Integration of Capabilities Transforming the Asia-Pacific Network Security Market, 2020

Integration of Capabilities Transforming the Asia-Pacific Network Security Market, 2020

Future Growth Potential Driven by the Need to Defend Against Rising Lethality of Attacks

RELEASE DATE
16-Sep-2020
REGION
Asia Pacific
Research Code: PAF7-01-00-00-00
SKU: IT04167-AP-MT_24723

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Description

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. Frost & Sullivan 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.

Research Scope

The market trends are analyzed for the study period 2018 to 2024, with the base year being 2019. The countries included in this study are Australia, New Zealand, Singapore, Malaysia, Indonesia, the Philippines, Thailand, Vietnam, China, Hong Kong, Taiwan, India, Japan, and South Korea.

This study is segmented into 3 key focus areas—firewall, secure sockets layer virtual private networking (SSL VPN), and intrusion detection system (IDS), and intrusion prevention system (IPS). Vertical segmentation in this study includes the government, banking, financial services, and insurance (BFSI), service provider, healthcare, manufacturing, education, and other sectors. Customer segmentation includes large enterprises with more than 500 employees as well as small and medium-sized businesses with less than 500 employees.

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, and other vendors.

Author: Vivien Pua


Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Asia-Pacific Network Security Market and the Strategic Imperative 8™

Growth Opportunities Fuel the Growth Pipeline Engine™

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

Key Competitors in the Asia-Pacific Network Security Market (continued)

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

Firewall/IPSec VPN Segment Analysis (continued)

Horizontal and Vertical Segments Analysis

Horizontal and Vertical Segments Analysis (continued)

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

Key Growth Metrics for the ANZ Network Security Market

Market Highlights

Market Highlights (continued)

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

Key Growth Metrics for the ASEAN Network Security Market

Market Highlights

Market Highlights (continued)

Market Highlights by Horizontal and Vertical Segments

Revenue Forecast for the ASEAN Network Security Market

Revenue Forecast by Technology Segment for the Network Security Market

Revenue Forecast by Technology Segment Discussion

Revenue Forecast by Technology Segment Discussion (continued)

Competitive Analysis

Key Growth Metrics for the GCR Network Security Market

Market Highlights

Market Highlights (continued)

Market Highlights by Horizontal and Vertical Segments

Revenue Forecast for the GCR Network Security Market

Revenue Forecast by Technology Segment for the GCR Network Security Market

Revenue Forecast by Technology Segment Discussion

Revenue Forecast Discussion

Competitive Analysis

Key Growth Metrics for the Indian Network Security Market

Market Highlights

Market Highlights by Horizontal and Vertical Segments

Revenue Forecast for the Indian Network Security Market

Revenue Forecast by Technology Segment for the Indian Network Security Market

Revenue Forecast by Technology Segment Discussion

Competitive Analysis

Key Growth Metrics for the Japanese Network Security Market

Market Highlights

Market Highlights by Horizontal and Vertical Segments

Revenue Forecast for the Japanese Network Security Market

Revenue Forecast by Technology Segment for the Japanese Network Security Market

Revenue Forecast by Technology Segment Discussion

Competitive Analysis

Key Growth Metrics for the South Korean Network Security Market

Market Highlights

Market Highlights by Horizontal and Vertical Segments

Revenue Forecast for the South Korean Network Security Market

Revenue Forecast by Technology Segment for the South Korean Network Security Market

Revenue Forecast by Technology Segment Discussion

Competitive Analysis

Vendor Profile—Check Point Software Technologies

Vendor Profile—Check Point Software Technologies (continued)

Vendor Profile—Cisco Systems

Vendor Profile—Cisco Systems (continued)

Vendor Profile—Fortinet

Vendor Profile—Fortinet (continued)

Vendor Profile—Huawei

Vendor Profile—Huawei (continued)

Vendor Profile—Palo Alto Networks

Vendor Profile—Palo Alto Networks (continued)

Growth Opportunity 1: Service Provider Opportunity in Light of 5G Deployments Regionally, 2020

Growth Opportunity 1: Service Provider Opportunity in Light of 5G Deployments Regionally, 2020 (continued)

Growth Opportunity 2: Cybersecurity is Still Essential for Enterprises, with the Rising Need to Keep Connected, 2020

Growth Opportunity 2: Cybersecurity is Still Essential for Enterprises, with the Rising Need to Keep Connected, 2020 (continued)

Growth Opportunity 3: China—An Ignored Giant for Most International Vendors, 2020

Growth Opportunity 3: China—An Ignored Giant for Most International Vendors, 2020 (continued)

Growth Opportunity 4: The Rise of Secure SD-WAN Drives the Firewall Market, 2020

Growth Opportunity 4: The Rise of Secure SD-WAN Drives the Firewall Market, 2020 (continued)

Other Participants

Other Participants (continued)

Other Participants (continued)

Other Participants (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

Related Research
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. Frost & Sullivan 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.--BEGIN PROMO--

Research Scope

The market trends are analyzed for the study period 2018 to 2024, with the base year being 2019. The countries included in this study are Australia, New Zealand, Singapore, Malaysia, Indonesia, the Philippines, Thailand, Vietnam, China, Hong Kong, Taiwan, India, Japan, and South Korea.

This study is segmented into 3 key focus areas—firewall, secure sockets layer virtual private networking (SSL VPN), and intrusion detection system (IDS), and intrusion prevention system (IPS). Vertical segmentation in this study includes the government, banking, financial services, and insurance (BFSI), service provider, healthcare, manufacturing, education, and other sectors. Customer segmentation includes large enterprises with more than 500 employees as well as small and medium-sized businesses with less than 500 employees.

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, and other vendors.

Author: Vivien Pua

More Information
No Index No
Podcast No
Author Vivien Pua
Industries Information Technology
WIP Number PAF7-01-00-00-00
Is Prebook No
GPS Codes 9532-C1,9659