In the Asia Pacific
region, the Cyber
Security Market is at a growth stage and has a wide capacity to
increase in the region. The market has presented an auspicious growth in the
terms of revenue. The growth is not only owing to the growing cyber crimes in
the regions, but additionally owing to the advancement in the region and
growing digital existence around the dissimilar segments namely IT, Banking,
Small and Medium Enterprises and Education and many more. The increasing
internet penetration in the region was witnessed underwriting to the cyber
security market with the increasing cyber crimes on the internet.
Not only has this, by the
imported and domestic security and solution, the imported services and
solutions registered the cyber security market in the Vietnam during the recent
past years due to the restricted solutions suggested by the domestic corporates
demonstrate in the Vietnam. It was observed that, the Vietnamese business
corporates and the home user desire purchasing from the international
corporates and the domestic corporates are the widely preferred in the case of
cyber security services.
Whereas, based on the type
of solution, the market of cyber security in the Asia Pacific region is
sectored into Firewall and UTM, antivirus, detection system, Identity and
Access management, Encryption, disaster recovery, data loss prevention and IoT
devices. In addition, it is anticipated that the firewall and unified threat
management (UTM) attributed the majority of the market share in the terms of
revenue during the recent past years. The UTM is the most primarily security
solutions and involves the Antivirus, Firewall, Email Security, Intrusion
Detection system, web content security and several others. The outstanding
market share was attributed by the Antivirus, Intrusion detection system,
Identity and access management and several other solutions during the recent
past years.
Although, in the Asia
Pacific region, the Vietnam cyber security market was extremely registered by
the banking and financial services end user sector in the recent past years
owing the wide requirement of the security services and solutions for this
industry as they deal with the widely trustworthy user data and the monetary
transactions. For instance, the remaining market share was attributed by the
government, retail, IT, healthcare, private users, energy and power and several
other end users during the recent past years.
Nonetheless, in the Asia
Pacific region, the Vietnam cyber security market was effectively witnessed to
be temperately scrappy in the Mother Nature with the efficient existence of
both the international as well as domestic players in the services and
solutions sector. Few of the foremost corporates such as Juniper Network,
Cisco, Check Point software Technologies, Symantec Corporation were witnessed
to lead in terms of market share, followed by Hewlett Packard Enterprise
Development LP, Kaspersky, Fortinet, CMC Corporation and many others. The cyber
security solution merchants in the Vietnam contend on the basis of price of the
security solutions, technological advancements, product contributions, supply
chain management, after-sales services and number of clientele.
Therefore, in the coming
years, it is anticipated that the market of cyber security in the Asia Pacific
region will increase more significantly over the near future with the huge
investment by the coming and existing players.
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