North America Data Diode Security Products Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type, and Application

According to a new market research study on “North America Data Diode Security Products Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 104.70 million by 2027 from US$ 76.56 million in 2019. The market is estimated to grow at a CAGR of 5.6% from 2020 to 2027. The report provides trends prevailing in the North America data diode security products market along with the drivers and restraints pertaining to the market growth. Need of securing critical infrastructure is the major factor driving the growth of the North America data diode security products market. However, issues associated with restrictions related to TCP/IP protocols hinders the growth of North America data diode security products market.

The North America market for data diode security products is segmented into type, application, and country. Based on type, the North America market is segmented into non-ruggedized data diode and ruggedized data diode. In 2019, the non-ruggedized data diode segment held the largest share of North America data diode security products market. Based on application, the North America data diode security products market is divided into government, oil and gas, BFSI, and others. Government segment is expected to be the fastest growing segment over the forecast period.

In North America, the US is a prominent market for data diode security products, and oil & gas and government sectors hold major opportunities for the market players. The exponential rise in the number of the COVID-19 confirmed cases and related deaths in the country is limiting the activities of corporate and manufacturing sectors, thereby putting restrictions on the production and sales of electronics components. Additionally, the factory and business shutdowns across the US, Canada, and Mexico are restraining the adoption of data diode security products. North America is a home to a large number of manufacturing and technology companies; thus, the impact of the outbreak is seenquite severe in 2020, and it is likely to continue in 2021.

BAE Systems, Belden Inc., Fibersystem AB, Forcepoint, Fox-IT Holding B. V., Owl Cyber Defense, Rohde & Schwarz GmbH & Co. are among the leading companies in the North America data diode security products market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Belden Inc., declared the appointment of OmniCable and WireXpress as premier redistributor partners in the United States.

The report segments the North America Data Diode Security Products Market as follows:

North America Data Diode Security Products Market - By Type

• Non-Ruggedized Data Diode
• Ruggedized Data Diode

North America Data Diode Security Products Market - By Application

• Government
• Oil & Gas
• BFSI
• Others

North America Data Diode Security Products Market - By Country

• US
• Canada
• Mexico

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