- Banking, Financial Services, and Insurance
- IT and Telecom
- Healthcare
- Retail and Manufacturing
- Energy and Utilities
North America accounted for the largest market share in the global cyber security market
On the basis of region, the global cyber security market is segmented into North America,
Europe, Asia Pacific, Latin America, Middle East, and Africa. North America accounted for largest
market share in global cyber security market in 2017, owing increasing number of cyber-attacks
in this region. U.S. accounted for the major market in the region, owing to constant cyber-
attacks on industries such as healthcare, banking and financial, and retail and manufacturing.
For instance, according to the Internet Crime Complaint Center (IC3), in 2016, cybercrimes were
valued at over US$ 1.33 billion worldwide, where California witnessed the recorded loss of over
US$ 255 million. Moreover, in 2016, about 28% of web application attacks were recorded in the
U.S., followed by the Netherlands and Germany.
Major players operating in the global cyber security market include International Business
Machine (IBM) Corporation, Dell EMC, Hewlett Packard Enterprise (HPE), Intel Corporation,
Sophos, Symantec Corporation, McAfee, FireEye Incorporated, Cisco Systems, and Trend Micro
Incorporated.
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