Cybersecurity Software Services in Australia - Industry Market Research Report
Description
Cybersecurity Software Services in Australia - Industry Market Research Report
Cybersecurity Software Services in Australia
As technology has become more complex, the Cybersecurity Software Services industry has had many opportunities to expand its reach and performance. Businesses and consumers are relying more heavily on technology for their daily activities, which has fuelled demand for basic and advanced cybersecurity measures. Cloud storage and cloud computing uptake have generated an always-online culture for firms and consumers, which leaves their data and sensitive information more vulnerable to cyberattacks. As businesses have been investing more in measures to protect against cyberattacks, the industry has been expanding. Revenue has been climbing at an annualised 6.1% over the past five years and is expected to total $2.0 billion in 2022-23. This rise includes an estimated spike of 14.6% in the current year, as high-profile data breaches – like those involving Medibank and Telstra – have encouraged more investment in cybersecurity solutions.
Cybersecurity software providers offer a variety of cybersecurity software solutions, like antivirus, virtual private networks and two-factor authentication. Cybersecurity consulting services, like procuring secure hardware and training personnel on cyber safety, are not included in the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Cybersecurity Software Services in Australia
As technology has become more complex, the Cybersecurity Software Services industry has had many opportunities to expand its reach and performance. Businesses and consumers are relying more heavily on technology for their daily activities, which has fuelled demand for basic and advanced cybersecurity measures. Cloud storage and cloud computing uptake have generated an always-online culture for firms and consumers, which leaves their data and sensitive information more vulnerable to cyberattacks. As businesses have been investing more in measures to protect against cyberattacks, the industry has been expanding. Revenue has been climbing at an annualised 6.1% over the past five years and is expected to total $2.0 billion in 2022-23. This rise includes an estimated spike of 14.6% in the current year, as high-profile data breaches – like those involving Medibank and Telstra – have encouraged more investment in cybersecurity solutions.
Cybersecurity software providers offer a variety of cybersecurity software solutions, like antivirus, virtual private networks and two-factor authentication. Cybersecurity consulting services, like procuring secure hardware and training personnel on cyber safety, are not included in the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
41 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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