Australia Cyber Security Markets Forecast & Opportunities, 2021-2026: Network Security, Endpoint Security, Application Security, Cloud Security, Content Security - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Australia Cyber Security Market By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security, Content Security, Others), By Solutions Type, By Deployment Mode, By End Use Industry, By Company, By Region, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.

The Australian Cyber Security Market is expected to grow at an impressive rate during the forecast period.

The Australian Cyber Security Market is driven by the growing cyber security concerns from both internal and external sources within organizations. This has drastically increased the demand for organization security solutions in order to minimize the damage to the IT resources and important organizational data. This in turn is expected to positively impact the market growth during the forecast period.

Furthermore, increasing adoption cloud computing, machine learning, IoT, AI, among others in cyber security solutions is expected to create lucrative opportunities for the market growth through 2026. However, dearth of skilled professionals to prevent cyber attacks and manage the cyber security solutions can hamper the market growth over the next few years. Besides, adhering to cyber security norms and standardization can also restrict the market growth.

The Australian Cyber Security Market is segmented based on security type, solution type, deployment mode, end-user industry, company, and region.

Based on deployment mode, the market can be bifurcated into on-premise and cloud. The cloud segment is expected to dominate the market owing to the associated benefits such as scalability, flexibility, low operational costs, auto-update feature, among others.

Based on end-user industry, the market can be fragmented into BFSI, IT & telecom, defense, energy & power, retail, healthcare and others. The healthcare segment is expected to hold a significant market share during the forecast period owing to the increased use of cyber security solutions in hospitals, diagnostic labs, clinics, ambulatory centers, among others to protect patient records.

The major players operating in the cyber security market are IBM Australia Ltd., Broadcom, Fortinet Australia, Cisco Systems Australia Pty Ltd, Oracle Corporation Australia Pty Ltd, Trend Micro Australia Pty Ltd, Microsoft Australia, Rapid7 Australia Pty Ltd., AWS Australia, Juniper Networks Australia Pty Ltd and others.

Major companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Years considered for this report:

• Historical Years: 2016-2019
• Base Year: 2020
• Estimated Year: 2021
• Forecast Period: 2022-2026

Key Target Audience:

• Cyber security service provider companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to cyber security

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, the Australian Cyber Security Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Australia Cyber Security Market, By Security Type:

• Network Security
• Endpoint Security
• Application Security
• Cloud Security
• Content Security
• Others

Australia Cyber Security Market, By Solution Type:

• Identity & Access Management
• Risk & Compliance Management
• Encryption & Decryption
• Data Loss Prevention
• Unified Threat Management
• Firewall
• Antivirus & Malware
• Intrusion Detection/Prevention System
• Infrastructure Security
• Others

Australia Cyber Security Market, By Deployment Mode:

• On-Premise
• Cloud

Australia Cyber Security Market, By End-User Industry:

• BFSI
• IT & Telecom
• Defense
• Energy & Power
• Retail
• Healthcare
• Others

Australia Cyber Security Market, By Region:

• New South Wales
• Queensland
• Northern Territory
• Tasmania
• Victoria
• Western Australia
• South Australia

Companies Mentioned

• IBM Australia Ltd.
• Broadcom
• Fortinet Australia
• Cisco Systems Australia Pty Ltd
• Oracle Corporation Australia Pty Ltd
• Trend Micro Australia Pty Ltd
• Microsoft Australia
• Rapid7 Australia Pty Ltd.
• AWS Australia
• Juniper Networks Australia Pty Ltd

For more information about this report visit https://www.researchandmarkets.com/r/urqfdh