March 09, 2020
As per the report titled ‘Asia Pacific Endpoint Security Market Statistics By Component, Deployment Model, Application, Regional Outlook, Industry Size, Share, Growth Trends & Forecast, 2017 – 2024’, available with Market Study Report LLC, Asia Pacific endpoint security market is projected to amass USD 1 billion by the year 2024.
Increasing number of cyber-crimes in tandem with growing penetration of internet in the region are driving the growth of Asia Pacific endpoint security market. According to the Internet Security Threat Report (ISTR) by Symantec, India ranked among the top five countries affected by cybercrimes in 2017, whereas Australia ranked second for the highest number of email-borne attacks. Growing number of cyberthreats targeted towards government institutions and corporate networks is encouraging the adoption of firewall & encryption technologies with advanced features such as application identification and control. This factor coupled the rising necessity to counter data breaches, and growing adoption of cloud services will augment the demand for endpoint security in Asia Pacific.
Speaking of the application spectrum, healthcare segment is estimated to account for 16% share of Asia Pacific endpoint security market by the end of the forecast period. The growth can be attributed to the rising cases of cyberattacks on healthcare networks. Increasing penetration of internet-connected devices which are highly prone to cyberattacks have escalated the demand for advanced endpoint security solutions such as anti-virus, intrusion prevention, and endpoint application control to address the network vulnerabilities.
Considering the geographical landscape, Asia Pacific endpoint security market is divided into India, China, Japan, Singapore, Malaysia, South Korea, Philippines, and Australia & New Zealand. According to the report, Japan endpoint security market is projected to witness a growth of 8% during 2017-2024. The growth can be credited to the presence of global cybersecurity companies offering advanced cybersecurity products in the country. Implementation of various policies and training programs such IoT Cybersecurity Action Program initiated by Ministry of Internal Affairs and Communications (MIC) in January 2017 will foster the regional growth in the coming years.
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Symantec, ESET, Webroot Cisco, McAfee, VIPRE, Kaspersky Lab, Trend Micro, Microsoft, Sophos, Ahnlab, Panda Security, Comodo, F-Secure, and IBM are the major players operating in Asia Pacific endpoint security market.
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