ASIA PACIFIC APPLICATION SECURITY MARKET FORECAST 2021-2028

ASIA PACIFIC APPLICATION SECURITY MARKET FORECAST 2021-2028

  • February 2021 •
  • 130 pages •
  • Report ID: 6028795 •
  • Format: PDF
KEY FINDINGS
The Asia Pacific application security market is set to record a CAGR of 17.99% during the forecast period, 2021-2028. The lack of cybercrime legislation and awareness and knowledge of basic security in the region makes it vulnerable to digital thefts. This is also one of the major reasons for malware attacks like ransomware. Such factors present market growth opportunities.

MARKET INSIGHTS
Indonesia, Japan, India, South Korea, China, Australia & New Zealand, Vietnam, Thailand, Singapore, and Rest of Asia Pacific are evaluated for the Asia Pacific application security market growth assessment.In Japan, companies’ growing focus on the threats associated with access to corporate resources below security levels is one of the market growth drivers.

There are also several regulations in place for curbing security breaches.Also, businesses in critical infrastructure are investing to safeguard their models, given the cybersecurity threats.

Further, the government introduced a Basic Act on Cybersecurity.It established the National Centre of Incident Readiness and Strategy for Cybersecurity (NISC).

Such factors enable market growth in Japan.
In countries like Indonesia, most businesses have low security awareness, and hence penetration testing becomes a necessity in the country.The government collaborated with the US in 2018 to promote strong cyberspace co-operation.

Further, in Vietnam, rapid technological developments have facilitated the access and sharing of information on the internet.This has also made the country vulnerable to sophisticated cyber-attacks.

Moreover, cashless payments are surging in the country, doubling in value in the first three quarters of 2018. The shifting preference to digital payments, the growing penetration of smartphones and the internet, the thriving e-commerce industry, and the surging need for immediate transactions, are the important factors propelling market growth in Vietnam.

COMPETITIVE INSIGHTS
Some of the eminent companies in the market are Synopsys, Trustwave, Veracode, Whitehat Security, Sitelock, Rapid7 Inc, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. IBM CORPORATION
2. ACUNETIX
3. CHECKMARX
4. CONTRAST SECURITY
5. HEWLETT PACKARD ENTERPRISE
6. NSFOCUS
7. N-STALKER
8. PRADEO
9. QUALYS INC
10. RAPID7 INC
11. SITELOCK
12. SYNOPSYS
13. TRUSTWAVE
14. WHITEHAT SECURITY
15. VERACODE