Triton Market Research, in its report on the cyber security market in the Asia-Pacific region, concludes that it will expand at a CAGR of 11.98% during the estimated period 2019-2028.
The countries studied in the Asia-Pacific cyber security market are:
• South Korea
• China
• ASEAN countries
• Japan
• India
• Australia & New Zealand
• Rest of APAC countries
The Japanese government and enterprises have increasingly been showing interest in the field of cyber security. The alarming rise in the number of cyberattacks on several organizations in the government has led to the development of new strategies, legislation and facilities. It is reported that a record 128.1 billion cyberattacks were detected in Japan in the year 2016. Businesses are increasingly understanding cyber security threats and are readily making huge investments in order to safeguard their models. The lack of a centralized approach in curbing these cyber attacks was observed in the country. However, after several high-profile cyber attacks on both public and private enterprises, the government, in 2013, introduced a Basic Act on cyber security. Also, the government is expected to launch its new cyber security strategy soon in the country. These developments are expected to push the growth of the Japanese cyber security market.
The growing IT sector in India is leading to an increased dependency on technology. There is an escalating increase in the use of the internet among the Indians. Internet is used in different applications like banking, education and data storage, and hence, cyber crimes have also increased subsequently. These factors are likely to boost the studied market growth in the coming years.
Palo Alto Networks Inc is a company providing network security solutions to service providers, enterprises and government entities. It provides firewall appliances, panorama, subscription services and virtual system upgrades and support & maintenance. It offers products like virtualized next-generation firewalls, next-generation firewalls, advanced endpoint protection and SaaS Security. The company operates through different geographical segments, including Asia-Pacific.
Few companies in the cyber security market are Trend Micro Incorporated, Dell Technologies Inc, Imperva, Cyber Ark Software Ltd, FireEye Inc, AVG Technologies (Acquired By Avast Software sro), Cisco Systems Inc, International Business Machines Corporation, Rapid7, Check Point Software Technologies Ltd, Intel Security (Intel Corporation), Fortinet Inc, Proofpoint Inc, Palo Alto Networks Inc and Symantec Corporation (Broadcom Inc).