The Asia Pacific Cyber Security Services Market would witness market growth of 10.6% CAGR during the forecast period (2021-2027).
Businesses and people may protect themselves against the complete range of cyber security dangers as well as the numerous others that exist, by deploying protection. Companies do not have to be concerned about unauthorized people accessing their network or data by deploying cyber security solutions. It assists them in safeguarding both their customers and their personnel. Even if security does not prevent an attack or breach, it improves the time it takes to recover afterward. Customers and developers are more confident in goods that have strong cyber security measures in place.
As a consequence of increased awareness about cyber warfare disruption, developing countries such as China and India have powerful defense forces that are rapidly implementing cyber security services for minimizing the damage against important resources. The Japanese government proposed extensive tests of all IoT devices in 2019 as part of its attempts to protect the country's huge technological environment, a move that elicited varied reactions from the public. The usage of penetration testing and bug bounty platforms for safeguarding important information connected to the military sector is accelerating throughout numerous Asian nations due to rapid economic growth.
The China market dominated the Asia Pacific Cyber Security Services Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $14.90 billion by 2027. The Japan market is poised to grow at a CAGR of 10% during (2021 - 2027). Additionally, The India market would exhibit a CAGR of 11.4% during (2021 - 2027).
Based on Service Type, the market is segmented into Professional Services and Managed Services. Based on Professional Services Type, the market is segmented into Training, Consulting & Advisory, Integration, Support & Maintenance, Penetration Testing & Bug Bounty, and Others. Based on Managed Services Type, the market is segmented into Managed Security Incident & Event Management (SIEM), Compliance & Vulnerability Management, Managed Detection Response (MDR), and Others. Based on End User, the market is segmented into Government & Defense, Manufacturing, BFSI, IT & Telecom, Retail, Healthcare, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Cyber Security Services Market is Projected to reach USD 178 Billion by 2027, at a CAGR of 9.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Crowdstrike Holdings, Inc., Deloitte Touche Tohmatsu Limited, Capgemini SE, IBM Corporation, Accenture PLC, Cisco Systems, Inc., DXC Technology Company, AT&T, Inc. (AT&T Intellectual Property), Atos Group, and Rapid7, Inc.
By Service Type
By End User
By Country
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