Asia-Pacific Security As A Service Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component (Solution and Service), Organization Size (Large Enterprises and SMEs), Application (Network Security, Endpoint Security, Application Security, Cloud Security, and Others), and Vertical (BFSI, Government & Defense, Retail, Healthcare, IT & Telecom, Energy & Utilities, Manufacturing, and Others)
The APAC security as a service market is expected to grow from US$ 3,259.09 million in 2022 to US$ 8,818.09 million by 2028; it is estimated to grow at a CAGR of 18.0% from 2022 to 2028.
When it comes to cloud-native security, conventional security solutions made with on-premises networks in mind are the incorrect tool for the job. However, in a world where practically every organization relies on several cloud platforms, security solutions and policies solely concentrating on one provider's cloud (for example, just Azure or AWS) isn't comprehensive. The increasing significance of solutions created with multi-cloud security in mind is one of the most significant trends in cloud security. Enterprise workloads are dispersed across several cloud environments and evolve quickly, which is considered a multi-cloud security strategy. Enterprise workloads are dispersed across several cloud environments and change quickly; a multi-cloud security strategy considers this. In addition to increasing flexibility and layering automation and intelligence into security across platforms, multi-cloud security solutions decrease or do away with the point solutions that tie security to a single site. Therefore, businesses can better defend themselves against contemporary dangers using multi-cloud security solutions.
Vendors in the security as a service market can attract new customers and expand their footprints in emerging markets by offering products with new features and technologies. This factor is likely to drive the APAC security as a service market at a good CAGR during the forecast period.
APAC Security As A Service Market Revenue and Forecast to 2028 (US$ Million)
APAC Security As A Service Market Segmentation
The APAC security as a service market is segmented on the basis of component, organization size, application, vertical, and country. Based on component, the market is segmented into solution and service. The solution segment dominated the market in 2022, and the service segment is expected to register the highest CAGR during forecast period. Based on organization size, the market is segmented into small and medium enterprises and large enterprises. The large enterprises segment dominated the market in 2022 and small and medium enterprises segment is expected to register the highest CAGR during the forecast period. Based on application, the APAC security as a service market is segmented into network security, endpoint security, application security, cloud security, and others. The network security segment dominated the market in 2022, and the application security segment is expected to register the highest CAGR during the forecast period. Based on vertical, the APAC security as a service market is segmented into BFSI, government & defense, retail, healthcare, IT & telecom, energy & utilities, manufacturing, and others. The BFSI segment dominated the market in 2022 and is expected to register the highest CAGR during the forecast period. Based on country, the APAC security as a service market is segmented into China, Japan, India, Australia, South Korea, and, and Rest of APAC.
Barracuda Networks, Inc.; IBM Corporation; McAfee, LLC; Microsoft Corporation; Radware; Trend Micro Incorporated; and Zscaler, Inc. are among the leading companies in the APAC security as a service market.
Reasons to buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC security as a service market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the APAC security as a service market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the security as a service market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook