North America Remote Work Security Market Size, Share & Trends Analysis Report By Offering (Solution and Services), By Work Model (Full Remote and Temporary Remote), By Security Type, By End User (BFSI and Others), By Country and Growth Forecast, 2024 - 2031
The North America Remote Work Security Market would witness market growth of 21.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America Remote Work Security Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $55,455.2 million by 2031. The Canada market is experiencing a CAGR of 23.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 22.7% during (2024 - 2031).
This security is the strategies, technologies, and practices that protect information systems, data, and devices in a remote work environment. As remote work has become increasingly prevalent, especially with the rise of digital transformation and the need for flexibility, ensuring robust security measures has become crucial to safeguard against various threats and vulnerabilities.
In addition, these security applications are diverse and essential to protecting digital assets and ensuring the integrity of remote work environments. Beyond traditional VPNs, modern solutions are optimized for remote work, offering improved performance and lower latency. This includes split-tunneling capabilities that allow users to access corporate resources while accessing non-sensitive data securely. Specialized solutions focus on securing remote desktop environments, providing robust protection for remote access software, and preventing unauthorized access or data leakage from virtual desktops.
As e-commerce activities grow, there’s an increased risk of cyberattacks targeting online transactions, customer data, and business operations. This drives demand for robust these security solutions to protect sensitive information employees access from various locations. 2022 the domestic e-commerce industry was valued at USD 26.2 billion, a 23% increase from 2021, as per the International Trade Administration (ITA). Mexican e-commerce consumers numbered 63 million in 2022, representing a 5.5 million increase from 2021. In addition, media and entertainment companies deal with high-value, sensitive content like unreleased films, proprietary scripts, and exclusive media assets. As remote work becomes more prevalent, securing this sensitive content becomes critical, leading to higher demand for specialized remote work security solutions. According to Statistics Canada, the film, television, and video production sector brought in $11.3 billion in operating revenue in 2021, up 20.2% from the previous year. In conclusion, the rising e-commerce sector and the rising media & entrainment industry in the region are driving the market’s growth.
Based on Offering, the market is segmented into Solution and Services. Based on Work Model, the market is segmented into Full Remote, Hybrid, and Temporary Remote. Based on Security Type, the market is segmented into Endpoint & IoT Security, Network Security, Cloud Security, and Application Security. Based on End User, the market is segmented into BFSI, IT & Telecom, Government, Retail & E-Commerce, Education, Media & Entertainment, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- >Cisco Systems, Inc.
- VMware, Inc. (Broadcom Inc.)
- Palo Alto Networks, Inc.
- Check Point Software Technologies Ltd.
- Trend Micro, Inc.
- Fortinet, Inc.
- IBM Corporation
- Microsoft Corporation
- Sophos Group PLC (Thoma Bravo)
- Cloudflare, Inc.
North America Remote Work Security Market Report Segmentation
By Offering
By Work Model
- >Full Remote
- Hybrid
- Temporary Remote
By Security Type
- >Endpoint & IoT Security
- Network Security
- Cloud Security
- Application Security
By End User
- >BFSI
- IT & Telecom
- Government
- Retail & E-Commerce
- Education
- Media & Entertainment
- Others
By Country
- >US
- Canada
- Mexico
- Rest of North America