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Asia Pacific Endpoint Security Market size worth over $1bn by 2024
Published Date: 2019-04-10
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According to the Graphical Research new growth forecast report titled “Asia Pacific Endpoint Security Market Size By Component (Service, Software), By Deployment Model, By Application, Regional Outlook, Industry Size, Share, Growth Trends & Forecast, 2017 – 2024”, estimated to exceed USD 1 billion by 2024
The Asia Pacific endpoint security market is growing due to the high rate of cyber-crimes and the extensive use of internet. India was ranked among the top five countries to be affected by cybercrimes in 2017, according to the Internet Security Threat Report (ISTR) by an online security firm Symantec. According to the ISTR by Symantec, Australia ranked second for having the highest proportion of malicious email-borne attack links in 2017. The rise in cyberattacks on government institutions and corporate networks has resulted in the adoption of firewall & encryption technologies mandatory with features such as application identification and control. The growing concerns for data breaches and the use of cloud computing platforms will help to stimulate the spending on the cloud firewall market.
The healthcare sector is expected to hold a market share of over 16% in 2024 due to the rising incidents of cyberattacks on healthcare networks. The rising cyberattacks in the healthcare industry due to internet-connected devices will increase the need to adopt advanced endpoint security solutions, such as intrusion prevention, anti-virus, and endpoint application control, to minimize the network vulnerabilities.
The Japan endpoint security market is projected to register an accelerated growth of over 8% between 2017 and 2024. Global cybersecurity companies are expanding their presence in Japan, strengthening the country’s cybersecurity infrastructure and offering advanced cybersecurity products to customers. In August 2016, Cylance, an American cybersecurity company, opened its new office in Japan to support the regional customers as well as OEMs. The Japanese government is currently working on various policies and training initiatives to improve the country’s cyber rating. The Ministry of Internal Affairs and Communications (MIC) launched the IoT Cybersecurity Action Program in January 2017, which accelerates the government’s efforts to build a skilled cyber workforce and establish a training center.
Some of the key vendors in the Asia Pacific endpoint security market include Symantec, Webroot Cisco, ESET, McAfee, Kaspersky Lab, VIPRE, Trend Micro, Sophos, Microsoft, Ahnlab, Comodo, Panda Security, IBM, and F-Secure.
Segments we cover:
Asia Pacific Endpoint Security Market Growth, By Component
- Intrusion Prevention
- Endpoint Application Control
- Encryption Technologies
- Mobile Device Security
- Training & Consulting
- Maintenance & Updates
- Managed Service
Asia Pacific Endpoint Security Market Trends, By Deployment Model
Asia Pacific Endpoint Security Market Size, By Application
- Telecom & IT
- Government & Public Sector
The above information has been provided for the following countries:
- South Korea