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.
- 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
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