The Indonesia Cybersecurity Market size is estimated at USD 1.15 billion in 2023, and is expected to reach USD 3.39 billion by 2028, growing at a CAGR of 24.19% during the forecast period (2023-2028).
The Indonesian cybersecurity market is fragmented and competitive, with few international and regional players. Innovation can bring about a sustainable, competitive advantage to these firms. New fields, such as big data and IoT, are reshaping security trends, and the firm concentration ratio is expected to record higher growth during the forecast period. Some of the major players include IBM Corporation, Cisco Systems Inc., and Dell Technologies Inc.
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