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Asia Pacific Internet of Things (IoT) Security Market - By Type of Security (Network Security, Endpoint Security, Application Security, Cloud Security), Solutions (IAM, IPS, DLP, UTM, SVM, NSF), Application, Industry,Countries, Trends, Forecast - (

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Market Insights

Asia is fast becoming the center of digital innovation for the world. Asia-Pacific’s IoT security market was estimated at USD 1.175 billion in 2015 and is projected to reach USD 5.953 billion by 2020 at a CAGR of 38.34% over the forecast period. China held a lion share of 32.50% in 2015, but India shall witness the fastest CAGR of 41% over the forecast period.

In 2015, Asia-Pacific had 3.9 billion IoT installed base and is projected to reach 9.55 billion by 2020 at a CAGR of 19.07%.  With the turn of the century, Asia-Pacific surfaced as a manufacturing hub, owing to low production costs in the emerging countries, such as India and China, which still remains a major market in Asia-Pacific’s IoT security market. Investments are being planned for the quality of growth, addressing environmental concerns, and reducing overcapacity. The country’s automotive industry has emerged as the largest in the world and is expected to grow in double-digits over the next five years.

Market Dynamics

India is the fastest growing economy in the world, and the ability to generate enough energy is the key to achieving developmental ambitions to support expansion. The country is regarded as a newly industrialized landscape, turning out to be a preferred manufacturing hub. India has a far superior advantage over many nations, in the manufacturing of medical drugs and products.

131 security breaches were recorded in the Asia-Pacific region, in 2015. India had only 20 breaches, but these resulted in 32.1 million records being exposed; Japan and China reported12 & 8 incidents. South Korea experienced just 3 breaches, but 43 million records were attacked. The cost of information breach is growing at an exponential rate. In India, the average cost of information breach spiked from INR 90.2 million to INR 98.35 million in 2016. BFSI, industrial and technology companies have higher breach costs. Malicious attacks are the root cause of information breach. ASEAN and Korea are facing similar trend of data breaches.

IAM market is gaining traction in the Asia-Pacific market as companies are struggling to keep pace with the ever-growing list of regulations, in order to do business worldwide, as they are associated with both internal and external attacks on infrastructure.

Market Segmentation

The market for Asia-Pacific IoT security is segmented by type of security, into network, endpoint, application, cloud etc.; by solutions into IAM, network security forensics, IPS, DLP, UTM, SVM etc.; and by applications into home automation, wearable, MPM, PIM, SCO, CIS etc. The major verticals adding value to the market are BFSI, retail, manufacturing, government, utilities, healthcare etc. The market for Asia-Pacific IoT security is segmented regionally into China, India, Japan, and others.

Key Market Players

Prominent players in the market include:

  • Symantec Corporation
  • IBM Corporation
  • Fire Eye Inc.
  • Intel Corporation
  • Infineon Technologies
  • Cisco Systems Inc.
  • Oracle Corporation

Report Offerings

  • Market definition for the Asia-Pacific IoT security market along with identification of key drivers and restraints to the market.
  • Market analysis of the Asia-Pacific IoT security market, with country-specific assessments.
  • Identification of factors instrumental in changing the market scenarios and in offering prospective opportunities.
  • Identification of key companies, which can influence the market on regional scales.
  • Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
  • Identification and analysis of the macro and micro factors that affect the Asia-Pacific IoT security market on a regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

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