Market Research Report
Asia-Pacific Cyber Security Market 2019-2025
|Published by||Orion Market Research Pvt Ltd||Product code||942970|
Delivery time: 2-3 business days
|Asia-Pacific Cyber Security Market 2019-2025|
|Published: February 24, 2020||Content info:||
Asia-Pacific Cyber Security Market Size, Share & Trends Analysis Report by Type (Network Security, Application Security, Mobile Security, Wireless Security, Cloud Security, and Others), by Solutions (Risk and Compliance Management, Identity and Access Management, Data Loss Protection, Firewall, Unified Threat Management, Encryption, Antimalware and Antivirus, DDOS mitigation, Others), and by Vertical (Government, Aerospace & Defense, BFSI, Telecommunication, Healthcare, Retail, and Others) Forecast Period 2019-2025
Asia-Pacific Cyber Security market is growing at a CAGR of around 13.2% during the forecast period. The Asia Pacific is the fastest-growing region for the cyber security market owing to the increasing number of cyber-attacks and growing digitalization in the region. A significant increase in cyber-attacks cases has been witnessed during the last couple of years. Cyber-attacks in Asia have risen up to 45% as compared to the previous years. Digitalization in developing countries such as India and China enabled them as honey-pots for attackers.
Presence of strong IT industry in India and China is one of the major factors that are driving the growth of the Asia-Pacific cyber security market. Moreover, as per Global Risk Report, 80% of Asia exposed to cyber-attacks as compared to other regions. The major reasons for this exposure are the growing internet penetration and the rising adoption of the IoT devices. Increasing adoption of the IoT devices has expanded the sources of vulnerability in the Asia Pacific region and has significant impact on the growth of the Asia-Pacific cyber security market. The major advantage of adopting these devices is its more efficient modes of communication and information sharing.
Increasing adoption of the IoT devices enables new and Global IoT connectivity is estimated to reach 25 billion units by the end of the year 2020, out of which the Asia Pacific region is estimated to account for 8.6 billion units. Further, increasing the adoption of IoT devices leads to the development of digitally connected devices. However, higher interconnectivity through the plethora of IoT devices results in the development of new means of cyber-attack. Therefore, the presence that rising IoT adoption will augment the demand for the Asia-Pacific cyber security market during the forecast period.
The market study of the Asia-Pacific Cyber Security market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
The Report Covers: