Dublin, Jan. 04, 2021 (GLOBE NEWSWIRE) -- The "Integration of Capabilities Transforming the Asia-Pacific Network Security Market, 2020" report has been added to ResearchAndMarkets.com's offering.
The overall APAC network security market is expected to grow at 7.9% CAGR from 2019 to 2024.
The wider region was led by the firewall segment due to its popularity in the market, followed by the IDS/IPS segment, and the SSL VPN segment. The network security market is still growing, albeit at a slower rate than in the past 5 years, and with varying contribution from its segments. In the immediate future, the widespread effects of the COVID-19 pandemic will drastically impair the network security market just as it will affect the wider economy. Future growth will also be impacted as the market grapples to recover.
Most governments in the region have set up regulations and laws on data security, residency and/or privacy in the recent past which compels enterprises to take a more serious look at their IT and OT security postures. The EU General Data Protection Regulation (GDPR) serves as a model for countries, as they adopt precautionary measures which include network security.
The increasing volume and severity of network-targeted cyber attacks will naturally drive the demand for network security solutions as businesses seek to protect their IT and OT assets from being stolen, spied on, or outright destroyed. The publisher has determined that cyber threats in the region could cost $1.75 trillion in economic damage, highlighting the sheer impact of attacks on network infrastructures if left unabated.
From the business performance perspective of the APAC region, Greater China region (GCR) and Japan continued to lead the overall network security market in APAC in 2019 in terms of market share, followed by the Association of Southeast Asian Nations (ASEAN), Australia and New Zealand (ANZ), India and South Korea.
Companies mentioned in this network security market's competitive landscape include
Check Point Software Technologies
Palo Alto Networks
Key Topics Covered:
Why is it Increasingly Difficult to Grow?
The Strategic Imperative
The Asia-Pacific Network Security Market and the Strategic Imperative
Growth Opportunities Fuel the Growth Pipeline Engine
Growth Opportunity Analysis - Asia-Pacific Network Security Market
Scope of Analysis - Asia-Pacific Network Security Market
Key Competitors in the Asia-Pacific Network Security Market
Key Growth Metrics for the Asia-Pacific Network Security Market
Growth Drivers for the Asia-Pacific Network Security Market
Growth Restraints for the Asia-Pacific Network Security Market
Technology Segment Analysis
Firewall/IPSec VPN Segment Analysis
Horizontal and Vertical Segments Analysis
Forecast Assumptions - Asia-Pacific Network Security Market
Revenue Forecast for the Asia-Pacific Network Security Market
Revenue Forecast by Technology Segment for the Asia-Pacific Network Security Market
Revenue Forecast Analysis - Asia-Pacific Network Security Market
Competitive Environment - Asia-Pacific Network Security Market
Competitive Analysis - APAC, Excluding China
Firewall/IPSec VPN Segment - Competitive Analysis
IDS/IPS Segment - Competitive Analysis
SSL VPN Segment - Competitive Analysis
Growth Opportunity Analysis - Network Security Market 2019, ANZ
Key Growth Metrics for the ANZ Network Security Market
Market Highlights by Horizontal and Vertical Segments
Revenue Forecast for the ANZ Network Security Market
Revenue Forecast by Technology Segment for the ANZ Network Security Market
Revenue Forecast by Technology Segment Discussion
Growth Opportunity Analysis - Network Security Market 2019, ASEAN
Growth Opportunity Analysis - Network Security Market 2019, Greater China
Growth Opportunity Analysis - Network Security Market 2019, India
Growth Opportunity Analysis - Network Security Market 2019, Japan
Growth Opportunity Analysis - Network Security Market 2019, South Korea
Competitive Assessment - Asia-Pacific Network Security Market
Vendor Profile - Check Point Software Technologies
Vendor Profile - Cisco Systems
Vendor Profile - Fortinet
Vendor Profile - Huawei
Vendor Profile - Palo Alto Networks
Growth Opportunity Universe - Asia-Pacific Network Security Market
Growth Opportunity 1: Service Provider Opportunity in Light of 5G Deployments Regionally, 2020
Growth Opportunity 2: Cybersecurity is Still Essential for Enterprises, with the Rising Need to Keep Connected, 2020
Growth Opportunity 3: China - An Ignored Giant for Most International Vendors, 2020
Growth Opportunity 4: The Rise of Secure SD-WAN Drives the Firewall Market, 2020
For more information about this report visit https://www.researchandmarkets.com/r/vkoov6
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