North America Cybersecurity Market Size and Forecast (2021 - 2031), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Solution and Services), Type (Network Security, Endpoint Security, Application Security, Infrastructure Security, and Others), Organization Size (Large Enterprises and SMEs), and Industry Vertical (BFSI, IT and Telecom, Government, Healthcare, Manufacturing, Retail and Ecommerce, and Others)

November 2025 | 184 pages | ID: N08185A58000EN
The Insight Partners

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The North America cybersecurity market is projected to grow significantly, reaching an estimated US$ 192.4 billion by 2031, up from US$ 84.8 billion in 2024. This growth reflects a compound annual growth rate (CAGR) of 12.7% from 2025 to 2031, driven by increasing digitalization and the rising threat of cybercrime across various sectors.

The market is primarily segmented into the United States, Canada, and Mexico, with the US holding the largest share in 2024. The rapid digitization of industries in North America, coupled with the region's advanced IT and cloud infrastructure, has created a fertile ground for cybersecurity solutions. The adoption of cutting-edge technologies such as artificial intelligence (AI), machine learning, and blockchain is becoming prevalent across major industry verticals, enhancing the need for robust cybersecurity measures.

As the digital landscape evolves, so do the expectations of citizens regarding government services, leading to a more mature digital government ecosystem in North America. Cybersecurity has emerged as a critical component of business operations, particularly in sectors like banking, financial services, insurance (BFSI), government, defense, and healthcare, where safeguarding against cyber threats is paramount. The US and Canada have implemented comprehensive strategies to address these threats, including recent initiatives like the executive order signed by President Biden in February 2024, aimed at bolstering cybersecurity at US ports.

The region has also witnessed a dramatic increase in cybercrime, with the FBI's Internet Crime Complaint Center (IC3) reporting 859,532 complaints in 2024, resulting in losses of US$ 16.6 billion—a 33% increase from the previous year. Notably, cryptocurrency fraud has surged, accounting for US$ 9.3 billion in losses, a staggering 66% rise compared to 2023. Ransomware attacks targeting critical infrastructure have increased by 9%, while business email compromise (BEC), phishing, and investment fraud have collectively represented 83% of reported losses. This alarming trend underscores the urgent need for advanced cybersecurity solutions as threat actors become increasingly sophisticated.

The North American cybersecurity market is characterized by a diverse array of players focused on innovation. Key companies include Microsoft, Broadcom, Okta Inc., and IBM Corporation, all of which are actively developing cutting-edge solutions to meet the growing demand for cybersecurity. The integration of AI into cybersecurity solutions is a transformative trend that is reshaping the market. AI technologies enhance threat detection, automate incident response, and improve overall security posture, making them essential in combating advanced cyber threats.

AI systems can analyze vast amounts of data quickly, identify patterns, and detect anomalies indicative of malicious activity, often preemptively. Machine learning algorithms adapt over time, learning from new threats and improving their predictive capabilities. This is particularly crucial for addressing zero-day attacks and advanced persistent threats (APTs). Leading vendors are embedding AI and machine learning into their platforms to provide intelligent and scalable cybersecurity solutions. For example, Honeywell's introduction of AI-powered cybersecurity solutions in June 2025 highlights the industry's shift towards integrating AI for enhanced operational resilience.

The North American cybersecurity market is further segmented by component, type, organization size, and industry vertical. In 2024, solutions accounted for the largest market share, with network security being the most significant type. Large enterprises dominated the market, reflecting the substantial investments made by these organizations in cybersecurity. The BFSI sector also held the largest share among industry verticals, driven by stringent regulatory requirements and the need for robust security measures.

The US continues to lead the North American cybersecurity market, bolstered by a stringent regulatory environment and proactive measures in response to past cyberattacks. The FBI reported that cyberattacks in 2023 resulted in financial losses of US$ 12.3 billion, further emphasizing the critical need for effective cybersecurity solutions. The incorporation of AI for detecting phishing attempts and the growing acceptance of cloud-based security solutions are additional factors contributing to market growth in the US.

In summary, the North America cybersecurity market is poised for significant growth, driven by increasing digitalization, rising cyber threats, and the presence of major market players. As organizations continue to prioritize cybersecurity, the integration of AI and innovative solutions will play a pivotal role in shaping the future of the industry.
1. INTRODUCTION

1.1 Report Guidance
1.2 Market Segmentation

2. EXECUTIVE SUMMARY

2.1 Key Insights
2.2 Market Attractiveness

3. RESEARCH METHODOLOGY

3.1 Secondary Research
3.2 Primary Research
  3.2.1 Hypothesis formulation:
  3.2.2 Macroeconomic factor analysis:
  3.2.3 Developing base number:
  3.2.4 Data Triangulation:
  3.2.5 Country-level data:

4. CYBERSECURITY MARKET LANDSCAPE

4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
  4.3.1 Solution Providers
  4.3.2 Regulatory and Compliance Bodies
  4.3.3 Service Providers and System Integrators
  4.3.4 End-Use Industry
  4.3.5 List of Vendors in the Value Chain

5. NORTH AMERICA CYBERSECURITY MARKET - KEY MARKET DYNAMICS

5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Future Trends
5.5 Impact of Drivers and Restraints:

6. CYBERSECURITY MARKET - NORTH AMERICA MARKET ANALYSIS

6.1 North America Cybersecurity Market Revenue (US$ Billion), 2024 - 2031
6.2 North America Cybersecurity Market Forecast and Analysis

7. NORTH AMERICA CYBERSECURITY MARKET REVENUE ANALYSIS - BY COMPONENT

7.1 Solution
  7.1.1 Overview
  7.1.2 Solution: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
7.2 Services
  7.2.1 Overview
  7.2.2 Services: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)

8. NORTH AMERICA CYBERSECURITY MARKET REVENUE ANALYSIS - BY TYPE

8.1 Network Security
  8.1.1 Overview
  8.1.2 Network Security: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
8.2 Endpoint Security
  8.2.1 Overview
  8.2.2 Endpoint Security: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
8.3 Application Security
  8.3.1 Overview
  8.3.2 Application Security: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
8.4 Infrastructure Security
  8.4.1 Overview
  8.4.2 Infrastructure Security: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
8.5 Others
  8.5.1 Overview
  8.5.2 Others: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)

9. NORTH AMERICA CYBERSECURITY MARKET REVENUE ANALYSIS - BY ORGANIZATION SIZE

9.1 Large Enterprises
  9.1.1 Overview
  9.1.2 Large Enterprises: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
9.2 SMEs
  9.2.1 Overview
  9.2.2 SMEs: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)

10. NORTH AMERICA CYBERSECURITY MARKET REVENUE ANALYSIS - BY INDUSTRY VERTICAL

10.1 BFSI
  10.1.1 Overview
  10.1.2 BFSI: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
10.2 IT and Telecom
  10.2.1 Overview
  10.2.2 IT and Telecom: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
10.3 Government
  10.3.1 Overview
  10.3.2 Government: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
10.4 Healthcare
  10.4.1 Overview
  10.4.2 Healthcare: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
10.5 Manufacturing
  10.5.1 Overview
  10.5.2 Manufacturing: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
10.6 Retail and Ecommerce
  10.6.1 Overview
  10.6.2 Retail and Ecommerce: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
10.7 Others
  10.7.1 Overview
  10.7.2 Others: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)

11. NORTH AMERICA CYBERSECURITY MARKET - COUNTRY ANALYSIS

11.1 North America
  11.1.1 North America Cybersecurity Market Revenue and Forecast and Analysis - by Country
    11.1.1.1 North America Cybersecurity Market Revenue and Forecast and Analysis - by Country
    11.1.2.2 United States: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
      11.1.2.2.1 United States: North America Cybersecurity Market Share - by Component
      11.1.2.2.2 United States: North America Cybersecurity Market Share - by Type
      11.1.2.2.3 United States: North America Cybersecurity Market Share - by Organization Size
      11.1.2.2.4 United States: North America Cybersecurity Market Share - by Industry Vertical
    11.2.3.3 Canada: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
      11.2.3.3.1 Canada: North America Cybersecurity Market Share - by Component
      11.2.3.3.2 Canada: North America Cybersecurity Market Share - by Type
      11.2.3.3.3 Canada: North America Cybersecurity Market Share - by Organization Size
      11.2.3.3.4 Canada: North America Cybersecurity Market Share - by Industry Vertical
    11.3.4.4 Mexico: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
      11.3.4.4.1 Mexico: North America Cybersecurity Market Share - by Component
      11.3.4.4.2 Mexico: North America Cybersecurity Market Share - by Type
      11.3.4.4.3 Mexico: North America Cybersecurity Market Share - by Organization Size
      11.3.4.4.4 Mexico: North America Cybersecurity Market Share - by Industry Vertical

12 COMPETITIVE LANDSCAPE

12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration

13 INDUSTRY LANDSCAPE

13.1 Overview
13.2 New Product Development
13.3 Merger and Acquisition
13.4 Other Strategic Developments

14 COMPANY PROFILES

14.1 International Business Machines Corp
  14.1.1 Key Facts
  14.1.2 Business Description
  14.1.3 Products and Services
  14.1.4 Financial Overview
  14.1.5 SWOT Analysis
  14.1.6 Key Developments
14.2 Microsoft Corp
  14.2.1 Key Facts
  14.2.2 Business Description
  14.2.3 Products and Services
  14.2.4 Financial Overview
  14.2.5 SWOT Analysis
  14.2.6 Key Developments
14.3 Oracle Corp
  14.3.1 Key Facts
  14.3.2 Business Description
  14.3.3 Products and Services
  14.3.4 Financial Overview
  14.3.5 SWOT Analysis
  14.3.6 Key Developments
14.4 SAP SE
  14.4.1 Key Facts
  14.4.2 Business Description
  14.4.3 Products and Services
  14.4.4 Financial Overview
  14.4.5 SWOT Analysis
  14.4.6 Key Developments
14.5 Broadcom Inc
  14.5.1 Key Facts
  14.5.2 Business Description
  14.5.3 Products and Services
  14.5.4 Financial Overview
  14.5.5 SWOT Analysis
  14.5.6 Key Developments
14.6 Cisco Systems Inc
  14.6.1 Key Facts
  14.6.2 Business Description
  14.6.3 Products and Services
  14.6.4 Financial Overview
  14.6.5 SWOT Analysis
  14.6.6 Key Developments
14.7 Palo Alto Networks Inc
  14.7.1 Key Facts
  14.7.2 Business Description
  14.7.3 Products and Services
  14.7.4 Financial Overview
  14.7.5 SWOT Analysis
  14.7.6 Key Developments
14.8 Fortinet Inc
  14.8.1 Key Facts
  14.8.2 Business Description
  14.8.3 Products and Services
  14.8.4 Financial Overview
  14.8.5 SWOT Analysis
  14.8.6 Key Developments
14.9 CrowdStrike Holdings Inc
  14.9.1 Key Facts
  14.9.2 Business Description
  14.9.3 Products and Services
  14.9.4 Financial Overview
  14.9.5 SWOT Analysis
  14.9.6 Key Developments
14.10 Open Text Corp
  14.10.1 Key Facts
  14.10.2 Business Description
  14.10.3 Products and Services
  14.10.4 Financial Overview
  14.10.5 SWOT Analysis
  14.10.6 Key Developments

15. APPENDIX

15.1 About The Insight Partners
LIST OF TABLES

Table 1. North America Cybersecurity Market Segmentation
Table 2. List of Vendors
Table 3. North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Table 4. North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Component
Table 5. North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Type
Table 6. North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Organization Size
Table 7. North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Industry Vertical
Table 8. North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Country
Table 9. United States: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Component
Table 10. United States: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Type
Table 11. United States: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Organization Size
Table 12. United States: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Industry Vertical
Table 13. Canada: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Component
Table 14. Canada: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Type
Table 15. Canada: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Organization Size
Table 16. Canada: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Industry Vertical
Table 17. Mexico: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Component
Table 18. Mexico: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Type
Table 19. Mexico: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Organization Size
Table 20. Mexico: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion) - by Industry Vertical
Table 21. Heat Map Analysis by Key Players
LIST OF FIGURES

Figure 1. North America Cybersecurity Market Segmentation - Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Cybersecurity Market
Figure 4. North America Cybersecurity Market - Key Market Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. North America Cybersecurity Market Revenue (US$ Billion), 2024 - 2031
Figure 7. North America Cybersecurity Market Share (%) - by Component, 2024 and 2031
Figure 8. Solution: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 9. Services: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 10. North America Cybersecurity Market Share (%) - by Type, 2024 and 2031
Figure 11. Network Security: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 12. Endpoint Security: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 13. Application Security: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 14. Infrastructure Security: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 15. Others: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 16. North America Cybersecurity Market Share (%) - by Organization Size, 2024 and 2031
Figure 17. Large Enterprises: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 18. SMEs: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 19. North America Cybersecurity Market Share (%) - by Industry Vertical, 2024 and 2031
Figure 20. BFSI: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 21. IT and Telecom: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 22. Government: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 23. Healthcare: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 24. Manufacturing: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 25. Retail and Ecommerce: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 26. Others: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 27. North America Cybersecurity Market Breakdown by Key Countries, 2024 and 2031 (%)
Figure 28. United States: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 29. Canada: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 30. Mexico: North America Cybersecurity Market - Revenue and Forecast, 2021 - 2031 (US$ Billion)
Figure 31. Company Positioning & Concentration


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