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
- Cisco Systems
- F5 Networks
- Fortinet
- H3C Technologies
- Hillstone Networks
- Huawei
- Juniper Networks
- McAfee
- Neusoft
- NSFOCUS
- Palo Alto Networks
- Pulse Secure
- QiAnXin
- Sangfor
- SonicWall
- Sophos
- TopSec
- Trend Micro
- Venustech
- WatchGuard Technologies
Key Topics Covered:
Strategic Imperatives
- 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
- Research Methodology
- Geographical Coverage
- Market Segmentation
- End-user Segmentation
- Key Competitors in the Asia-Pacific Network Security Market
- Revenue Assumptions
- Key Growth Metrics for the Asia-Pacific Network Security Market
- Growth Environment
- 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
- 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
- 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
- Competitive Analysis
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
Appendix
For more information about this report visit https://www.researchandmarkets.com/r/vkoov6
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