North America Cyber Security will going to reach at XX.XX billion in upcoming time-span

North America Cyber Security Market Research Report” Purchase This Report by calling ResearchnReports.com at +1-888-631-6977.
Various forms of cyber-crimes such as ransom ware are rapidly increasing in North America which can further lead to business interruptions and financial losses. The average cost of cyber-crime in the U.S. accounts to $15 million and the cost have doubled since 2017.
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Increasing cyber-attacks from Iran, Russia and China, among others are also posing serious threats to this region. Cyber-attacks on the U.S. government have witnessed a 10% rise as compared to 2014. The attacks on government organizations and telecom operations caused a breach of 21.5 million personal information records and affected 15 million customers. In Canada, there has been a huge increase in spear phishing emails and computer network breaches over the recent years. The financial sector has always been the target of cyber-attacks in Mexico. Moreover, cyber criminals are now targeting healthcare, manufacturing, government and retail sectors as well.
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The North America cyber security market is estimated to grow over $67 billion by the end of 2022. Currently, cyber security solutions are acquiring a major share of the market because of increasing cyber-attacks in this region. The U.S. is acquiring a major market value because of continuous cyber-attacks on application verticals such as healthcare, banking and financial services and manufacturing, among others.
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Cyber space is continually expanding with new and innovative developments like ‘Internet of Things’ and ‘Big Data’, which will add to more levels of complexities and security challenges with regard to the various networks and systems. Therefore, cyber security will prove to be an important element of any organization and will attempt to provide a range of opportunities to a number of vendors to foster cyber security solutions in the North America region.
With the rate of internet penetration reaching up to 87%, the U.S. has become one of the best connected countries in the world, and acquires the second position North America ly with regard to online business- consumer transactions; moreover, these factors have led the country to be the center point for cyber-attacks. Cybercrimes cost have reached around $100 billion in the country. Canada and Mexico North America ly stands at the 13th and 17th position respectively as major sources of cybercrimes. North America needs to build a strong resilience system for managing cyber-crimes.
Our market study includes an extensive overview and analysis of the North America Cyber Security market by solutions and services, application verticals and countries, along with developing a comprehensive outlook of the market. The report provides extensive insights of the different developments, trends and key participants.
The answers to the following key questions can be found in the report:
• What are the key market trends and developments in the North America Cyber Security market?
• What is the Cyber Security technological overview in the North America region?
• What are the different types of cyber-attacks prevalent in the North America region?
• What are the key drivers, challenges and opportunities for the Cyber Security market in the North America region with respect to their impact analysis?
• Which key application vertical is utilizing Cyber Security in the North America region with their market statistics?
• What are the important Cyber Security solutions in the North America region with their market statistics?
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