Asia Pacific Cyber Security Market to reach $40 billion by 2024


Asia Pacific Cyber Security Market Research Report 2018 to 2024 provides an in-depth analysis of the North America, Latin America, Europe, Asia-Pacific, Middle East and North Africa appraisal market by value, by volume, by segments, by number of AMCs, appraiser’s tenure, etc. The report also gives an insight of the Asia Pacific addressable appraisal market opportunity.

On the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth, sustainability, financial overview and recent developments.

This report provides a detailed analysis of the Cyber Security market with description of market sizing and growth, segmentation of market by products & services and major markets, top market players etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.

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Essential points covered in Asia Pacific Cyber Security Market 2018 Research are:-

  • What will the market size and the growth rate be in 2024?
  • What are the key factors driving the Asia Pacific Cyber Security market?
  • What are the key market trends impacting the growth of the Asia Pacific Cyber Security market?
  • What are the challenges to market growth?
  • Who are the key vendors in the Asia Pacific Cyber Security market?
  • What are the market opportunities and threats faced by the vendors in the Asia Pacific Cyber Security market?
  • What are the key outcomes of the five forces analysis of the Asia Pacific Cyber Security market?

This independent 210 pages report guarantees you will remain better informed than your competition. With over 150 tables and figures examining the Cyber Security market, the report gives you a visual, one-stop breakdown of the leading products, submarket and market leader’s market revenue forecasts as well as analysis to 2024.

Furthermore, the report provides a detailed analysis of the Asia Pacific Cyber Security market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.The report also includes a detailed analysis of the Asia Pacific Cyber Security market by countries, comprising of its market by value, volume, and ARPU and penetration rate.

Growth Drivers & Challenges :
Growing adoption of digital technologies and rising number of high profile cyber attacks in past few years is increasing the adoption of cyber security solutions. Mounting number of internet users in APAC region is also creating huge mobile network traffic. Implementation of internet of things (IoT) connectivity is increasing the vulnerability of cyber attacks which is a major factor to drive the growth of cyber security business in the region.

Less penetration of cyber security strategies, low investment on IT security management and high usage of non-genuine software is hindering the growth of cyber security market in the region. Out of 5, 3 computers are running on non-genuine software in APAC region, growing the risk for cyber attacks. As compared to North America, Asian IT firms spend 48% less on information security system. Lack of transparency and less cyber regulations by government in low economic countries is a major challenge for the growth of cyber security business in APAC region.

Companies Mentioned are IBM Corporation, Dell Root 9B, Herjavec, Check Point Software Technologies Ltd., Palo Alto Networks, Symantec Corp, McAfee, Kaspersky Lab, Trend Micro Inc., Fortinet Inc., FireEye Inc., Trend Micro, Imperva Inc., CyberArk Software Ltd., AVG Technologies

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 Asia-Pacific region come across maximum number of cyber attacks and over 25% of ransomware attacks were commenced. This growing cyber risk is raising awareness and requirement to mitigate cyber threats in Asia-Pacific region. Increasing digital transformation and connectivity APAC region is making it exposed to cyber threats. In 2016, over USD 80 million were stolen from bank in Bangladesh through cyber attack. In the same year frequent hacking of Philippines government sites were reported. Rising number of such incidents is propelling the demand of cyber security in APAC region. Moreover, government is also taking initiatives towards cyber laws and data security. Department of Defense Information Assurance Certification and Accreditation Process (DIACA), Health Insurance Portability and Accountability Act (HIPPA) and Payment Card Industry Data Security Standard (PCI-DSS) provided important guidelines which are mandatory to follow. Stringent policies related with deployment of cyber security solutions are encouraging the expansion of cyber security business in the region.

However, lack of education and awareness on cyber security is hindering the growth of cyber security market in the region. More than 75% of Asian population has no education about cyber security. Lack of awareness and proper infrastructure in least networked countries such as Cambodia and Myanmar is weakening the growth of cyber security market in APAC region.

The Asia-Pacific cyber security Market valued USD 15.92 billion and is estimated to reach USD 48.7 billion by the end of 2024, growing at compound annual growth of 15.0% over the forecast period.
Japan occupies the largest share of APAC cyber security market followed by China and Singapore. Cyber security is a major threat to an economy of emerging digital countries. China is the leading country in cloud computing market followed by Japan and Indonesia. As per International Data Corporation and National University of Singapore, Asia-Pacific region is projected to spend over USD 200 billion for cyber security breaches in next three years. However, no law on data protection in Indonesia is likely to impact negatively the growth of cyber security market in the region.

There are growing demands for Internet of Things (IoT) solutions in countries such India, Malaysia and Hong Kong. India cyber security market valued USD 1.2 billion USD in 2016. High income group countries such as Australia and New Zealand cyber security market are expected to reach over USD 4 billion by the end of 2024.

The Cyber Security market is expected to increase due to growth in GDP per-capita, international tourism, etc. Yet, the market faces some challenges such as, Asia Pacific economic downturn, high probability of terror attack, etc. The Asia Pacific Cyber Security market is expected to grow at a healthy rate during the forecast period (2018-2024). The growth is expected on account of many factors, such as an increase in disposable income, increasing international inbound and outbound tourism and aging demography.

However, the market also faces some challenges, which includes increase in the number of terror attacks, heavy taxes imposed on the tour operators and seasonality dependence. Digital travel, evolution of eco-tourism and rise of adventure tourism are some of the latest trends in the Asia Pacific Cyber Security market.

The report provides a basic overview of the Cyber Security industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.

Then, the report focuses on Asia Pacific major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Cyber Security industry development trends and marketing channels are analyzed.

The research includes historic data from 2014 to 2017 and forecasts until 2024 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Cyber Security on the basis of stating current situation of the industry in 2018 so as to make comprehensive organization and judgment on the competition situation and development trend of Cyber Security Market and assist manufacturers and investment organization to better grasp the development course of Cyber Security Market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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MarketInsightsReports provides syndicated market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. These reports include in-depth market research studies i.e. market share analysis, industry analysis, information on products, countries, market size, trends, business research details and much more. MarketInsightsReports provides Asia Pacific and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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