Market Insights Technology Cybersecurity Cyber Solutions

Other Solutions - North America

North America

The projected revenue in the Other Solutions market in North America is expected to reach US$14.76bn in 2024.
This signifies a substantial growth potential in the market segment.
Moreover, it is anticipated that the revenue will exhibit an annual growth rate (CAGR 2024-2029) of 8.21%.
As a result, the market volume is projected to reach US$21.90bn by 2029.
This indicates a promising future for the Other Solutions market in the region.
Additionally, it is noteworthy that the average Spend per Employee in the Other Solutions market is estimated to reach US$57.85 in 2024.
This indicates the level of investment and expenditure within the sector.
In a global context, it is anticipated that United States will generate the highest revenue in the Other Solutions market, with an estimated revenue of US$13,460.0m in 2024.
This highlights the dominant position of the United States in the market segment, solidifying its status as a key player in North America and globally.
In North America, the market for other solutions is experiencing a surge in demand due to the increasing focus on sustainability and environmental consciousness.

Key regions: Saudi Arabia, Spain, Canada, Germany, Europe

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2C, B2B and B2G enterprises. Figures are based on security spending excluding VAT and the number of cyberattacks.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial statements of the market-leading companies and industry associations, national statistical offices, and specific countries’ security organizations (e.g., German Cyber Security Council, Canadian Centre for Cyber Security). Furthermore, we use relevant key market indicators and data from country-specific associations, such as GDP and internet penetration. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. Possible techniques are, for example, exponential trend smoothing and the autoregressive integrated moving average (ARIMA) forecasting algorithm. The main drivers are GDP, internet users, level of digitization, and consumer attitude towards data and IT security.

Additional notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.