The report recognizes the following companies as the key players in the cyber security market in North America: Booz Allen Hamilton, Cisco Systems, CSC, Fortinet, General Dynamics, McAfee, Northrop Grumman and Symantec
Other Prominent Vendors in the market are: BAE Systems, Brocade Communications Systems, Check Point Software Technologies, EMC, HP, IBM, Juniper Networks, Kaspersky Lab, L-3 Communications, Lockheed Martin, Palo Alto Networks and Raytheon
Commenting on the report, an analyst said: “Organizations find it difficult to manage stand-alone or integrated network components because of issues such as budget constraints and lack of resources and expertise to address security problems. Hence, organizations opt for cloud-based security solutions that are cost-effective and compatible with PCI DSS regulations and offer round-the-clock monitoring of systems.”
According to the report, increased dependency on web applications leads to an unprecedented rise in cyber-attacks, including APTs. These APTs can affect the IT infrastructure of an organization and are generally intended to target critical infrastructures such as government websites, customer databases, and web servers, and can cause more harm than other types of cyber threats. In addition, APTs can be detected only after an attack. To better secure their networks, organizations in North America are adopting network security solutions, which is driving the growth of the cyber security market in North America.
Further, the report states that the overall cost of cyber security solutions includes the cost of software licensing, system designing and customization, implementation, training, and maintenance.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Jun 16, 2015