APAC Cyber Security Market Size, Trends & Growth Opportunity, By Type (Network Security, Cloud Security, Application Security, EndPoint Security, Wireless Network Security, and Others), By Solution (Threat Intelligence & Response, Identity & Access Manage

APAC Cyber Security Market Size, Trends, & Growth Opportunity, By Type (Network Security, Cloud Security, Application Security, Endpoint Security, Wireless Network Security, and Others), By Solution (Threat Intelligence & Response, Identity & Access Management, Data Loss Prevention, Security & Vulnerability Management, Unified Threat Management, Enterprise Risk and Compliance, Managed Security, and Others), By Deployment (Cloud, and On-Premise), By Industry (Aerospace, Défense & Intelligence, BFSI, Healthcare, Manufacturing, Retail, Government, IT & Telecommunication, Others), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.

APAC Cyber Security Market

APAC Cyber security Market was valued at USD 40.35 billion in 2021 and is expected to reach USD 69.32 billion by 2027, at a CAGR of 8.84% from 2022 to 2027.

Cybersecurity is the type of technology that protects systems and software from cybercrimes such as phishing, spoofing, tampering, and eavesdropping. Cybersecurity technology is used to safeguard computers, network data, and programmes from unlicensed or spontaneous access. As many enterprises collect and use greater volumes of personal data, sophisticated data breaches have become rampant.

Market Drivers

Rising cyber-attacks is one of the key driving factors which is expected to boost the APAC cyber security market growth. Cyber-attacks are committed by using computer networks and other forms of information and communication technology (ICT). These contain the creation and spread of malware for financial gain and hacking to steal sensitive personal or industry data. Furthermore, rising cybercrimes in the APAC region are due to an increase in digital connectivity, rising cross-border data interactions, weak regulations, and a lack of cyber security awareness. All these factors are expected to propel the cyber security market in the APAC region.

Market Restraints

The change in cyber security standards, rules, and regulations is the major restraining factor impacting the expansion of the cyber security market. Various regions have their own sets of standards. This factor influences the cyber security market.

However, encryption has met greater resistance in China. The government's implementation & encryption regulations are among the most restrictive in the world, giving the government full access to all encrypted content within its domestic territory.

Market Segmentation

The APAC Cyber Security Market is segmented into type, solution, deployment, industry, and region.

Based on industry, the government segment is forecast to contribute more than 25% share of the Asia Pacific cybersecurity market by 2027.

Regional Analysis

The APAC Cyber Security Market is segmented into various countries such as China, Japan, India, Taiwan, Thailand, South Korea, Indonesia, Singapore, the Philippines, Vietnam, Hong Kong, Malaysia, Australia, and New Zealand.

The Japanese government and firms have increasingly shown interest in the field of cyber security. With the Asia Pacific region emerging as one of the most targeted regions in terms of ransomware and other cyberattacks, government agencies have upped efforts to overcome these threats. However, several APAC countries are gearing up to impose data breach notification and data protection laws.

Key Players

Various key players are discussed in this report, such as NEC Corporation, Cisco Systems Inc., Dell Technologies Inc., Kaspersky Labs, IBM Corporation, Palo Alto Networks Inc., Symantec Corporation, Trend Micro Inc., Fortinet Inc., Trend Micro Incorporated, and others.

Market Taxonomy

By Type

• Network Security
• Cloud Security
• Application Security
• Endpoint Security
• Wireless Network Security
• Others

By Solution

• Threat Intelligence & Response
• Identity & Access Management
• Data Loss Prevention
• Security & Vulnerability Management
• Unified Threat Management
• Enterprise Risk and Compliance
• Managed Security
• Others

By Deployment

• Cloud
• On-Premise

By Industry

• Aerospace
•     Defense & Intelligence
• BFSI
• Healthcare
• Manufacturing
• Retail
• Government
• IT & Telecommunication
• Others

By Country

• China
• Japan
• India
• Taiwan
• Thailand
• South Korea
• Indonesia
• Singapore
• Philippines
• Vietnam
• Hong Kong
• Malaysia
• Australia
• New Zealand

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