APAC Cyber Security Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers APAC Social Media Security Market Share and is segmented by Product Type (Solutions, Services), Deployment (On-cloud, On-premise), End-user Industry (Aerospace and Defense, Banking, Financial Services, and Insurance, Healthcare, Manufacturing, Retail, IT and Telecommunication), and Country.

Asia Pacific Cyber Security Market Size

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APAC Cybersecurity Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 65.28 Billion
Market Size (2029) USD 124.05 Billion
CAGR (2024 - 2029) 13.70 %
Market Concentration Medium

Major Players

APAC Cybersecurity Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Asia Pacific Cyber Security Market Analysis

The APAC Cybersecurity Market size is estimated at USD 65.28 billion in 2024, and is expected to reach USD 124.05 billion by 2029, growing at a CAGR of 13.70% during the forecast period (2024-2029).

Due to the advent of IoT and the growing speed and scope of digital transformation in this region, the current network infrastructure is becoming more exposed to cyberattacks. Internet, social media, and mobile users have all seen significant increases in recent years, contributing to the region's strong rise in cybersecurity. The Asia-Pacific cybersecurity industry is expected to expand even more due to the increasing severity of these attacks and strict government laws.

  • The growing internet usage in both developed and developing countries increases the adoption of cybersecurity solutions. Additionally, due to increased data susceptibility brought on by the expansion of the wireless network for mobile devices, cybersecurity has become a crucial component of every organization.
  • Many emerging countries, such as India, China, Singapore, and Japan, face increasing cybersecurity-related issues. India ranks third in the number of DNS hijacks, indicating a sharp rise in cybercrime registration. Additionally, Asia received 26% of all worldwide attacks in 2021, according to IBM X-Force Threat Intelligence Index 2022, making it the most attacked area globally. India tops the list of the most frequently attacked country in Asia. Recent research by the Australian Cyber Security Growth Network entitled the cybersecurity sector might triple in size over the next ten years.
  • Although there have been several cybersecurity events in recent years, most of them have remained hidden. Recent high-profile incidents that significantly impacted many common persons have brought public conversation and government and regulatory body attention to the forefront. For Instance, CERT-In, India's official cybersecurity organization, issued a direction relating to Information security practices, procedures, prevention, response, and reporting of cyber incidents for safe and trusted internet to impose stringent cybersecurity reporting requirements. It stated that India had recorded over 2.12 lakh cybersecurity incidents as of February 2022.
  • The industry is being driven by new business models and applications as well as reducing device costs, such as an increasing number of connected devices, including consumer electronics, connected cars, factories, etc., which is driving the adoption of IoT and strengthening cybersecurity in enterprises. So, The adoption of M2M/IoT connections drives the cybersecurity market.
  • Low preparedness and a high reliance on conventional authentication techniques are challenging. In a market environment where security professionals advise identity-management solutions like facial recognition and biometric identification, more than 80% of organizations still rely solely on usernames and passwords for login, which could challenge growth.
  • The APAC cybersecurity market is anticipated to grow significantly as a result of the recent COVID-19 outbreak because of the rising trend of cyberattacks involving malware and ransomware in the context of COVID-19, which is forcing the organizations to adopt cybersecurity solutions as many of them have switched to remote work environments amid lockdown in various countries.
  • As more people use cloud-based services during this pandemic and operate in unfamiliar, less secure environments, this is becoming a hotspot for cyberattacks. According to Barracuda Sentinel, email threats linked to COVID-19 have grown by 67%. As a result, cloud-based cybersecurity solutions are essential during this pandemic and are predicted to develop.

Asia Pacific Cyber Security Market Trends

Cloud Deployment Drives Market Growth

  • The increasing realization among companies about the importance of saving money and resources by moving their data to the cloud rather than building and maintaining new data storage drives the demand for cloud-based solutions, hence increasing the adoption of on-demand security services.
  • Owing to these benefits, large enterprises and SMEs in the region are increasingly adopting cloud-based solutions. Over the next few years, cloud platforms and ecosystems are expected to serve as the launch pad for an explosion in the pace and scale of digital innovation.
  • Countries in the Asia-Pacific tend to have higher percentages of their infrastructures hosted in the cloud rather than on-premise, according to the CISCO Cybersecurity report. Additionally, in March 2023, during the Cisco India Summit 2023, the company announced that it has been growing its cyber security capabilities to support Indian businesses in strengthening their security resilience and utilizing digitalization as a competitive advantage and to provide its clients with better security options, Cisco has been establishing a new data center in Chennai and modernizing the one that already exists in Mumbai.
  • With the rising adoption of cloud services, like Google Drive, Dropbox, and Microsoft Azure, and with these tools emerging as an integral part of business processes, enterprises must deal with security issues, such as losing control over sensitive data. This gives rise to the increased incorporation of on-demand cyber-security solutions.
  • The company, such as Microsoft in the region, offers Cloud-based endpoint protection technology that enables employees to work when, where, and how they need to function and can allow them to use the devices and apps they find most beneficial to get their work done.
APAC Cybersecurity Market: Cloud Adoption of Enterprise Infrastructure,  by segment,In %, from 2020 to 2022, in India

China to Occupy the Largest Market Share

  • Growing cyber-attacks in the country have propelled China to strengthen its defensive capabilities. The government is also a major source of cyberattacks in other parts of the world. According to the statistics provided by Cloudflare, in March 2022, China accounted for 45% of the world's cyberattack incidents.
  • The increasing initiatives by the government and the related regulatory bodies to strengthen cloud security are expected to fuel the adoption of cyber security-based solutions over the forecast period.
  • The Cyberspace Administration of China issued new measures for cybersecurity review in January 2022 for critical information infrastructure operators (CIIO) purchasing network products and services, which may influence national security. Under this measure, Important communications products, high-performance computers or servers, mass storage equipment, large database or application, cloud computing service, or any other network product or service that has an important influence on the security of any critical information infrastructure, CIIO should apply to Cybersecurity Review Office (CRO) for cybersecurity review.
  • Moreover, encryption has met greater resistance in China. The government's encryption regulations and implementation are among the most restrictive in the world, giving the government full access to all encrypted content within its domestic territory. Article 31 of China's Cryptography Law allows the State Cryptography Administration to inspect and access encrypted systems. Since conversations are not end-to-end encrypted, this rule applies to all industries, including social media platforms like WeChat, which are required (and able) to turn over all user data.
  • Owing to technological advancements, there is an increase in the number of connected devices in China. It is the world's largest Internet of Things (IoT) market. Furthermore, 5G and 5G enabled devices will exponentially increase the devices' interconnectivity. As a result, it increases connected devices, directly augmenting the market's need for security products.
APAC Cybersecurity Market: Internet security issues encountered by internet users in China as of December 2022

Asia Pacific Cyber Security Industry Overview

The Asia-Pacific cybersecurity market is moderately fragmented. Players in the market adopt strategic initiatives such as mergers and acquisitions, partnerships, and new product offerings due to increasing awareness regarding mobility security among enterprises. 

  • February 2022: The IBM Security Command Center in India, for which investments were made on the aforementioned date, represents a sizeable investment in security incident response and training for organizations throughout the Asia-Pacific. It is designed to prepare everyone from the C-Suite to technical staff by training cybersecurity response techniques through highly realistic, simulated cyberattacks. The investment also includes a brand-new Security Operation Center (SOC), which would be added to IBM's extensive worldwide network of SOCs and would offer clients all over the world round-the-clock security response services.

Asia Pacific Cyber Security Market Leaders

  1. AVG Technologies (Avast Software s.r.o.)

  2. IBM Corporation

  3. Check Point Software Technologies Ltd

  4. Cisco Systems Inc.

  5. Dell Technologies Inc.

*Disclaimer: Major Players sorted in no particular order

APAC Cybersecurity Market Concentration
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Asia Pacific Cyber Security Market News

  • December 2022: VI Business introduced VI Secure, a new cybersecurity offering for enterprises, which has been developed as a complete cybersecurity portfolio with various trustworthy solutions that protect against several threats originating from networks, clouds, and endpoints in India. Additionally, the company has planned to provide email, web, and virtualized firewall protection using Cisco's FirstWave CyberCision platform.
  • July 2022: A new partnership between Cyware and CyberQ Group was formed; this would strengthen cybersecurity capabilities in the Asia-Pacific region. This partnership would provide advanced managed security services that enable customers to combine, analyze and autonomously share threat intelligence while enhancing threat response collaboration of Cyware's Cyber Fusion and Collective Defense technologies for MSSPs.

Asia Pacific Cyber Security Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Competitive Rivalry within the Industry

    4. 4.4 Industry Guidelines and Policies

    5. 4.5 Assessment of the Impact of the COVID-19 on the Market


    1. 5.1 Market Drivers

      1. 5.1.1 Rapidly Increasing Cybersecurity Incidents and Regulations Requiring Their Reporting

      2. 5.1.2 Growing M2M/IoT Connections Demanding Strengthened Cybersecurity in Enterprises

    2. 5.2 Market Restraints

      1. 5.2.1 Lack of Cybersecurity Professionals

      2. 5.2.2 High Reliance on Traditional Authentication Methods and Low Preparedness

    3. 5.3 Market Opportunities

      1. 5.3.1 Rise in the Trends of IoT, BYOD, Artificial Intelligence, and Machine Learning in Cybersecurity


    1. 6.1 By Product Type

      1. 6.1.1 Solutions

        1. Identity and Access Management

        2. Threat Detection and Prevention (Unified Threat Management and Threat Mitigation)

        3. Security and Vulnerability Management

        4. DDoS Mitigation

        5. Next Generation Firewall

        6. IDS/IPS

        7. Security Information and Event Management

        8. Other Solutions

      2. 6.1.2 Services

    2. 6.2 By Deployment

      1. 6.2.1 On-cloud

      2. 6.2.2 On-premises

    3. 6.3 By End-user Industry

      1. 6.3.1 Aerospace and Defense

      2. 6.3.2 Banking, Financial Services, and Insurance

      3. 6.3.3 Healthcare

      4. 6.3.4 Manufacturing

      5. 6.3.5 Retail

      6. 6.3.6 IT and Telecommunication

      7. 6.3.7 Other End-user Industries

    4. 6.4 By Country

      1. 6.4.1 China

      2. 6.4.2 India

      3. 6.4.3 Japan

      4. 6.4.4 South Korea

      5. 6.4.5 Rest of Asia Pacific


    1. 7.1 Company Profiles

      1. 7.1.1 AVG Technologies (Avast Software s.r.o.)

      2. 7.1.2 IBM Corporation

      3. 7.1.3 Check Point Software Technologies Ltd

      4. 7.1.4 Cisco Systems Inc.

      5. 7.1.5 Cyber Ark Software Ltd

      6. 7.1.6 Dell Technologies Inc.

      7. 7.1.7 Fireeye Inc.

      8. 7.1.8 Fortinet Inc.

      9. 7.1.9 Imperva Inc.

      10. 7.1.10 Intel Security (Intel Corporation)

      11. 7.1.11 Palo Alto Networks Inc.

      12. 7.1.12 Proofpoint Inc.

      13. 7.1.13 Rapid7 Inc.

      14. 7.1.14 Broadcom Inc.

      15. 7.1.15 Trend Micro Inc.

    2. *List Not Exhaustive


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Asia Pacific Cyber Security Industry Segmentation

IT advancements, communication technologies, and smart energy grids are transforming the landscapes of nearly every country's essential infrastructure and commercial networks. Rapidly changing technology, however, brings with it rapidly advancing hazards. Cybersecurity solutions assist a company in monitoring, detecting, reporting, and countering cyber threats, which include internet-based attempts to damage or disrupt information systems and hack crucial data using spyware and malware, as well as phishing to protect data confidentiality. The study's market size is based on end-user spending on cybersecurity systems and services.

The Asia Pacific Cybersecurity Market is segmented by Product Type (Solutions, Services), Deployment (On-cloud, On-premises), End-user Industry (Aerospace and Defense, Banking, Financial Services, and Insurance, Healthcare, Manufacturing, Retail, IT and Telecommunication), and Country (China, India, Japan, South Korea, Rest of Asia Pacific). The market sizes and forecasts are provided for a value of USD billion for all the above segments.

The Asia Pacific Cybersecurity Market is valued at 52.09 billion in the base year and is expected to grow at a CAGR of 13.7% during the forecast period to become 109.1 billion by the next five years.

By Product Type
Identity and Access Management
Threat Detection and Prevention (Unified Threat Management and Threat Mitigation)
Security and Vulnerability Management
DDoS Mitigation
Next Generation Firewall
Security Information and Event Management
Other Solutions
By Deployment
By End-user Industry
Aerospace and Defense
Banking, Financial Services, and Insurance
IT and Telecommunication
Other End-user Industries
By Country
South Korea
Rest of Asia Pacific
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Asia Pacific Cyber Security Market Research FAQs

The APAC Cybersecurity Market size is expected to reach USD 65.28 billion in 2024 and grow at a CAGR of 13.70% to reach USD 124.05 billion by 2029.

In 2024, the APAC Cybersecurity Market size is expected to reach USD 65.28 billion.

AVG Technologies (Avast Software s.r.o.), IBM Corporation, Check Point Software Technologies Ltd, Cisco Systems Inc. and Dell Technologies Inc. are the major companies operating in the APAC Cybersecurity Market.

In 2023, the APAC Cybersecurity Market size was estimated at USD 57.41 billion. The report covers the APAC Cybersecurity Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the APAC Cybersecurity Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

The challenges faced in the APAC Cybersecurity Market are a) Lack of skilled workforce to address the growing demand for cybersecurity specialists b) Combating sophisticated and targeted attacks from cybercriminals using advanced techniques

APAC Social Media Security Industry Report

The APAC cybersecurity industry is experiencing remarkable growth, fueled by rapid digital transformation and an increased vulnerability of network infrastructures to cyberattacks. This surge is propelled by the rise of IoT, mobile users, and internet penetration, creating a substantial demand for robust cybersecurity solutions. The market is notably shifting towards cloud-based cybersecurity solutions as businesses aim to optimize costs and enhance data security amidst the diverse and evolving cyber threat landscape. Governments and enterprises across APAC are investing heavily in cybersecurity, leveraging AI and machine learning technologies to predict and mitigate threats, with a keen focus on critical sectors like healthcare and government due to the sensitive nature of data. Additionally, the APAC Social Media Security market, as detailed in Mordor Intelligence™ Industry Reports, is undergoing significant analysis, offering insights into market share, size, revenue growth rate, and a forecast outlook, emphasizing the region's commitment to strengthening defenses against cyber threats and driving the demand for comprehensive cybersecurity solutions. Get a free report PDF download for a detailed industry analysis.

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APAC Cyber Security Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)