Press release
Asia-Pacific Cybersecurity Market By : Complete Analysis Of Key Players, Growth Rate, Opportunities, Challenges
The APAC cybersecurity market was valued at USD 30.45 billion in 2019, and it is expected to register a CAGR of 18.3%, during the period of 2020-2025.The Global Asia-Pacific Cybersecurity Market Research Report 2021-2027 is a significant source of keen information for business specialists. It furnishes the business outline with development investigation and historical and futuristic cost analysis, Asia-Pacific Cybersecurity market income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the worth chain and its wholesaler examination. The Asia-Pacific Cybersecurity Market study gives extensive information which upgrades the agreement, degree, and use of this report.
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Top Companies in the Global Asia-Pacific Cybersecurity Market are - AVG Technologies (Avast Software s.r.o.), IBM Corporation, Check Point Software Technologies Ltd, Cisco Systems Inc., Cyber Ark Software Ltd, Dell Technologies Inc., Fireeye Inc., Fortinet Inc., Imperva Inc., Intel Security (Intel Corporation), Palo Alto Networks Inc., Proofpoint Inc., Rapid7 Inc., Broadcom Inc., Trend Micro Inc.
Key Market Trends On Asia-Pacific Cybersecurity-
Cloud Deployment Drives the Market Growth
- The increasing realization among companies about the importance of saving money and resources by moving their data to the cloud, rather than building and maintaining new data storage, drives the demand for cloud-based solutions, hence increasing the adoption of on-demand security services.
- Owing to these benefits, both large enterprises and SMEs in the region are increasingly adopting cloud-based solutions. Over the next few years, cloud platforms and ecosystems are expected to serve as the launchpad for an explosion in the pace and scale of digital innovation.
- According to the CISCO Cybersecurity Series 2019 report, Asia Pacific countries tend to have higher percentages of their infrastructures hosted in the cloud rather than on-premise. 16% have between 80100% hosted, compared to just 9% in this bracket globally. 52% of organizations in Asia Pacific countries felt the ease of use of cloud deployment, and 50% of the organization in the region felt cloud deployment of cybersecurity solution offers better data security.
Competitive Landscape On Asia-Pacific Cybersecurity Market-
In July 2020 - FireEye, Inc., the intelligence-led security company, announced its strategic partnership with Athena Alliance an organization dedicated to helping women advance as senior leaders and attain board seats to support women cybersecurity leaders in achieving executive roles and board seats.
- In June 2020 - Check Point Software Technologies Ltd., a leading provider of cybersecurity solutions globally, introduced CloudGuard Cloud-Native Security. This fully-automated cloud platform enables customers to protect their cloud deployments and workloads seamlessly, and manage security through a single pane of glass. CloudGuard streamlines and simplifies cloud security, preventing the most advanced 6th generation cyber-attacks from impacting organizations cloud environments, and enables them to take full advantage of the speed and agility of the cloud.
- In November 2019 - IBM announced Cloud Pak for Security, a platform to connect with any security tool, cloud or on-premise system, without moving data from its source. The platform includes open-source technology for hunting threats, automation capabilities to help speed response to cyberattacks, and the ability to run in any environment.
Regional Analysis On Asia-Pacific Cybersecurity Market-
China Occupy Maximum Market Share
- Growing cyber-attacks in the country have propelled China to strengthen its defensive capabilities. The country also stands to be a major source of origin for cyberattacks on other parts of the world.
- According to the statistics provided by Kaspersky Lab, in July 2020, China observed a rapid increase in the countrys network attacks. As per the statistics, on 5th July 2020, the country has seen 1.91 million network attack cases, which has reached 2.78 million on 26th July.
- The increasing initiatives by the government and the related regulatory bodies to strengthen cloud security are expected to fuel the adoption of cyber security-based solutions over the forecast period. For instance, additional provisions, known as the Regulations on Internet Security Supervision and Inspection by Public Security Organs to Chinas Cybersecurity Law, were passed in the recent past. The law outlines how the countrys main domestic security agency, the Ministry of Public Security (MPS), can conduct both onsite and remote inspection of computer networks, which are generally defined in the CSL as five or more computers connected to the internet.
Prime Takeaways:
The Asia-Pacific Cybersecurity Market report covers profiling of key market player with overall business operations, news coverage, product portfolio, geographic presence, and financial status.
Value chain analysis, which is combined with competitive landscape of key players of the Asia-Pacific Cybersecurity
Market size and forecast of the Asia-Pacific Cybersecurity market for the period from 2021 to 2027.
Global presence of the market, market dynamics and evaluation by upstream and downstream of raw materials.
CAGR% for individual segments in various regional markets for a period from 2021 to 2027.
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Market Research relies on industry-wide databases for both regional and global authentic data, which enables the team to decipher the precise trends and existing scenario in the market.
The report takes a 360-degree approach to ensure that the niche and emerging aspects are also factored in to ultimately get accurate results.
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