Market Trends of Indonesia Cybersecurity Industry
This section covers the major market trends shaping the Indonesia Cybersecurity Market according to our research experts:
Increasing Demand for Digitalization and Scalable IT Infrastructure
- Indonesia has adhered to its registration criteria to defend the measure as a safeguard for Indonesian internet users. For instance, An official in Indonesia claimed in July 2022 that the country had blocked search engine websites Yahoo, payments firm PayPal, and other gaming websites for violation of licensing laws, provoking a social media backlash.
- Because of COVID-19's global reach, businesses in both the public and private sectors have shifted to digital workspaces. To link with the rest of the world, the Indonesian government has initiated many projects as part of the country's digital transformation.
- The Indonesian government initiated its most recent digital transformation strategy in October 2021, intending to achieve long-term digital change in the country. Creating the Indonesia Digital Roadmap for 2021-2024 is one of the aspects included in its strategy to achieve digital transformation targets.
- The pandemic has accelerated digitization, and the need for technology has grown significantly due to the Indonesian government's COVID-19 restrictions. According to the Devos Article (based on World Economic Forum Annual Meeting), 202 million internet users will contribute USD 70 billion to Indonesia's digital economy in 2021, with a projected USD 146 billion in 2025.
- In addition, MSMEs are being transformed as a result of digitalization. To date, Indonesian MSMEs have benefited from the advantages of digitalization, including increased access to a national/global audience, lower operational costs, and improved transaction processes. According to KADIN ( Director, Program & Digitalization, Indonesian Chamber of Commerce and Industry), Indonesia strives to collaborate closely with the government to accelerate MSMEs' growth and improve digital inclusion to build a strong and inclusive financial sector support long-term development.
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Cloud Deployment Drives Market Growth
- Companies increasingly recognize the importance of saving money and resources by moving their data to the cloud rather than building and maintaining new data storage, driving demand for solutions. The cloud-based solutions, thereby increasing the adoption of on-demand security services.
- With the increasing adoption of cloud services, such as Google Drive, Dropbox, and Microsoft Azure, and with these tools emerging as an integral part of business processes, businesses must deal with security issues, such as losing control over sensitive data. This leads to an enhanced mix of on-demand cybersecurity solutions.
- The increased use of cloud-based services during this pandemic is becoming a hotspot for cyberattacks as millions of people work in unfamiliar, less secure circumstances. According to a survey commissioned by Alibaba Cloud in February 2022, Indonesia is actively embracing cloud-based technology, with 77% of businesses in Indonesia currently using cloud-based IT solutions and 83% believing that cloud-based tools help them cope with their business needs during Covid-19.
- As the world economy recovers from two years of pandemics, the world's data center and cloud services industry giants are focusing on expanding their companies in Southeast Asia. This goal was discussed at the 2022 Indonesia Convention of Data Center and Cloud Services in Jakarta in May 2022. They are prepared to deliver financial and high-quality services to support the government's program of onboarding 30 million digital SMEs in Indonesia.
