North America
North America is the most affected region in the world by cybersecurity breaches, and as a result, has the largest number of security as a service providers. Moreover, the increasing adoption of cloud-based applications, technologies, and platforms has further increased the need for enhanced security solutions for these platforms. North America is the early adopter of cybersecurity solutions and services across the globe. Its strategies are generally focused on 3 major categories of threats, namely, confidential data theft, organized crime through cyberspace, and cyber terrorism. This region is also considered to be the most advanced in terms of adopting security solutions, services, and infrastructure. The growing concern for the protection of the critical infrastructure and sensitive data has increased the government’s intervention in recent years. Specific budget allocations, and mandatory PCI DSS and HIPAA policies have been put forth by the government with the intention of making North America the most lucrative market for different categories of vendors. The wide usage of cloud platforms for business functions by the organizations followed by the highly compliance-regulated initiatives taken by the governments in the region to maintain robust security, are enhancing the growth of the security as a service market in the region.