Explore data-backed intelligence on North America Cybersecurity Market size at USD 83 billion in 2023, driven by Industry Trends and Strategic Insights

The size of the North America Cyber Security market was valued at USD XXX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 8.51% during the forecast period.Cyber security can be defined as the practice that protects computer systems and networks from unauthorized access, use, disclosure, disruption, modification, or destruction. It is a very broad area of technologies, processes, and controls which help to protect sensitive information for the promotion of business continuity and also against cyber threats.North America is among the largest and most mature cyber security markets in the world. This market is growing because of increasing dependence on digital technologies, sophistication of cyber threats, and stringent regulatory requirements for data protection. Products and services include firewalls, intrusion detection systems, antivirus software, encryption solutions, and security consulting services, among others.The North American cyber security market comprises an active ecosystem of the vendors-the established players and also the startups that are coming up with new ideas. There is also significant investment in R&D to counter the changes in the nature of threat landscapes. With more and more evolution in the digital world, the demand for such potent cyber security solutions is apt to increase significantly in the North American region. Recent developments include: March 2022: Siemens Canada expanded its footprint in New Brunswick and expanded its cybersecurity services with the official launch of the Critical Infrastructure Defense Center (CIDC). The center is the first facility in the Siemens area to specialize in Critical Infrastructure Protection (CIP) with a focus on Operational Technology (OT)., April 2022: There has been significant investment in cybersecurity research and development in the United States. The United States government is allocating a large amount of funds. For instance, in April 2022, the United States Department of Energy (DOE) announced that it would invest USD 12 million in six new research, development, and demonstration (RD&D) projects to develop innovative cybersecurity technology to help ensure that energy delivery systems are designed, installed, operated, and maintained to survive and recover quickly from cyberattacks.. Key drivers for this market are: Rapidly Increasing Cybersecurity Incidents and Regulations Requiring Their Reporting, Growing M2M/IoT Connections Demanding Strengthened Cybersecurity in Enterprises. Potential restraints include: Lack of Cybersecurity Professionals, High Reliance on Traditional Authentication Methods and Low Preparedness. Notable trends are: Aerospace, Defense, and Intelligence Industry to Drive the Market Growth.

View Now North America Cyber Security Market focuses on in-depth detail regarding CRPA ?market size and ?trends from BIS Research

The North American cybersecurity market, valued at approximately $92.31 billion in 2025, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) of 8.51% from 2025 to 2033. This expansion is fueled by several key factors. The increasing sophistication and frequency of cyberattacks targeting critical infrastructure, financial institutions, and government agencies are driving significant investments in advanced security solutions. The rising adoption of cloud computing and the expanding attack surface associated with it are also contributing to market growth. Furthermore, stringent government regulations mandating robust cybersecurity measures across various sectors, particularly in healthcare and finance, are compelling organizations to enhance their security postures. The market is segmented by product type (solutions like Identity and Access Management, Threat Detection & Response, and Next-Generation Firewalls; and services), deployment (on-cloud and on-premise), and end-user industry (aerospace & defense, banking & finance, healthcare, etc.). The strong presence of major technology players like Cisco, IBM, and Palo Alto Networks further underscores the market's maturity and potential. The competitive landscape is characterized by both established players and emerging innovative companies. While large vendors offer comprehensive security suites, smaller, specialized firms are focusing on niche areas like threat intelligence and incident response. The market's growth trajectory is expected to continue, driven by the persistent need for enhanced data protection, improved threat detection capabilities, and proactive risk management. The increasing integration of AI and machine learning into security solutions promises to further revolutionize the industry, enhancing automation and improving threat detection accuracy. North America's robust technology infrastructure and advanced digital economy are pivotal in driving this market's expansion, making it a strategic region for cybersecurity vendors. Future growth will be influenced by factors like the evolving threat landscape, technological advancements, and the adoption of innovative security practices. Recent developments include: March 2022: Siemens Canada expanded its footprint in New Brunswick and expanded its cybersecurity services with the official launch of the Critical Infrastructure Defense Center (CIDC). The center is the first facility in the Siemens area to specialize in Critical Infrastructure Protection (CIP) with a focus on Operational Technology (OT)., April 2022: There has been significant investment in cybersecurity research and development in the United States. The United States government is allocating a large amount of funds. For instance, in April 2022, the United States Department of Energy (DOE) announced that it would invest USD 12 million in six new research, development, and demonstration (RD&D) projects to develop innovative cybersecurity technology to help ensure that energy delivery systems are designed, installed, operated, and maintained to survive and recover quickly from cyberattacks.. Key drivers for this market are: Rapidly Increasing Cybersecurity Incidents and Regulations Requiring Their Reporting, Growing M2M/IoT Connections Demanding Strengthened Cybersecurity in Enterprises. Potential restraints include: Rapidly Increasing Cybersecurity Incidents and Regulations Requiring Their Reporting, Growing M2M/IoT Connections Demanding Strengthened Cybersecurity in Enterprises. Notable trends are: Aerospace, Defense, and Intelligence Industry to Drive the Market Growth.

The North America cyber security market reached around USD 80.66 Billion in 2024. The market is projected to grow at a CAGR of 8.70% between 2025 and 2034 to reach nearly USD 185.76 Billion by 2034.

The North American cyber security market should grow from $51.6 billion in 2018 to $82.5 billion by 2023 at a compound annual growth rate (CAGR) of 9.8% for the period of 2018-2023.

The Cyber Security Market report segments the industry into By Offering (Solutions, Services), By Deployment (On-Premise, Cloud), By End-User Industry (IT and Telecom, BFSI, Retail and E-Commerce, Oil Gas and Energy, Manufacturing, Government and Defense, Other End-user Industries), and By Geography (North America, Europe, Asia, Latin America, Middle East and Africa). Get five years of historical data and market forecasts.

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The cyber security market in North America has the potential to grow by USD 66.66 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 15.54%.

This cyber security market in North America research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by deployment (on-premise and cloud) and geography (the US, Canada, and Mexico). The cyber security market in North America report also offers information on several market vendors, including AO Kaspersky Lab, Booz Allen Hamilton Holding Corp., Broadcom Inc., Check Point Software Technologies Ltd., Cisco Systems Inc., Corporation Service Co., Fortinet Inc., General Dynamics Corp., McAfee LLC, and Northrop Grumman Corp. among others.

What will the Cyber Security Market Size in North America be in 2021?

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Cyber Security Market in North America: Key Drivers and Trends

The increase in the use of mobile devices is notably driving the cyber security market growth in North America, although factors such as high cost of deployment may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the cyber security market in North America industry get your FREE report sample now.

      With the increasing adoption of mobile devices, such as mobile phones, laptops, and tablets, the need for cybersecurity solutions is rising.
      One of the major reasons for the rising need for cybersecurity solutions is the increasing use of devices such as mobile phones and laptops to access the Internet, which is increasing the chances of cybercrimes. 
      The use of mobile devices for personal and professional use is increasing the access to critical data and information, which will increase the chance of unauthorized access in case of a stolen mobile device.
      With technological advances, the acceptance of mobile devices for m-commerce, bill payment, and GPS is also increasing.
      The confidential information accessed by mobile devices requires high-level security against hacking.




      Implementing firewalls as a disruptive deception capability is another key driver influencing the cyber security market growth in North America.
      Advancements in technology have led to the introduction of firewalls with advanced capabilities such as intrusion prevention, blacklists, reputation feeds, and URL filtering. 
      The implementation of a firewall helps end-users to leverage threat detection and provide an enhanced opportunity to secure the network. 
      The implementation of a firewall further results in the generation of deception responses that further allows deception technology providers to offer deception hosts designed specifically to be attacked. 

This cyber security market in North America analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Cyber Security Market Vendors in North America?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

AO Kaspersky Lab
Booz Allen Hamilton Holding Corp.
Broadcom Inc.
Check Point Software Technologies Ltd.
Cisco Systems Inc.
Corporation Service Co.
Fortinet Inc.
General Dynamics Corp.
McAfee LLC
Northrop Grumman Corp.

The cyber security market in North America is fragmented and the vendors are deploying growth strategies such as investing in R&D and branding to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the cyber security market in North America forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Cyber Security Market in North America?

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72% of the market’s growth will originate from US during the forecast period. The US is the key market for cyber security in North America. Market growth in this region will be faster than the growth of the market in Canada and Mexico.

The expanding IT, healthcare, BFS

North America Cyber Security Market growth is driven by growing digitalization, cloud adoption, and remote work environments, cyber security has become a critical component of enterprise risk management and national security.

North America Cyber Security Market size was valued at USD 91.65 Billion in 2024 and is projected to reach USD 150 Billion by 2032, growing at a CAGR of 6.3 % from 2026 to 2032. The North America cyber security market is driven by the rising frequency and sophistication of cyberattacks targeting critical infrastructure, government agencies, and large enterprises. Increasing digital transformation, cloud adoption, and the proliferation of IoT devices have expanded the attack surface, prompting higher demand for advanced security solutions. Additionally, strict regulatory frameworks such as CCPA and HIPAA, along with growing awareness of data privacy, are pushing organizations to invest in robust cyber defense systems. The region’s strong technological infrastructure and significant R&D investments further accelerate innovation in cybersecurity tools and services.

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Cybersecurity Services Market Size 2024-2028

The cybersecurity services market size is forecast to increase by USD 49 billion at a CAGR of 9.23% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. The increasing number of data breaches and cyber-attacks has heightened the awareness and importance of cybersecurity, leading to an increase in demand for these services. Another trend in the market is the integration of artificial intelligence (AI) and machine learning (ML) technologies to enhance threat detection and response capabilities. However, the high cost of implementing cybersecurity services remains a challenge for many organizations, particularly smaller businesses and governments with limited budgets. Despite this, the market is expected to continue growing as businesses recognize the need for cybersecurity to protect their valuable digital assets.

What will be the Size of the Market During the Forecast Period?

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The market is witnessing significant growth due to the increasing reliance on digital technologies and the subsequent rise in cyber threats. With the proliferation of cloud computing, remote work, and digital transactions, enterprises across various sectors including banking, financial services, healthcare, e-commerce platforms, and critical infrastructure are increasingly vulnerable to cyberattacks. Digital technologies have revolutionized the way businesses operate, enabling them to offer new services and reach wider audiences. However, they also introduce new risks. Cybersecurity risks, such as malicious attacks, are a major concern for organizations, particularly those dealing with sensitive data.

Moreover, the energy sector and critical infrastructure are also at risk from physical threats that can have digital consequences. Advanced security solutions are essential to mitigate these risks. AI and machine learning technologies are being increasingly adopted to enhance cybersecurity capabilities. Risk-based security approaches are becoming the norm, with organizations prioritizing resources to protect their most valuable assets. The shift to remote work has further complicated cybersecurity efforts. With employees working from home, the traditional perimeter security model is no longer sufficient. Organizations must ensure their networks and data are secure, regardless of where their employees are located. The cybersecurity skills gap is another challenge.

Similarly, with the increasing complexity of cyber threats, there is a growing demand for skilled cybersecurity professionals. Organizations must invest in training and development to ensure they have the necessary expertise in-house. In conclusion, the market is crucial in helping organizations navigate the digital landscape and protect against cyber threats. The market is expected to grow as businesses continue to adopt digital technologies and as cybercriminals become more sophisticated in their attacks. Organizations must prioritize cybersecurity to safeguard their assets and maintain customer trust.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Deployment

  On-premises
  Cloud based


End-user

  Government
  BFSI
  ICT
  Manufacturing
  Others


Geography

  North America

    Canada
    US


  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France


  Middle East and Africa



  South America

By Deployment Insights

The on-premises segment is estimated to witness significant growth during the forecast period. On-premises cybersecurity services offer organizations advanced security solutions to safeguard their infrastructure from cyberattacks. These solutions are installed and managed within an organization's own physical environment, providing a high degree of control and customization. With on-premises cybersecurity, businesses can fine-tune security configurations, set up strict access controls, and maintain direct supervision over their security operations. This level of control is essential for industries with stringent regulatory requirements, sensitive data handling policies, or unique security considerations. Machine Learning (ML) and threat detection technologies are increasingly being integrated into on-premises cybersecurity solutions to enhance their capabilities. Cloud security services are also becoming a significant component of on-premises cybersecurity offerings, allowing organizations to extend their security perimeter to the cloud. The demand for cybersecurity professionals is at an all-time high due to the increasing number of cyberattacks.

However, there is a significant cyber talent shortage, making it ch

In North America Cybersecurity Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision-making and business growth.

North America Cybersecurity For Cars Market is expected to grow during 2025-2031

The IT security software market is experiencing robust growth, driven by the increasing sophistication of cyber threats and the expanding digital footprint of businesses across all sectors. The market, estimated at $150 billion in 2025, is projected to grow at a Compound Annual Growth Rate (CAGR) of 12% from 2025 to 2033, reaching approximately $450 billion by 2033. This expansion is fueled by several key factors: the rising adoption of cloud-based solutions, necessitating robust cloud security measures; the increasing prevalence of ransomware and other malware attacks targeting both large enterprises and small and medium-sized businesses (SMEs); and the growing awareness of data privacy regulations, driving the demand for compliance-focused security software. The market is segmented by application (large enterprise and SMEs) and type (cloud-based and on-premise), with cloud-based solutions witnessing faster adoption due to their scalability and cost-effectiveness. Geographic distribution shows significant market presence across North America and Europe, followed by Asia-Pacific, driven by rapid digitalization and increasing internet penetration in these regions. However, market growth is constrained by factors such as the high cost of implementation and maintenance of advanced security solutions, the complexity of managing diverse security tools, and the persistent skills gap in cybersecurity professionals. Despite these restraints, the market shows promising prospects. The ongoing development of artificial intelligence (AI) and machine learning (ML)-powered security solutions is expected to enhance threat detection and response capabilities. Furthermore, the increasing adoption of Internet of Things (IoT) devices and the expansion of 5G networks are creating new opportunities for the development and deployment of specialized security software. The competitive landscape is marked by a mix of established players and innovative startups, offering a wide range of solutions to cater to diverse customer needs. The continued evolution of cyber threats will necessitate ongoing innovation and investment in IT security software, ensuring sustained market growth in the coming years. Key players like ManageEngine, GlassWire, and others are constantly adapting and innovating to maintain their market positions amidst this dynamic environment.

The North America Healthcare Cybersecurity market report offers a thorough competitive analysis, mapping key players’ strategies, market share, and business models. It provides insights into competitor dynamics, helping companies align their strategies with the current market landscape and future trends.

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Cyber Security Market Size 2025-2029

The cyber security market size is forecast to increase by USD 164 billion, at a CAGR of 12.5% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing use of mobile devices and the widespread adoption of IoT (Internet of Things) technologies. These trends present both opportunities and challenges for market participants. On the one hand, the growing number of connected devices creates a larger attack surface, necessitating robust cybersecurity solutions. On the other hand, this expansion offers new opportunities for innovation and revenue generation. However, the high cost of deployment remains a substantial challenge for market entrants. Implementing advanced cybersecurity measures can be expensive, particularly for small and medium-sized businesses. Furthermore, the constant evolution of cyber threats necessitates continuous investment in research and development to stay ahead of adversaries. Companies must balance the need for effective security with the financial constraints of their organizations. To capitalize on market opportunities and navigate these challenges, cybersecurity providers must focus on offering affordable, scalable solutions that can adapt to the evolving threat landscape.

What will be the Size of the Cyber Security Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleIn the ever-evolving the market, entities such as cloud security, vulnerability scanning, multi-factor authentication (MFA), risk management, security awareness training, incident response, access control, disaster recovery, endpoint protection, data encryption, log management, and others continue to play crucial roles in safeguarding digital assets across various sectors. The market dynamics of this industry remain in a constant state of flux, with emerging threats and evolving attack vectors requiring continuous adaptation and innovation. Cloud security solutions are essential as businesses increasingly migrate their operations to the cloud. Vulnerability scanning tools help identify and address weaknesses in systems, while MFA adds an extra layer of protection against unauthorized access. Risk management strategies ensure organizations are prepared for potential threats, and security awareness training equips employees with the knowledge to avoid common pitfalls. Incident response plans enable swift action when breaches occur, access control policies restrict access to sensitive data, and disaster recovery plans ensure business continuity in the face of disruptions. Endpoint protection shields devices from malware and other threats, while data encryption keeps information secure. Log management and analysis help detect and respond to anomalous behavior, and artificial intelligence (AI) and machine learning (ML) technologies enhance threat intelligence and improve overall security posture. The landscape is further enriched by advanced techniques such as threat modeling, threat hunting, and purple and red teaming, which help organizations proactively identify and address vulnerabilities. Zero-day exploits, man-in-the-middle (MITM) attacks, cross-site scripting (XSS), SQL injection, denial-of-service (DoS) and distributed denial-of-service (DDoS) attacks, social engineering, and penetration testing are just some of the ongoing threats that necessitate the continuous evolution of cyber security solutions. The market is a complex and dynamic ecosystem, where entities such as PCI DSS, cyber insurance, compliance auditing, zero trust security, and threat intelligence play integral roles in maintaining security and ensuring regulatory compliance. The ongoing unfolding of market activities and evolving patterns underscore the importance of staying informed and adaptive in this ever-changing landscape.

How is this Cyber Security Industry segmented?

The cyber security industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. End-userGovernmentBFSIICTManufacturingOthersDeploymentOn-premisesCloud-basedProductSolutionServicesSectorLarge enterprisesSMEsTypeCloudEnd-point and IOTNetworkApplicationGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKAPACChinaIndiaJapanSouth AmericaBrazilRest of World (ROW)

By End-user Insights

The government segment is estimated to witness significant growth during the forecast period.The market encompasses various solutions and services, including cloud security, vulnerability scanning, multi-factor authentication, risk management, security awareness training, incident response, access control, disaster recovery, endpoint protection, data encry

According to Cognitive Market Research the global cyber security market size will be USD XX Million in 2024 and is set to achieve the market size of USD XX Million by the end of 2033 Growing at A CAGR of XX% from 2025-2033.

According to Cognitive Market Research Asia Pacific region cyber security market is experiencing significant growth driven by increasing digitalization and evolving cyber threats .it is projected to reach a substantial size by 2030. it is expected to generate revenue of XX%.

According to Cognitive Market Research North America is leading the cyber security market and is projected to grow at a CAGR of XX% over the period . 

Europe is expected to generate revenue of XX%.
Latin america expected to generate revenue of XX%.
Middle East and Africa expected to generate revenue of XX%.
South America expected to generate revenue of XX%.

Market Dynamics

Key Drivers

The increasing embrace of IoT and cloud computing is a primary catalyst for the cybersecurity market's expansion.

The increasing adoption of IOT and cloud computing fuels the cyber security market by creating a larger, more complex and interconnected digital landscape. This expanded digital ecosystem demands more robust cybersecurity measures to protect the sensitive data, maintain operational efficiency and ensure compliance with regulation. Recently in May 2021 Colonial Pipeline a major fuel pipeline system in the US experienced a Ransomware attack that forced them to shut down operations for several days causing widespread fuel shortages and panic buying along the east coast. the attack attributed to approximately 45% of East Coast Gasoline supply Another reason behind saying IOT and cloud computing to be factors for need of cyber security is Many businesses rely heavily on Software-as-a-Service (SaaS) applications for their core operations (e.g., Salesforce for CRM, Microsoft 365 for productivity). If a SaaS provider experiences a major cyberattack or outage due to a security vulnerability, it can severely impact the relying businesses' operational efficiency, leading to downtime, loss of revenue, and disrupted workflows. This fosters a market for Cloud Access Security Brokers (CASBs) that provide visibility and control over SaaS applications, and robust incident response planning for cloud-based services. So we can say that though IoT and Cloud Computing offers several benefits to the IT market but it should need cyber security for prevention it from cyber attacks .

Source –

https://www.cisa.gov/news-events/news/attack-colonial-pipeline-what-weve-learned-what-weve-done-over-past-two-years

The increasing focus on data privacy and the mandates of regulatory compliance are significantly fueling the cybersecurity market.

The growing importance of data privacy and regulatory compliance is a massive driver for the cyber security market .so it is now not only limited to protecting data its about adhering to legal obligations.As According to GDPR (General Data Protection Regulations) it mandates the strict rule for how the personal data of Eu Citizen must be collected, processed, stored, and protected regardless where the company is located and not adhering to above regulation can lead to staggering fines of up to €20 million or 4% of a company's annual global turnover. Similarly in the United States HIPAA governs the protections of Protected health information .and according to this healthcare providers, insurers, business associates must have to implement administrative, physical and technical safeguards so to ensure data confidentiality, integrity, availability.So from above we can conclude that due to stringent compliance and regulatory frameworks are directly addressing the need of cyber security market. Certain government tax credit and initiatives includes indian computer emergency response team (cert-in): The CERT in plays a vital role in controlling cybersecurity incidents and coordinating incident response activities . it acts as a central agency for incident response ,vulnerability handling ,and security management in india cyberspace .Another scheme is Cyber Surakshit bharat The main work of this policy is it focuses on detecting and removing malicious botnet programs from computer and devices . it provides free tools for malware analysis and thus helps in improving the security of system and devices .

So...

The North American cyber security market is estimated at 26.42 billion U.S. dollars in 2015 and is forecast to grow to more than 53 billion U.S. dollars by 2020. Major players in the market include IBM, Cisco, and Symantec.

The revenue in the 'Cloud Security' segment of the cybersecurity market in North America was forecast to continuously increase between 2024 and 2029 by in total *** billion U.S. dollars (+***** percent). After the ninth consecutive increasing year, the indicator is estimated to reach * billion U.S. dollars and therefore a new peak in 2029. Notably, the revenue of the 'Cloud Security' segment of the cybersecurity market was continuously increasing over the past years.Find more information concerning Greece and Spain. The Statista Market Insights cover a broad range of additional markets.

Cyber Security Market size is expected to be worth around USD 608.3 Billion by 2033, growing at a CAGR of 12.2% during the forecast period.