Asia-Pacific cyber security Market is Expected to Reach $30.39 billion by 2020

The Asia-Pacific cyber security market is projected to grow from $17.19 billion in 2015 to $30.39 billion by 2020, at a CAGR of 12.1% from 2015 to 2020. Organizations are in need of solutions, which could help them identify, protect, and respond to cyber threats. Cyber security is becoming a major concern among varied industry verticals such as Banking, Financial services, and Insurance (BFSI), government, IT & telecom, aerospace & defense, retail, and manufacturing. The concept of e-governance has amplified the usage of web, thereby increasing the occurrence of cyber threats. The government has also increased cyber laws, legal regulatory compliances, and data security.Browse through the TOC of the Asia-Pacific cyber security market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the market, and is supported by various tables and figures.

Cyber security is a broad collection of technologies, solutions, services, compliances, and risk management approaches to protect an organizations’ and users’ personal and professional data from cyber crimes. The government, public utilities, and enterprises are all dependent on the internet, wireless technologies, and cloud-based services. Due to this dependency, cyber attacks have shown exponential increase in the past few years and have generated the need for unified cyber security solutions to support the enhanced enterprise mobility and strict data disclosure laws. Cyber security products are defined by possessing the capability to provide access management, authentication procedures, detection and responses to incidents, security updates or patch management, data recovery, mitigation of impacts, and risk & compliance management. The cyber security market is experiencing a booming phase because of the need for global cyber security capacity establishment built for a secure and resilient cyberspace.

Increasing usage of mobile data for varied applications such as social marketing and mobile banking has made these sectors more vulnerable to cyber threats. Mobile security and cloud security are upcoming applications in the cyber security market. In future, this trend is anticipated to continue leveraging cyber security solution and services providers.

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The Asia-Pacific cyber security market is segmented on the basis of solution, service, vertical, and geography. On the basis of service, this market is segmented into consulting, design and integration, risk and threat assessment, managed security services, and training and education. The market is further segmented on the basis of solution into identity and access management, antivirus & anti-malware, security & vulnerability management, risk and compliance management, firewall, IDS & IPS, and disaster recovery. In addition to this, the market is classified according to varied industry verticals such as aerospace, defense and intelligence, government, BFSI, IT & telecommunication, healthcare, retail, and manufacturing, among others. Lastly, with respect to geography, the market is sub-divided into China, Japan, India, South Korea, Australia, Malaysia, Indonesia, and rest of Asia-Pacific.

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Furthermore, the report also includes an extensive analysis of key players operating in the Asia-Pacific cyber security market, along with laying emphasis on their business overview, product portfolio, and strategic developments. The report also provides insights into major market drivers, restraints, opportunities, and challenges impacting the growth of the Asia-Pacific cyber security market.  

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