Apac cyber security market

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Visibility Report Code :HCT 1028

2016-2024

Asia Pacific (APAC) Cyber Security Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024

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Executive Summary

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Asia Pacific Cyber Security Industry Share (%), By Region-2016-2024

Asia Pacific Cyber Security Market Size USD (Billion). 2016-2024

XX%

CAGR: (2016-2024) XX%

XX%

XX%

XX% XX% XX% 2016 XX% XX%

XX%

2016

2017

2018

2019

2020

2021

2022

2023

2024

Source: Goldstein Research

In 2016,

Network Security accounted for the highest market share XX% in Asia Pacific Cyber Security Market

China South Korea

XX%

XX%

India Australia

Indonesia New Zealand

XX%

XX% XX% XX%

XX%

2024 XX%

XX%

XX%

Malaysia Rest of APAC

XX%

Japan

Source: Goldstein Research

With

XX% share in 2016, Singapore region dominated the Asia Pacific Cyber Security Market

 Global organizations will now have to publicly disclose any data breaches, with penalties ranging from USD XX for responsible individuals to USD XX million for organizations. Singapore’s central bank, the Monetary Authority of Singapore, requires that financial institutions notify it of any “adverse development” – events that could lead to prolonged service failure or disruption, or any breach of customer information. Indonesia introduced Personal Data Protection Regulations in 2013 but only came into eect in December 2015, with penalties of up to USD XX. Asia–Pacific governments are increasingly engaging with cyber policy issues as the threats and opportunities in cyberspace are better understood by regional policymakers. However, the quality of policy development and implementation remains uneven, and many states have achieved minimal or poor-quality outcomes. Cambodia, Laos, Thailand, China, Papua New Guinea and Pakistan have passed new legislation relating to cyber issues, particularly cybercrime, during the past year. Cambodia’s new Telecommunications Law and other legislation (which the US is advising on) covering e-commerce and cybercrime are promising examples of growth in cyber maturity in oof security Copyright

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Singapore

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Major Players/ Industries

Major Players Presence-Regional Analysis

Singapore

Korea

Australia

Malaysia

China

Japan

India

Cisco Systems Inc AVG Technologies IBM Corp. Kaspersky Lab Check Point Software Technologies Ltd. Palo Alto Networks Symantec Corp McAfee

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High Penetration

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Medium Penetration

Low Penetration

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Rest of APAC


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Asia Pacific Cyber Security Market Size (USD Billion) & Y-O-Y Growth Analysis Asia Pacific Cyber Security Market Size (USD Billion)-2016-2024

Pacific Cyber Security Y-O-Y Growth (%) Analysis-2016-2024 XX

XX

XX%

XX

XX

XX%

XX

XX%

XX

XX

XX%

XX

XX XX%

XX

XX% XX%

XX XX

XX

XX

XX%

XX% XX% XX% XX% XX%

XX%

XX%

XX

XX

XX

XX%

XX%

XX

XX% XX%

XX

XX%

2016

XX

2016

2017

2018

Source: Goldstein Research

2019

2020

2021

2022

2023

2024

2017

2018

2019

2020

2021

2022

2023

Source: Goldstein Research

 Asia Pacific Cyber Security market applications, powered by an influx of big data and advancements in computing power, are positioned to transform major sectors, while simultaneously creating new industries. Asia Pacific Cyber Security is expected to contribute up to USD XX trillion to global GDP by 2024

 The majority of the underinvestment are indicated in the advanced cybersecurity initiatives such as a robust security incident response plan to identify, detect, and handle security incidents including data breaches. APAC had the highest percentage of chief information officers (CIOs) having responsibility for the cyber program, while EMEA had the greatest percentage of chief executive officers (CEOs) having responsibility. Respondents from the Americas and APAC indicated that a substantial percentage of chief financial officers/finance directors are responsible for their organizations' cyber programs Copyright

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2024


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Market Dynamics

Growth Drivers

Growth Barriers

General Trend

Highly Complex

Moderately Complex Asia Pacific Cyber Security

Waived


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Korea Cyber Security Market Size (USD Billion) & Y-O-Y growth (%),2016-2024 Fig: 7-1 Korea Cyber Security Market Size(USD Billion)-2016-2024

190,000.0 182,928.4 172,928.4 CAGR: (2016-2024) 152,928.4 141,934.5 131,569.4 122,244.8 113,569.9 105,774.7 98,541.8

Fig: 7-2 Korea Cyber Security Market Share By Services, 2016-2024 Design and Integration Services

XX%

Consulting Services

XX% XX% XX%2016

Risk and Threat Assessment Services

XX% XX%

XX% XX%

Managed Security Services

XX%

2024

XX%

XX%

Training and Education Services

2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2023f 2024f

Source: Goldstein Research

Source: Goldstein Research

Fig: 7-3 Korea Cyber Security Market Size (USD Millions), By Region2016-2024

Fig: 7-4 Korea Cyber Security Market Size (%), By Service-2016-2024 XX XX

XX XX XX XX

XX XX

XX XX

2016 28.00% 15.00% South Korea

2024 35.00% 20.00% North Korea

Source: Goldstein Research

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2016

2024

Design and Integration Services

Risk and Threat Assessment Services

Consulting Services

Training and Education Services

Source: Goldstein Research

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Managed Security Services


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Porter’s Five Force Model

Customer can easily switch to substitute products. So substitutes are not a major threat to this industry. When there are actual and potential substitute products available then segment would be unattractive. Profits and prices are effected by substitutes so, there is need to closely monitor price trends. In substitute industries, if competition rises or technology modernizes then prices and profits decline.

Bargaining power of suppliers

Intensity of competition among the existing competitors in the market. Intensity of rivalry depends on the number of competitors and their capabilities. Industry rivalry is high when: •There •There are number of small or equal competitors and less when there’s a clear market leader. •Customers have low switching costs •Industry is growing ••Exit Exit barriers are high and rivals stay and compete •Fixed cost are high resulting huge production and reduction in prices Copyright

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The Barriers to Entry are significantly medium to high which means that it will be bumpy road for outside companies to enter into the industry. New entrant is require to offer the innovative and distinguish service or product in order to make place in the competitive space, only such a player tends to establish its market presence . Threat of new entrants

Bargaining Power of buyers

Threat of substitute products or services

The power of Buyers is medium-high and they are able to negotiate for better pricing. However on the supplier side, the power of Suppliers is also low as there are multiple supplier for a particular systems and these causes, for companies to compete on price when they do not have any point of differentiation.

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About Us Based

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U.S.,

Goldstein

Research

is

a

young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domAsia Pacific Cyber Securityn experts and 50+ employees working day and night to crunch numbers and bring out the best and detAsia Pacific Cyber Securityled market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts.

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