Singapore Cybersecurity Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,950	200 Pages	BlueWeave Consulting	August, 2023	BLWC18132143

Best Price Guarantee
Price	from $2,950
Length	200 Pages
Publisher	BlueWeave Consulting
Published Date	August, 2023
SKU	BLWC18132143

Singapore Cybersecurity Market, By Component (Hardware, Software, Services); By Software (APT, Threat Intelligence Platform, Security & Vulnerability Management, Network Access Control, Antivirus/Antimalware, Firewall, Secure Web Gateway, Encryption, Disaster Recovery, Risk & Compliance Management, Others); By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security, Others); By Deployment Type (Cloud-based, On-Premises); By Organization Size (SMEs, Large Enterprises); By Application (IT & Telecom, Retail, BFSI, Healthcare, Aerospace & Defense, Manufacturing, Energy & Utilities, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

Singapore Cybersecurity Market Size Zooming 2.8X to Touch USD 5 Billion by 2029

Singapore cybersecurity market is gaining traction because of the increasing number of cyber threats and rapid digital transformation across industries.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Singapore cybersecurity market size at USD 1.71 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Singapore cybersecurity market size to grow at a CAGR of 16.20% reaching a value of USD 4.86 billion by 2029. Strong cybersecurity legislation for better management of cyberattacks and the rising incidence of cyberattacks in the country are two significant growth factors for the Singapore cybersecurity market. It is projected that the market will witness profitable growth during the forecast period due to the growing acceptance of cybersecurity services among small and medium-sized businesses.

Singapore Cybersecurity Market – Overview

Security is the process of guarding against unwanted access to networks, systems, and applications, as well as online or digital threats. Numerous strategies can be used to combat cybercrime, including but not limited to critical infrastructure security, network security, application security, cloud security, disaster recovery/business continuity planning, storage security, and others. As organizations also gather, store, and use a lot of private data online, cybersecurity is a primary priority for corporations and military, financial, and healthcare organizations.

Singapore Cybersecurity Market

Segmental Information

Singapore Cybersecurity Market – By Software

Based on software, the Singapore cybersecurity market is segmented into APT, threat intelligence platform, security & vulnerability management, network access control, antivirus/antimalware, firewall, secure web gateway, encryption, disaster recovery, risk & compliance management, and others. The network access control software segment holds the highest market share. Network access control is a method of preventing unwanted users and devices from connecting to a business or private network. This kind of traction is immensely gaining traction in the healthcare sector as it assists in boosting ransomware defense, improves healthcare security, and shields equipment and medical records from attackers.

Impact of COVID-19 on Singapore Cybersecurity Market

The unprecedented surge in cyberattacks across Singapore during the COVID-19 outbreak resulted in a significant demand for cybersecurity in the country. The rising adoption of remote working and the use of Wi-Fi networks posed serious security risks to the systems. According to research by the software giant VMware, almost eight out of ten public and private sector organizations in this country blamed such a working structure for an increase in cyberattacks generally. The research also revealed that the outdated security systems used by industries are to be blamed for the surge in cyberattacks during the pandemic.

Competitive Landscape

Major players operating in the Singapore cybersecurity market include Palo Alto Networks, Symantec Corporation, Check Point Software Technologies, FireEye, Trend Micro, RSA Security, Fortinet, CyberArk, F-Secure, Trustwave Holdings, NTT Security, Akamai Technologies, Cisco Systems, IBM Security, and McAfee. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Singapore Cybersecurity Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Singapore Cybersecurity Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

1. Research Framework: 1.1. Research Objective; 1.2. Product Overview; 1.3. Market Segmentation
2. Executive Summary
3. Singapore Cybersecurity Market Insights: 3.1. Industry Value Chain Analysis; 3.2. DROC Analysis; 3.2.1. Growth Drivers; 3.2.1.1. Increasing Number of Cyber Threats; 3.2.1.2. Rapid Digital Transformation Across Industries; 3.2.1.3. Stringent Compliance and Regulatory Requirements, Particularly in Sectors such as Banking, Finance, and Healthcare; 3.2.2. Restraints; 3.2.2.1. Shortage of Skilled Professionals; 3.2.2.2. Cost Constraints; 3.2.3. Opportunities; 3.2.3.1. Growing Demand for Managed Security Services; 3.2.3.2. Emphasis on Innovation And Research; 3.2.4. Challenges; 3.2.4.1. Adoption of Emerging Technologies, such as Artificial Intelligence (AI), Machine Learning (ML), and Blockchain; 3.3. Technological Advancements/Recent Developments; 3.4. Regulatory Framework; 3.5. Porter’s Five Forces Analysis; 3.5.1. Bargaining Power of Suppliers; 3.5.2. Bargaining Power of Buyers; 3.5.3. Threat of New Entrants; 3.5.4. Threat of Substitutes; 3.5.5. Intensity of Rivalry
4. Singapore Cybersecurity Market Overview: 4.1. Market Size & Forecast, 2019–2029; 4.1.1. By Value (USD Billion); 4.2. Market Share & Forecast; 4.2.1. By Component; 4.2.1.1. Hardware; 4.2.1.2. Software; 4.2.1.3. Services; 4.2.2. By Software; 4.2.2.1. APT; 4.2.2.2. Threat Intelligence Platform; 4.2.2.3. Security & Vulnerability Management; 4.2.2.4. Network Access Control,; 4.2.2.5. Antivirus/Antimalware; 4.2.2.6. Firewall; 4.2.2.7. Secure Web Gateway; 4.2.2.8. Encryption; 4.2.2.9. Disaster Recovery; 4.2.2.10. Risk & Compliance Management; 4.2.2.11. Others; 4.2.3. By Security Type; 4.2.3.1. Network Security; 4.2.3.2. Endpoint Security; 4.2.3.3. Application Security; 4.2.3.4. Cloud Security; 4.2.3.5. Others; 4.2.4. By Deployment Type; 4.2.4.1. Cloud; 4.2.4.2. On-Premises; 4.2.5. By Organization Size; 4.2.5.1. SMEs; 4.2.5.2. Large Enterprises; 4.2.6. By Application; 4.2.6.1. IT & Telecom; 4.2.6.2. Retail; 4.2.6.3. BFSI; 4.2.6.4. Healthcare; 4.2.6.5. Aerospace & Defense; 4.2.6.6. Manufacturing; 4.2.6.7. Energy & Utilities; 4.2.6.8. Others
5. Competitive Landscape: 5.1. List of Key Players and Their Range; 5.2. Singapore Cybersecurity Company Market Share Analysis, 2022; 5.3. Competitive Benchmarking, By Operating Parameters; 5.4. Key Strategic Development (Merger, Acquisition, Partnership)
6. Impact of Covid-19 on Singapore Cybersecurity Market Industry
7. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, SWOT Analysis): 7.1. Palo Alto Networks; 7.2. Symantec Corporation; 7.3. Check Point Software Technologies; 7.4. FireEye; 7.5. Trend Micro; 7.6. RSA Security; 7.7. Fortinet; 7.8. CyberArk; 7.9. F-Secure; 7.10. Trustwave Holdings; 7.11. NTT Security; 7.12. Akamai Technologies; 7.13. Cisco Systems; 7.14. IBM Security; 7.15. McAfee; 7.16. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology: 9.1. Qualitative Research; 9.1.1. Primary & Secondary Research; 9.2. Quantitative Research; 9.3. Market Breakdown & Data Triangulation; 9.3.1. Secondary Research; 9.3.2. Primary Research; 9.4. Breakdown of Primary Research Respondents; 9.5. Assumption & Limitation; *Financial information of non-listed companies can be provided as per availability.; **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures: Figure 1 Singapore Cybersecurity Segmentation; Figure 2 Singapore Cybersecurity Market Value Chain Analysis; Figure 3 Company Market Share Analysis, 2022; Figure 4 Singapore Cybersecurity Market Size, By Value (USD Billion), 2019–2029; Figure 5 Singapore Cybersecurity Market Share, By Component, By Value, 2019–2029; Figure 6 Singapore Cybersecurity Market Share, By Software, By Value, 2019–2029; Figure 7 Singapore Cybersecurity Market Share, By Security Type, By Value, 2019–2029; Figure 8 Singapore Cybersecurity Market Share, By Deployment Type, By Value, 2019–2029; Figure 9 Singapore Cybersecurity Market Share, By Organization Size, By Value, 2019–2029; Figure 10 Singapore Cybersecurity Market Share, By Application, By Value, 2019–2029
List of Tables: Table 1 Singapore Cybersecurity Market Size, By Component, By Value, 2019–2029; Table 2 Singapore Cybersecurity Market Size, By Software, By Value, 2019–2029; Table 3 Singapore Cybersecurity Market Size, By Security Type, By Value, 2019–2029; Table 4 Singapore Cybersecurity Market Size, By Deployment Type, By Value, 2019–2029; Table 5 Singapore Cybersecurity Market Size, By Organization Size, By Value, 2019–2029; Table 6 Singapore Cybersecurity Market Size, By Application, By Value, 2019–2029; Table 7 Palo Alto Networks Company Overview; Table 8 Palo Alto Networks Financial Overview; Table 9 Symantec Corporation Company Overview; Table 10 Symantec Corporation Financial Overview; Table 11 Check Point Software Technologies Company Overview; Table 12 Check Point Software Technologies Financial Overview; Table 13 FireEye Company Overview; Table 14 FireEye Financial Overview; Table 15 Trend Micro Company Overview; Table 16 Trend Micro Financial Overview; Table 17 RSA Security Company Overview; Table 18 RSA Security Financial Overview; Table 19 Fortinet Company Overview; Table 20 Fortinet Financial Overview; Table 21 CyberArk Company Overview; Table 22 CyberArk Financial Overview; Table 23 F-Secure Company Overview; Table 24 F-Secure Financial Overview; Table 25 Trustwave Holdings Company Overview; Table 26 Trustwave Holdings Financial Overview; Table 27 NTT Security Company Overview; Table 28 NTT Security Financial Overview; Table 29 Akamai Technologies Company Overview; Table 30 Akamai Technologies Financial Overview; Table 31 Cisco Systems Company Overview; Table 32 Cisco Systems Financial Overview; Table 33 IBM Security Company Overview; Table 34 IBM Security Financial Overview; Table 35 McAfee Company Overview; Table 36 McAfee Financial Overview