The Asia Pacific IT And Telecom Cyber Security Market is expected to witness market growth of 14.5% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific IT And Telecom Cyber Security Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $6.57 billion by 2031. The Japan market is registering a CAGR of 13.8% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 15.2% during 2024-2031.
Organizations are also emphasizing the development of a cyber security culture among employees and stakeholders, in addition to technology. In order to mitigate human error, which continues to be a significant contributor to security vulnerabilities, it is becoming customary to implement regular training programs, phishing simulations, and policy updates. As the threat landscape evolves, the growing awareness of cyber security as a strategic necessity rather than a reactive measure is reshaping how businesses approach digital risk management.
The adoption of IoT devices and 5G networks transforms industries and everyday life by enabling unprecedented connectivity and innovation. According to the ITU, since commercial deployment began in 2019, 5G coverage has increased to 40 percent of the world population in 2023. ITU stated that a 5G network covers 89 percent of the population in high-income countries.
Australia’s IT and telecom cyber security market is expanding rapidly, fueled by government investments in digital infrastructure and the rising adoption of remote work solutions. The Australian IT and IT-enabled services (ITeS) sector continues to grow, with the digital economy expected to contribute AUD 250 billion to GDP by 2030, as reported by the Australian Trade and Investment Commission. The National Broadband Network (NBN) project has significantly improved nationwide internet accessibility, enabling businesses of all sizes to adopt secure communication tools and enhancing the need for cyber security solutions to protect the growing digital ecosystem. Hence, as digitalization accelerates across Asia Pacific, the demand for these solutions is expected to rise further.
The China market dominated the Asia Pacific IT And Telecom Cyber Security Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $6.57 billion by 2031. The Japan market is registering a CAGR of 13.8% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 15.2% during 2024-2031.
Organizations are also emphasizing the development of a cyber security culture among employees and stakeholders, in addition to technology. In order to mitigate human error, which continues to be a significant contributor to security vulnerabilities, it is becoming customary to implement regular training programs, phishing simulations, and policy updates. As the threat landscape evolves, the growing awareness of cyber security as a strategic necessity rather than a reactive measure is reshaping how businesses approach digital risk management.
The adoption of IoT devices and 5G networks transforms industries and everyday life by enabling unprecedented connectivity and innovation. According to the ITU, since commercial deployment began in 2019, 5G coverage has increased to 40 percent of the world population in 2023. ITU stated that a 5G network covers 89 percent of the population in high-income countries.
Australia’s IT and telecom cyber security market is expanding rapidly, fueled by government investments in digital infrastructure and the rising adoption of remote work solutions. The Australian IT and IT-enabled services (ITeS) sector continues to grow, with the digital economy expected to contribute AUD 250 billion to GDP by 2030, as reported by the Australian Trade and Investment Commission. The National Broadband Network (NBN) project has significantly improved nationwide internet accessibility, enabling businesses of all sizes to adopt secure communication tools and enhancing the need for cyber security solutions to protect the growing digital ecosystem. Hence, as digitalization accelerates across Asia Pacific, the demand for these solutions is expected to rise further.
List of Key Companies Profiled
- Check Point Software Technologies Ltd.
- Trend Micro, Inc.
- Palo Alto Networks, Inc.
- McAfee Corp.
- Cisco Systems, Inc.
- Fortinet, Inc.
- IBM Corporation
- Microsoft Corporation
- Wipro Limited
- Infosys Limited
Market Report Segmentation
By Deployment
- On-premise
- Cloud
By Component
- Software
- Hardware
- Services
By Enterprise Size
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific IT And Telecom Cyber Security Market by Deployment
Chapter 6. Asia Pacific IT And Telecom Cyber Security Market by Component
Chapter 7. Asia Pacific IT And Telecom Cyber Security Market by Enterprise Size
Chapter 8. Asia Pacific IT And Telecom Cyber Security Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Check Point Software Technologies Ltd.
- Trend Micro, Inc.
- Palo Alto Networks, Inc.
- McAfee Corp.
- Cisco Systems, Inc.
- Fortinet, Inc.
- IBM Corporation
- Microsoft Corporation
- Wipro Limited
- Infosys Limited
Methodology
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