Latest 2023 Development of the Asia Pacific (APAC) Cyber Security Market

Asia Pacific (APAC) Cyber Security Market is expected to grow rapidly, driven by increasing cyber threats, rising adoption of cloud-based services, and the growing number of internet users in the region. The APAC region is witnessing a surge in investments in cyber security solutions and services, as organizations recognize the need to protect themselves from cyber-attacks. Moreover, the region is one of the most targeted regions for cyber-attacks. The government in the APAC region are taking several initiatives to enhance cyber security such as the launch of the National Cyber Security Strategy to strengthen the country's cyber security posture.

Cybersecurity vendors in the APAC region are collaborating and partnering with other vendors. The Asia Pacific (APAC) Cyber Security industry is expected to register significant growth over the next few years owing to the sophistication of cyber threats as the digitalization of businesses and societies accelerates over the years. The adoption of cloud computing in the APAC region has increased significantly and led to an increasing need for cybersecurity solutions to protect cloud-based data. Furthermore, there is a growing awareness of the importance of cybersecurity among businesses and individuals in the APAC region. Thereby, propelling the growth of the cyber security market in the APAC region. 

Asia Pacific (APAC) cyber security Market Synopsis

Asia Pacific cyber security market report is a part of the Global Cyber Security Market report thoroughly covers the market by components, offerings, deployments, verticals, and key countries including India, China, Japan, Australia Indonesia, Malaysia, Thailand, and the Rest of Asia Pacific. The Asia Pacific cyber security market outlook provides an unbiased and detailed analysis of the ongoing Asia Pacific cybersecurity market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Rising internet penetration and the proliferation of personal computing and mobile devices have propelled the demand for the cybersecurity market drastically in the Asia Pacific region. Changing the threat landscape urged organizations to increase their security budgets and invest heavily in antivirus solutions leading to a surge in cybersecurity market revenues. 

According to 6Wresearch, the Asia Pacific (APAC) Cyber Security Market size is expected to grow remarkably during 2020-2026. Increased business productivity by speeding up the working process by saving computers from viruses tends to slow down crawling processes, as a result, is estimated to proliferate significant adoption of cybersecurity in the market. Rising e-commerce websites are estimated to acquire overall market share owing to the rise of the need to protect important data from theft and are estimated to leave a positive impact on the market and would benefit the cybersecurity market in the coming years.

Asia Pacific Cyber Security Market is estimated to gain traction during the forecast period 2020-26F backed by substantial growth in the commercial sector like offices. Increased offices and business establishments regionally, tends to require a facility management system to perform essential functions like assets tracking, and space optimization which has led to proven benefits for the entire business. Additionally, large firms require a facility management system in order to determine the maintenance of assets and buildings while simultaneously managing the day-to-day operations of the organization. Moreover, taking care of workers by fulfilling health and safety requirements. A worker helps in achieving high productivity in business. All these factors allow owners to work on their core work and help in maintaining the efficiency level of business and is expected to accelerate demand for facility managers and would benefit Asia pacific facility management market in the upcoming six years.

Asia Pacific Cybersecurity Market is projected to witness substantial growth in the upcoming six years on the back of the rising digitalization era at a rapid pace across the region. India cybersecurity market is estimated to gain traction and contribute towards maximum revenue generation in the overall Asia Pacific cybersecurity industry in the coming years owing to rising digitalization in the country, whereby, the healthcare sector is expected to be a growth proliferator for the same. Coupled with increased government actions by making e-hospitals and telehealth facilities to assist the population to avail healthcare facilities online like online registration, checking online availability of blood and online diagnostic report at the time of emergency and with flexibility and versatility which is increasing digital platform adoption and is also supporting the digital India concept. But, as a result, the steady increase in the adoption of digital platform is posing threat to security concern where cybersecurity solution has been proven evident by ensuring safe data transmission and as a result, is anticipated to benefit the entire Asia Pacific Cybersecurity Market to witness substantial growth in the coming timeframe.

China cybersecurity market is estimated to hold an impressive market position due to an upsurge in the growth of e-commerce platforms, therefore the growth of cybersecurity solution is also increased and the top company operating is Bluedon which is a leading player to provide the best security solution to its customer with the fastest responding service and determine the latest vulnerabilities on the internet. 

Market Analysis By Country

Japan is the leading contributor to the cybersecurity market in the region and is expected to maintain its position during the forecast period on account of government norms necessitating government organizations to implement uniform standards of cybersecurity. Also, the Tokyo Olympics and Paralympic Games in Japan have increased the focus on cybersecurity in response to the rising intensity and sophistication of cyber-attacks. Moreover, with the surge in digitization in China and the Indian market, the demand for cybersecurity solutions is expected to register high growth over the coming years.

The Asia-Pacific cybersecurity market is in china, japan, and India. Japan Cyber Security Market has the largest market in Asia- Pacific region the country already uniforms on cybersecurity under the government organization.  The government working on awareness and making a different policy for the country to improve cybersecurity. 

Market Analysis By Verticals

Based on verticals, the BFSI segment is anticipated to dominate the market as the nature of the information with BFSI is extremely sensitive and countries such as Japan have experienced huge losses due to breaches in ATMs. Based on offerings, data security and privacy solutions are likely to record the highest growth during the forecast period.

COVID-19 Impact on the Asia Pacific (APAC) Cyber Security Market

The outburst of the coronavirus pandemic has boosted the demand for cyber security in the region owing to the growing cyber-attacks. Moreover, most companies have shifted to remote modes of working due to the lockdown imposed by the government. Rising usage of cloud-based services is also propelling the APAC Cyber Security Market Growth. Rising number of cyber attacks through malware and ransomware.

Key players in The Market

The top key players operating in the Asia Pacific cybersecurity market are:

• IBM Corporation
• Cisco System Inc.
• Check Point Software Technologies Ltd.
• AVG Technologies
• Dell Technologies Inc.

Key Highlights of The Report:

• Asia Pacific Cyber Security Market Overview
• Asia Pacific Cyber Security Market Outlook
• Asia Pacific Cyber Security Market Forecast
• Historical Data of the Asia Pacific Cyber Security Market Revenues, for the Period 2016-2019
• Asia Pacific Cyber Security Market Size and the Asia Pacific Cyber Security Market Forecast of Revenues, Until 2026
• Historical Data of Asia Pacific Cyber Security Market Revenues, By Components, for the Period 2016-2019
• Market Size & Forecast of Asia Pacific Cyber Security Market Revenues, By Components, Until 2026
• Historical Data of the Asia Pacific Cyber Security Market Revenues, By Offerings, for the Period 2016-2019
• Market Size & Forecast of Asia Pacific Cyber Security Market Revenues, By Offerings, Until 2026
• Historical Data of the Asia Pacific Cyber Security Market Revenues, By Deployment Types, for the Period 2016-2019
• Market Size & Forecast of Asia Pacific Cyber Security Market Revenues, By Deployment Types, Until 2026
• Historical Data of the Asia Pacific Cyber Security Market Revenues, By Verticals, for the Period 2016-2019
• Market Size & Forecast of Asia Pacific Cyber Security Market Revenues, By Verticals, Until 2026
• Historical Data of India Cyber Security Market Revenues, for the Period 2016-2019
• Market Size & Forecast of India Cyber Security Market Revenues, Until 2026
• Historical Data of China Cyber Security Market Revenues, for the Period 2016-2019
• Market Size & Forecast of China Cyber Security Market Revenues, Until 2026
• Historical Data of Japan Cyber Security Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Japan Cyber Security Market Revenues, Until 2026
• Historical Data of Australia Cyber Security Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Australia Cyber Security Market Revenues, Until 2026
• Historical Data of Indonesia Cyber Security Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Indonesia Cyber Security Market Revenues, Until 2026
• Historical Data of Malaysia Cyber Security Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Malaysia Cyber Security Market Revenues, Until 2026
• Historical Data of Thailand Cyber Security Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Thailand Cyber Security Market Revenues, Until 2026
• Historical Data of Rest of Asia Pacific Cyber Security Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Rest of Asia Pacific Cyber Security Market Revenues, Until 2026
• Market Drivers and Restraints
• Asia Pacific Cyber Security Market Trends and Industry Life Cycle
• Market Opportunity Assessment, By Operating Parameters
• Asia Pacific Cyber Security Market Share, By Players
• Asia Pacific Cyber Security Market Share, By Regions
• Asia Pacific Cyber Security Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Asia Pacific Cyber Security Market report provides a detailed analysis of the following market segments:

By Components

• Solutions
• Services

By Offerings

• Identity and Access Management
• Infrastructure Security
• Governance, Risk, and Compliance
• Unified Vulnerability Management Service
• Data Security and Privacy Service
• Other

By Deployments

• Cloud
• On-Premises

By Verticals

• Aerospace and Defense
• BFSI (Banking Finance Services and Insurance)
• Retail
• Healthcare and Hospitality
• IT and Telecom
• Energy and Utilities
• Manufacturing
• Commercial Offices
• Others

By Countries

• India
• China
• Japan
• Australia
• Indonesia
• Malaysia
• Thailand
• Rest of Asia Pacific

Asia Pacific (APAC) Cyber Security Market: FAQs