NORTH AMERICA ADAPTIVE SECURITY MARKET 2019-2027
According to Triton Market Research, North America’s adaptive security market is set to surge with a CAGR of 12.01% in the estimated years of 2019-2027.
The countries studied in the North America market are:
The White House Council of Economic Advisers has stated that the United States is significantly affected by cybercrimes, with the economy losing approx. $57 billion to $109 billion each year to harmful cyber activity. In June 2017, computers in the United States were victim to a malicious attack called Petya, a malware targeting Windows systems.
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A report released in October 2018 by the US Government Accountability Office (GAO) stated that most weapon systems that were being developed in the country had mission-critical cyber vulnerabilities. This opened up new avenues for the new and existing market players to establish and expand their base by investing in a suitable cybersecurity suite designed for this industry.
The WannaCry attack of 2017 struck several large hospital networks in the US, spanning multiple states, and compromised computers, individuals’ healthcare data, and even medical devices. This was followed by a data breach of the consumer credit reporting agency Equifax. The attack affected the whole of Northern America, releasing social security numbers, credit card numbers as well as drivers’ license numbers. Major businesses in the region have, therefore, begun to actively increase their security budget in order to enhance their existing capabilities, including AI, ML, and advanced authentication systems.
Trend Micro Inc. provides security-related software. The company’s product portfolio includes security software, mobile device security, network & web security, and anti-spam products. It also provides solutions to protect data and IP with integrated modules. The company’s cloud-based security infrastructure swiftly identifies new threats, offering instant data protection. Microsoft, IBM, Amazon, and VMware are some of the companies Trend Micro partners with.
The company’s products & solutions portfolio includes Network Security, Hybrid Cloud Security, and User Protection. Trend Micro’s continuous efforts to expand and enhance its product portfolio may help it meet the changing requirements of the customers effectively and maintain the competitiveness of its offerings. The North America-based company has its headquarters in Irving, Texas.
The top key players in the adaptive security market include Cisco, Trend Micro, Rapid7, EMC RSA, Juniper Networks, FireEye, Panda Security, Illumio, Cloudwick, Aruba, Symantec, Fortinet, IBM, Check Point Software, and Hewlett Packard Enterprise.
