Taiwan Cybersecurity Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Taiwan Cybersecurity Market is segmented By Type of Security (Network Security, Cloud Security, Application Security, End-point Security,Wireless Network Security and Others), By Solution (Threat Intelligence & Response, Identity and Access Management, Data Loss Prevention, Security and Vulnerability Management, Unified Threat Management, Enterprise Risk and Compliance, Managed Security and Others (Managed & Professional Services)), By Deployment (On-Cloud, On-Premise), and By End-user Industry (Aerospace & Defense, BFSI, Healthcare, Manufacturing, Retail, IT & Telecommunication and Other End-User Industries)

Taiwan Cybersecurity Market Size

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 Taiwan cybersecurity market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 11.10 %
Market Concentration Medium

Major Players

Taiwan cybersecurity market size

*Disclaimer: Major Players sorted in no particular order


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Taiwan Cybersecurity Market Analysis

The Taiwan cybersecurity market is expected to register a CAGR of 11.1% during the forecast period 2022-2027. Taiwan is one of the most prominent hubs in the world. The spread of the Internet and the accompanying changes in consumers' behavior refer to issues such as cybercrime and personal protection.

  • The National Information and Communication Security Task Force (NICST) was established to strengthen Taiwan's ability to address information and communication security issues. The island country's growing number of internet users is driving the demand for cybersecurity services. According to Statista, as of January 2022, there are 21.7 million internet users, which accounts for almost 91% of the entire population.
  • Moreover, in May 2022, Taiwan joined a host of other nations led by the UN to provide free and open Internet. This could potentially increase the number of internet users and the chances of online scams and crimes. Developments like these are expected to drive the market.
  • Regarding digital transformation, Taiwan is one of the fastest leading economies. The country is committed to achieving net-zero capacity by 2050. The island nation is approaching digitization with great strides.
  • Nevertheless, due to the lack of necessary infrastructure and workforce, the nation's IT sector has not been flouring in full force. Moreover, WEF believes that the lack of proper cybersecurity measures is the fourth major risk factor for the country.
  • Due to the ongoing COVID-19 outbreak, the country is taking precautionary measures. With schools closed and communities asked to stay home, several organizations have found ways to enable their employees to work from home. This has led to increased adoption of video communication platforms and has surged the demand for cybersecurity services.

Taiwan Cybersecurity Market Trends

This section covers the major market trends shaping the Taiwan Cybersecurity Market according to our research experts:

Cloud Deployment Drives the Market Growth

  • Demand for cloud-based solutions is increasing as companies are increasingly aware of the importance of saving costs and resources by moving data to the cloud rather than building and maintaining new data storage.
  • Due to multiple benefits, cloud platforms and ecosystems are expected to serve as a starting point for explosive growth in the pace and scale of digital innovation over the next few years in the country.
  • Moreover, according to the CISCO Cybersecurity Series latest report, Asia-Pacific countries tend to have higher percentages of their infrastructures hosted in the cloud rather than on-premise. Just 16% are hosted between 80-100%, compared to just 9% in this bracket globally. 52% of organizations in Asia-Pacific countries felt the ease of use of cloud deployment, and 50% of the organizations in the region felt cloud deployment of cybersecurity solutions offers better data security. This indicates the demand for a cloud-based cyber security model is growing in the market.
  • Taiwan is also witnessing a significant increase in BYOD policy amid the hybrid work model caused due to the pandemic. Also, amid the increased remote work in almost all sectors, the opportunities are linked to solutions that protect cloud-based corporate information.
  • According to a survey by Business Sweden, more than 40% of the surveyed companies mentioned e-mail security, disaster recovery exercises, and end-to-end security as prioritized investments in 2021.
Taiwan cybersecurity market share

BFSI Segment Expected to Hold Significant Market Share

  • According to a study by the Ministry of Foreign Affairs of the Netherlands, it has been noted that BFSI is one of the top three industries in Taiwan, where the country is planning on placing stronger cybersecurity norms and policies. The same study also reveals that only 73% of the Taiwanese companies had basic abilities to prevent cyber attacks, and only a measly 14% had the might to stop advanced attacks.
  • Through government initiatives, support, and FDI, the country expects to implement laws against cyber crimes and strengthen its financial industry. This could attract many foreign players to enter the Taiwanese market. Developments like these are expected to drive the segment in the studied market.
  • The rise in cryptocurrency adoption in the country is also expected to drive the demand. According to a survey by start.io, 52.8% of the cryptocurrency investors in the country in 2021 were between 18 to 24 years old. Taiwan could witness a boom in the crypto market, thereby driving the sales of cybersecurity products.
  • Taiwan is also witnessing an increase in cashless payments among its people. According to a survey by Visa Inc., the need for online payments is due to people's perception of the medium being more hygienic and the inflow of various discounts and rewards. With the persisting effects of COVID-19 and rapid demand for online transactions and the presence of UPI payment by NCPI, the segment is expected to witness significant growth in the studied market.
Taiwan cybersecurity market trends

Taiwan Cybersecurity Industry Overview

The Taiwan 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.

  • March 2021: AuthenTrend Biometric Security Keys Integrates with Microsoft to Build a Passwordless world IT system. With the help of this collaboration, the company can offer ATKey.Pro proved to be a straightforward passwordless user experience with the highest level of security available.
  • August 2021 - Onward Security company offers security management and monitoring via its Security Assessment Management platform, HERCULES SecSAM, for all products certified through ioXt Alliance. This offering is to facilitate stronger industry-wide standards, create safer IoT ecosystems and ensure connected products are secured from manufacturing to the hands of end users.

Taiwan Cybersecurity Market Leaders

  1. Adlink Technology

  2. Egis Technology Inc.

  3. AuthenTrend

  4. CureLAN Technology Co

  5. CyCraft

*Disclaimer: Major Players sorted in no particular order

Adlink Technology, AuthenTrend, CureLAN Technology Co., CyCraft, Egis Technology Inc., Genie Networks.,  IBASE Technology Inc, Lanner Electronics Inc
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Taiwan Cybersecurity Market News

  • September 2021: Proofpoint Inc., a leading cybersecurity and compliance company announced it had completed an official review of its partner ecosystem across the Asia Pacific region with the appointment of authorized distributors Ingram Micro(Singapore, Malaysia, Australia, and New Zealand), M.Tech (Singapore, Hong Kong, Vietnam, Indonesia, India, Malaysia, Taiwan, and Australia) and ITSDI (Philippines).
  • July 2022 - Lanner Electronics company has established a partnership with 6WIND. Through this partnership, the company aims to integrate Lanner's uCPE appliance with 6WIND's Virtual Service Router (VSR) software and provide network service providers a routing and security solution with superior deployment flexibility, carrier-grade performance, and high availability for enabling quick deployment and operationalization of a powerful IPsec VPN feature in both cloud and hybrid environments.

Taiwan Cybersecurity Market Report - Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Intensity of Competitive Rivalry

      5. 4.2.5 Threat of Substitutes

    3. 4.3 Assessment of Impact of COVID-19 on the Industry


    1. 5.1 Market Drivers

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

      2. 5.1.2 Increasing Investments and Government Support

    2. 5.2 Market Challenges

      1. 5.2.1 Lack of Supporting Infrastructure

      2. 5.2.2 Lack of Cybersecurity Professionals


    1. 6.1 By Type of Security

      1. 6.1.1 Network Security

      2. 6.1.2 Cloud Security

      3. 6.1.3 Application Security

      4. 6.1.4 End-point Security

      5. 6.1.5 Wireless Network Security

      6. 6.1.6 Others

    2. 6.2 By Solution

      1. 6.2.1 Threat Intelligence & Response

      2. 6.2.2 Identity and Access Management

      3. 6.2.3 Data Loss Prevention

      4. 6.2.4 Security and Vulnerability Management

      5. 6.2.5 Unified Threat Management

      6. 6.2.6 Enterprise Risk and Compliance

      7. 6.2.7 Managed Security

      8. 6.2.8 Others (Managed & Professional Services)

    3. 6.3 By Deployment

      1. 6.3.1 Cloud

      2. 6.3.2 On-Premise

    4. 6.4 By End-user Industry

      1. 6.4.1 Aerospace and Defense

      2. 6.4.2 Banking, Financial Services, and Insurance

      3. 6.4.3 Healthcare

      4. 6.4.4 Manufacturing

      5. 6.4.5 Retail

      6. 6.4.6 Government

      7. 6.4.7 IT and Telecommunication

      8. 6.4.8 Other End-user Industries


    1. 7.1 Company Profiles

      1. 7.1.1 Adlink Technology

      2. 7.1.2 AuthenTrend

      3. 7.1.3 CureLAN Technology Co.

      4. 7.1.4 CyCraft

      5. 7.1.5 Egis Technology Inc.

      6. 7.1.6 Genie Networks.

      7. 7.1.7 IBASE Technology Inc

      8. 7.1.8 Lanner Electronics Inc

      9. 7.1.9 Onward Security Corp

    2. *List Not Exhaustive


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Taiwan Cybersecurity Industry Segmentation

IT advancement, communication technologies, and smart energy grids are changing the landscapes of almost every country's critical infrastructure and business networks. However, with rapidly changing technology comes rapidly advancing threats. Cybersecurity solutions help an organization to monitor, detect, report, and counter cyber threats, which are internet-based attempts to damage or disrupt information systems and hack critical information, using spyware and malware, and by phishing to maintain data confidentiality. The market sizing for the study has been provided based on the end-user spending on Cybersecurity solutions and services.

By Type of Security
Network Security
Cloud Security
Application Security
End-point Security
Wireless Network Security
By Solution
Threat Intelligence & Response
Identity and Access Management
Data Loss Prevention
Security and Vulnerability Management
Unified Threat Management
Enterprise Risk and Compliance
Managed Security
Others (Managed & Professional Services)
By Deployment
By End-user Industry
Aerospace and Defense
Banking, Financial Services, and Insurance
IT and Telecommunication
Other End-user Industries
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Taiwan Cybersecurity Market Research FAQs

The Taiwan Cybersecurity Market is projected to register a CAGR of 11.10% during the forecast period (2024-2029)

Adlink Technology, Egis Technology Inc., AuthenTrend, CureLAN Technology Co and CyCraft are the major companies operating in the Taiwan Cybersecurity Market.

The report covers the Taiwan Cybersecurity Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Taiwan Cybersecurity Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Taiwan Cybersecurity Industry Report

Statistics for the 2024 Taiwan Cybersecurity market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Taiwan Cybersecurity analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Taiwan Cybersecurity Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)