Asia-Pacific Cyber Security market is growing at a CAGR of around 13.2% during the forecast period. The Asia Pacific is the fastest-growing region for the cyber security market owing to the increasing number of cyber-attacks and growing digitalization in the region. A significant increase in cyber-attacks cases has been witnessed during the last couple of years. Cyber-attacks in Asia have risen up to 45% as compared to the previous years. Digitalization in developing countries such as India and China enabled them as honey-pots for attackers.
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Presence of strong IT industry in India and China is one of the major factors that are driving the growth of the Asia-Pacific cyber security market. Moreover, as per Global Risk Report, 80% of Asia exposed to cyber-attacks as compared to other regions. The major reasons for this exposure are the growing internet penetration and the rising adoption of the IoT devices. Increasing adoption of the IoT devices has expanded the sources of vulnerability in the Asia Pacific region and has significant impact on the growth of the Asia-Pacific cyber security market. The major advantage of adopting these devices is its more efficient modes of communication and information sharing.
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Increasing adoption of the IoT devices enables new and Global IoT connectivity is estimated to reach 25 billion units by the end of the year 2020, out of which the Asia Pacific region is estimated to account for 8.6 billion units. Further, increasing the adoption of IoT devices leads to the development of digitally connected devices. However, higher interconnectivity through the plethora of IoT devices results in the development of new means of cyber-attack. Therefore, the presence that rising IoT adoption will augment the demand for the Asia-Pacific cyber security market during the forecast period.
Asia-Pacific Cyber Security Market Segmentation
• Network Security
• Application Security
• Mobile Security
• Wireless Security
• Cloud Security
• Risk and Compliance Management
• Identity and Access Management
• Data Loss Protection
• Unified Threat Management
• Antimalware and Antivirus
• DDOS mitigation
• Others (Security and Vulnerability Management, and Disaster Recovery)
• Aerospace & Defense
• Others (Manufacturing, and Transportation)
• Rest of Asia-Pacific
• Booz Allen Hamilton
• Capgemini SE
• CISCO Corp.
• CSC Corp.
• DELL (Secureworks Inc.)
• IBM Corp.
• Intel Corp.
• Lockheed Martin Corp.
• Palo Alto Networks
• Symantec Corp.
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