Market Research Report
Asia Pacific Cyber Security Market Forecast 2021-2028
|Published by||Inkwood Research||Product code||969267|
|Published||Content info||131 Pages
Delivery time: 2-3 business days
|Asia Pacific Cyber Security Market Forecast 2021-2028|
|Published: November 9, 2020||Content info: 131 Pages||
The Asia Pacific cyber security market is evaluated to project a CAGR of 11.94%, across the forecast years of 2021 to 2028. The region's market growth is driven by factors like, the surging prevalence of cybersecurity, the increased number of cyber-attacks, and the initiatives and strategies introduced by various governments.
The Asia Pacific cyber security market is assessed by analyzing Japan, Indonesia, Thailand, Australia & New Zealand, Vietnam, China, India, South Korea, and the rest of the Asia Pacific. South Korea is turning into one of the primary targets for cyber-attacks, owing to the country's advanced use of mobile devices, the growing number of connected gadgets, and substantial intellectual property. Besides, South Korea records nearly 2 billion cyber-attacks daily, targeting citizens, the government, as well as private enterprises. As a result, the country has acknowledged cyber-security as a matter of national concern and security. For instance, South Korea intensified its security protocols over the years, following numerous high-profile hacking cases, such as the cyber-attack on Korea Hydro and Nuclear Power (KHNP) plant, in 2014.
Conversely, Australia has several laws associated with cyber security domains and privacy. On account of the increasing cybercrimes, the Australian Federal Government, in addition to various State Governments, is amending pre-existing laws and introducing new regulations in order to reduce cyber intrusions. As a result, these factors are anticipated to propel the Asia Pacific cyber security market during the forecast period.
Distinguished players operating in the market include, Cisco Systems, FireEye Inc, Dell Technologies Inc, IBM Corporation, etc.