Asia Pacific Encryption Software Market Forecast 2019-2028
The Asia Pacific encryption software market is predicted to evolve at a CAGR of 14.60% during the forecast period, 2019-2028. The region is witnessing increasing corporate data breaches, resulting in business-critical applications facing malicious threats. The implementation of government regulations in several industries like automotive, BFSI, and IT & Telecom, is expected to supplement the market growth. The region also houses countries like India, Japan, and China, which are emerging markets for hardware encryption.
South Korea, Indonesia, India, Japan, China, Australia & New Zealand, Thailand, Australia & New Zealand, and the rest of Asia Pacific are analyzed for assessing the Asia Pacific encryption software market growth. South Korea is becoming one of the prime targets for cyberattacks, given the increasing number of connected devices, significant intellectual property, and the advanced use of mobile devices. The use of cloud increases the risk of security, which is resulting in organizations focusing on data protection solutions. The country is witnessing an increasing number of organizations transferring data to the cloud. Such factors call for a hardened environment with higher levels of trust, control, and integrity for data and applications.
In Thailand, the rising online population and services like e-commerce, digital government services, and mobile banking, have resulted in cyberattacks. However, the country’s adoption of advanced security technology is hindered by a lack of knowledge of process and technology, compatibility issues with legacy systems, and a shortage of trained personnel. In Indonesia, there emerges an urgent need for a law of cybersecurity, given the alarming level of cyber threats. The country ranks fifth in the world, when it comes to the highest number of internet users. The law enforcement institutions of the country are not competent enough to combat cyber threats. Such factors are expected to provide ample market growth opportunities in the region.
Some of the eminent players in the market are MacAfee Llc, Fortinet Inc, International Business Machines Corporation, Trend Micro Incorporated, Microsoft Corporation, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook