Market revenue in 2023 | USD 48,322.1 million |
Market revenue in 2030 | USD 123,114.8 million |
Growth rate | 14.3% (CAGR from 2023 to 2030) |
Largest segment | Services |
Fastest growing segment | Services |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Hardware, Software, Services |
Key market players worldwide | BAE Systems PLC, Broadcom Inc, Check Point Software Technologies Ltd, Cisco Systems Inc, Fortinet Inc, International Business Machines Corp, Lockheed Martin Corp, LogRhythm, McAfee, Palo Alto Networks Inc, Proofpoint, Sophos, Trend Micro Inc |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cyber security market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 41.94% in 2023. Horizon Databook has segmented the Asia Pacific cyber security market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is witnessing an increase in cyberattacks, which can be attributed to rapid digitalization, a large user base of endpoint devices, and inadequate cybersecurity resources and awareness among SMEs and emerging businesses.
The increased deployment of cognitive technologies such as artificial intelligence, the Internet of Things, and machine learning is transforming the BFSI, healthcare, manufacturing, education, and transportation industries in the region.
However, it is also exposing vulnerabilities and weak links, leading to a significant rise in cyber-attacks in the region. In order to counter the rising threats of cyber security, major companies in the market are taking significant steps in building cybersecurity infrastructure, resources, and capabilities.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific cyber security market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific cyber security market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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