Asia-Pacific Cybersecurity Market Analysis & Forecasts 2018-2023, With an Expected CAGR of 15% - ResearchAndMarkets.com

DUBLIN--()--The "Asia-Pacific Cybersecurity Market (2018-2023)" report has been added to ResearchAndMarkets.com's offering.

Asia-Pacific cybersecurity market is anticipated to grow at an overall compound annual growth rate (CAGR) of 15% and will be worth of USD 46.09 Bn by 2023.

With increased internet penetration, cyberattacks are becoming more powerful, allowing hacker's greater access to new technology. One such example is the production a malware called Flame'. The improved accuracy and frequency of cyber threats across different parts of the Asia-Pacific region is one of the predominant factors that is anticipated to drive the demand of various cybersecurity solutions.

Increase in cloud services, for social media and mobile devices, has made traditional security systems obsolete. Digital identity has become the crucial access to control mechanism. Hence, it enforces the adoption of cybersecurity solutions among Enterprises.

By countries, the Asia-Pacific cybersecurity market is divided into China, Japan, India and the rest of APAC. Japan is one of the largest markets in the Asia-Pacific region. This is because the country had already mandated uniform cybersecurity standards for government organizations in 2014, to prevent unauthorized access and activity. The Japanese government is working on a number of policies and awareness initiatives to improve the cyber rating of the country.

By end use industries, Asia-Pacific's cybersecurity solution are classified into financial services, telecommunication, healthcare, public sector, and others. The Financial sector is expected to dominate the market because this sector is heavily targeted by cyber threats. In 2016, Japan witnessed a massive cyber-attack- around 14000 ATMs were attacked and the banking sector had to face huge cybercrime costs.

Companies Mentioned

  • IBM Corporation
  • Cisco System
  • Symantec Corporation
  • Check point Software
  • Palo Alto Network Inc.
  • Trend Micro Inc.

Key Topics Covered:

Chapter 1: Executive summary

Chapter 2: Asia-Pacific cybersecurity market

Chapter 3: Asia-Pacific cybersecurity market - by industries

Chapter 4: Asia-Pacific cybersecurity market - by solution

Chapter 5: Asia-Pacific cybersecurity market- by countries

Chapter 6: Company profiles

Chapter 7: Conclusion

For more information about this report visit https://www.researchandmarkets.com/research/3xbf5d/asiapacific?w=4

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Related Topics: IT Security

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: IT Security