Market Research Report
Asia Pacific Data Diode Security Products Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Non-Ruggedized Data Diode and Ruggedized Data Diode), and Application (Government, Oil & Gas, BFSI, and Others)
|Asia Pacific Data Diode Security Products Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Non-Ruggedized Data Diode and Ruggedized Data Diode), and Application (Government, Oil & Gas, BFSI, and Others)|
Published: November 17, 2020
The Insight Partners
Content info: 95 Pages
Delivery time: 1-2 business days
The data diode security products market in APAC is expected to grow from US$ 110.45 million in 2019 to US$ 136.73million by 2027; it is estimated to grow at a CAGR of 4.3% from 2020 to 2027.Several industries are demanding light weight and compact components to increase their process efficiencies and reduce material costs. Electronics and semiconductor components are becoming more compact and robust with the growing technological advancements to offer high performance in business operations. Developments in nanotechnology are attracting greater investments from industries and governments across the world, which provides opportunities to innovate the advanced nano devices. Several original equipment manufacturers (OEMs) are using miniaturized electronic components to enhance their existing products' competitiveness and offer advanced products. Therefore, the growing trend of miniaturization is compelling the electronics and semiconductor industries to reduce the sizes of their components. This is further boosting the demand for compact and light weight data diodes conferring high data security across various industries. These data diodes secure small devices from external cyber threats while allowing secured data communication. In automotive application, miniaturized data diode can be integrated to share and analyze the performance data. It also establishes a barrier between external connections and the automobile control systems. In IT systems, miniaturized data diode is used to protect confidential digital documents saved in a hard drive to prevent unauthorized access. Therefore, the mounting adoption of miniaturized data diodes in automotive, electronics and semiconductor, and IT and telecom sectors, among others, offers lucrative opportunities for the APAC data diode security products market players to develop several miniature cyber security solutions during the forecast period. Also, the rising adoption of industrial control system is among the other factors that bolsters the growth of the APAC data diode security products market.
Based on application, the data diode security products market is segmented into government, oil & gas, BFSI, and others. The government segment led the SAM data diode security products market in 2019. Federal and state governments need to maintain their digital presence, thereby meeting high usability and effectiveness standards and offer quality information that is readily available to all. This activity is becoming difficult as the federal agencies have reported a large number of incidents related to cyberattacks. Government and military security breaches tend to be high-profile and are targeted by foreign powers with intent of spying, hacktivists seeking to make a political statement, cybercriminals who are looking to monetize the massive amount of personal information in state, federal, and local databases.
In military operations, the information management and data transfer security are important processes, and the networks need to be protected from the external threat. Moreover, vast amount of information passes between internal networks of differing security classifications. Therefore, there is an increasing adoption of data diode security solutions by military organizations for secure network monitoring and system updates, which helps them have better management of the different security classified networks.
The COVID-19 pandemic is adversely affecting APAC. The region is characterized by the presence of a large number of developing countries, positive economic outlook, high industrial presence, huge population, strong investments in industrial infrastructure, and rising disposable income. Therefore, APAC holds huge potential for various markets such as data diode security products market. The large number of electronic components and a few sectors such as IT, government, and oil & gas in this region offer lucrative opportunities for the growth of APAC data diode security products market. In addition, China, Japan, South Korea, and India are manufacturing hubs. The COVID-19 pandemic is disrupting the growth of various industries in the region. For instance, China is the largest raw material supplier for various industries worldwide; it is one of the worst affected countries by the COVID-19 crisis. The lockdown of various plants and factories in China is hampering the supply chains in APAC, thereby hindering manufacturing processes, delivery schedules, and sales of various products and services in the region. China has recently emerged from a 2-month containment phase and moved into the mitigation stage; however, there is still decline in the growth of its economy due to uncertainty of the COVID-19 outbreak. The governments of various countries in APAC are taking drastic measures to reduce the effects of the outbreak by imposing lockdowns, and travel and trade bans. All these measures are restricting the adoption and growth of data diode security products, especially in electronics and semiconductor sector, and the effect of pandemic is likely to continue in 2021.
The overall APAC data diode security products market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the data diode security products market. The process also serves the purpose of obtaining an overview and forecast for the APAC data diode security products market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the APAC data diode security products market. BAE Systems, Belden Inc., Fibersystem AB, Forcepoint, Fox-IT Holding B.V., and Rohde & Schwarz GmbH & Co. are among the players operating in the APAC data diode security products market.
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC data diode security products market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the APAC data diode security products market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the data diode security products market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution