterprise Managed Services are its extensive coverage, simple deployment, worldwide reach, and comprehensive support., October 2023, IBM launched a managed cybersecurity service that leverages AI and automation to help organizations detect and respond to threats across cloud and on-premise environments. Managed cybersecurity services provide ongoing management and monitoring of a company’s security operations by a team of experts.. Key drivers for this market are: Increasing Shift to Hybrid IT, Improved Cost and Operational Efficiency. Potential restraints include: Increasing Shift to Hybrid IT, Improved Cost and Operational Efficiency. Notable trends are: IT and Telecom Sector Expected to Hold a Significant Market Share.