The Asia Pacific Cybersecurity Mesh Market would witness market growth of 28.0% CAGR during the forecast period (2022-2028).
Cybersecurity mesh is the most practical and adaptive way for an enterprise-level business to cope with these threats. It extends security throughout the company's architecture, allowing them to protect all systems and access points with consistent technologies. In addition, because the latest threat data drive it, a cybersecurity mesh can adapt as new threats surface.
In addition to security, enterprises need a cybersecurity mesh that facilitates critical business operations, such as third-party apps and services. Incorporating third-party applications and services is part of a company's drive to strengthen its main business. In this approach, the dispersed character of cybersecurity mesh allows firms to grow their market share and connect with consumers more quickly while decreasing their security expenses.
Establishing new routes of distribution partnerships with third parties can generate new distribution channels for products and services. However, installing unique security technologies to safeguard the infrastructure required to enable new distribution channels can be expensive and time-consuming. Employing a cybersecurity mesh strategy reduces some of the expense and complexity. Agile firms may have chances to undertake new projects that need network infrastructure expansion. This requires the adaptability provided by a cybersecurity mesh.
The volume of digital payments in India has increased at an average annual pace of almost 50 percent. This is one of the world's quickest growth rates, but its spread in India's unique, real-time, mobile-enabled Unified Payments Interface (UPI) system has been even more rapid. The number of participating banks is increasing significantly, resulting in an increase in the volume of transactions. In addition, in March, the RBI created a UPI for feature phones (older devices with buttons rather than touchscreens) that has the potential to link a huge number of the rural population in the regions. These Factors are propelling the market growth in the region.
The China market dominated the Asia Pacific Cybersecurity Mesh Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $235.6 million by 2028. The Japan market is experiencing a CAGR of 27.3% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 28.9% during (2022 - 2028).
Based on Offering, the market is segmented into Solution and Services. Based on Vertical, the market is segmented into IT & ITeS, BFSI, Healthcare, Energy & Utilities and Others. Based on Deployment Mode, the market is segmented into Cloud and On-premise. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Sized Enterprises. 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 Cybersecurity Mesh Market is Projected to reach USD 3.1 Billion by 2028, at a CAGR of 27.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Palo Alto Networks, Inc., Check Point Software Technologies Ltd., Zscaler, Inc., Fortinet, Inc., Forcepoint LLC (Francisco Partners), Cato Networks Ltd., GCA Technology and appNovi, Inc.
By Offering
By Vertical
By Deployment Mode
By Enterprise Size
By Country
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