Cyber Security Market in the APAC Region 2015-2019
About Cyber Security
Cyber threats are internet-based attempts that disrupt or damage IT systems and hack critical information using spyware, malware, and phishing. Cyber security solutions help organizations detect, monitor, report, and counter cyber threats and maintain the confidentiality of IT systems. Increased internet penetration has led an exponential rise in sophisticated attacks on IT business infrastructure. Organizations are increasingly adopting cyber security solutions to protect critical data or any digital asset stored in a computer or any digital memory device. Cyber threats are becoming the major concern with the increase in usage of mobile devices and applications.
TechNavio's analysts forecast the Cyber Security market in the APAC region to grow at a CAGR of 15.15 percent over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the Cyber Security market in the APAC region for the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sales of cyber security solutions in the APAC region. The report also includes the market insights, description, and market landscape for the Cyber Security market in the APAC region.
TechNavio's report, Cyber Security Market in the APAC Region 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the Cyber Security market landscape in the APAC region and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Cyber Security Market in the APAC Region 2015-2019
TechNavio recognizes the following companies as the key players in the Cyber Security Market in the APAC Region: BAE Systems plc, Cisco Systems Inc., Lockheed Martin Corp., Northrop Grumman Corp., Raytheon Co. and Symantec Corp.
Other Prominent Vendors in the market are: Boeing, CSC, EMC, Fortinet, Hewlett-Packard, IBM, Kaspersky Lab, L-3 Communications, McAfee and TrendMicro
Commenting on the report, an analyst from TechNavio’s team said: “Demand for cloud-based security solutions is one key trend emerging in this market. End-users prefer cloud-based security solutions because they are cost-effective and can be easily managed. Therefore, both large enterprises and SMEs in the APAC region are increasingly adopting cloud-based cyber security solutions.”
According to the report, one of the major drivers of the market is increased use of mobile devices such as tablets and laptops, which has made it difficult to identify cyber threats. With the rising need to integrate networks with mobile devices of employees, demand for security solutions to prevent misuse of confidential data through fraudulent activities has also been on the rise.
Further, the report states that high cost of deployment of cyber security solutions is one of the major challenges for the market. Implementing a traditional cyber security solution takes time. This makes the implementation process very critical because once deployed, making changes to it becomes an expensive affair. Also, it requires additional high-cost IT infrastructure, complex programming, and extra time to ensure quality and integration with other solutions.
BAE Systems, Cisco Systems, Lockheed Martin, Northrop Grumman, Raytheon, Symantec, Boeing, CSC, EMC, Fortinet, Hewlett-Packard, IBM, Kaspersky Lab, L-3Communications, McAfee, TrendMicro
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