APAC Cybersecurity Market By Regional Trend, Revenue & Growth Forecast 2026

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APAC Cybersecurity Market to hit USD150 bn by
2026 Graphical Research
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Asia Pacific Cyber Security Market size is
estimated to reach USD 150 Billion by 2026. Asia
Pacific cyber security market growth is
attributed to the rapidly increasing demand for
mitigating financial losses caused by frequent
cyber-attacks in the region. According to the
2019 report published by Cisco, the enterprises
located in the APAC region received up to 10,000
cyber threats a day. Over 50 of these
cyber-attacks resulted in financial losses
greater than USD 1 million. This has caused a
dynamic shift in the cybersecurity approach of
enterprises, leading to a widescale adoption of
cybersecurity solutions.   The security services
dominated the Asia Pacific cyber security market
with over 65 share in 2019. These are expected
to continue their dominance over the forecast
timespan due to the increasing importance of
these services in handling malware threats and
ensuring enterprise IT infrastructure protection.
As enterprises are increasingly deploying their
resource-intensive applications on cloud
platforms to benefit from the associated
scalability, managed security services are
rapidly gaining traction to ensure reliable
management of cybersecurity applications deployed
over cloud networks. The large enterprises
segment is projected to exhibit a lucrative
growth of over 20 by 2026 in the Asia Pacific
cyber security market, which is attributed to the
increasing focus on cybersecurity by large
enterprises to maintain business continuity and
mitigate financial losses. According to the 2019
report published by Sophos, more than 33 of the
large organizations in APAC region had adopted
sophisticated technologies including AI and
machine learning in their cybersecurity approach,
fueling the market growth.
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The banking sector is set to witness a
substantial growth with over 25 CAGR between
2020 and 2026 due to surging adoption of
cybersecurity solutions to maintain regularity
compliance and reduce financial threats caused by
malicious attacks. Cyberattacks and data breaches
have a manifold impact on the banking sector,
causing financial damages and eroding shareholder
confidence, leading to a negative market
reputation. This has pressurized banking
organizations to proactively adopt cybersecurity
solutions for protecting financial assets and
upholding the trust of customers.   The Asia
Pacific cyber security market is characterized by
intensified rivalry among major players and
fueled by strategic partnerships new product
launches. Large enterprises are conducting
acquisitions of various upcoming start-ups to
diversify their product portfolios.   Some of the
key vendors in the APAC cybersecurity market
include BAE Systems, Check Point Software, Cisco
Systems, Inc., CyberArk Software Ltd.,
F5networks, Inc., FireEye, Inc., Fortinet, Inc.,
F-Secure Corporation, Hewlett-Packard Ltd., IBM
Corporation, Intel Corporation, McAfee LLC,
Microsoft Corporation, Oracle Corporation, Palo
Alto Networks, Inc., Proofpoint Inc. ,Rapid7, RSA
Security, LLC., Sophos Group Plc, Splunk, Inc.,
Symantec Corporation, and Trend Micro, Inc.
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Segmentation of Asia Pacific Cybersecurity
Market APAC Cybersecurity Market, By Product
Type Identity, Authentication and Access
Management (IAAM) Access Management Identify
Access Management Infrastructure Protection End
Point Protection Email/Web Gateway Security
Information and Event Management
(SIEM) Vulnerability Assessment Cloud
Security Data Loss Prevention (DLP) Others Asia
Pacific Cyber Security Market, By Organization
Type SME Government Large Enterprise
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Asia Pacific Cyber Security Market, By
Industry Banking Government Manufacturing Transpor
tation IT Telecom   The above information has
been provided for the following regions and
countries Asia Pacific Australia New Zealand
(ANZ) China India Japan Malaysia Philippines Singa
pore South Korea
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