Asia Pacific Network Security Firewall Market Analysis and Opportunities by 2027

The network security firewall market in APAC is expected to grow from US$ 650.0 Mn in 2018 to US$ 2382.4 Mn by 2027; it is estimated to grow at a CAGR of 15.6% from 2019 to 2027.

The Australia, China, India, Japan, South Korea are main economies in APAC. Rising adoption of cloud and BYOD is gaining Popularity as a growth driver. With proliferation in remote and mobile work, and BYOD (Bring Your Own Device) trend, the hackers have expanded their target from a few employees to the entire network with the help of private emails. As the enterprises continue to make strategic shift to cloud, they have raised the demand for new and innovative methods such as encryption, email archiving solutions, URL Defense, and mobile defense to enhance the security of their networks. Additionally, as the diversity in whereabouts of the employees continues to expand, the companies are investing on robust security measures, which in turn are driving the growth of APAC network security firewall. The growing population across the region and growing living standard is also bolstering the growth of the Cloud and BYOD technology. Thus, the growth of cloud and BYOD technology is expected to create a significant demand for network security firewall in the coming years, which is further anticipated to drive the market in APAC. Furthermore, APAC region is highly impacted by the outbreak of coronavirus, owing to a massive number of cases in China, the country is the most crucial manufacturer and industrial producer since it trades highest number of manufacturing goods than any other country. Moreover, the study by Center for Strategic and International Studies (CSIS) has reviewed down estimates of the country’s growth and anticipating a drop in first-quarter Gross Domestic Product (GDP). According to the Organization for Economic Co-operation and Development (OECD), the other major economies outside of China have also affected by the pandemic, such as huge South Korea, Australia, Hong Kong and Japan, and are experiencing downward growth. Australia is among the three economies worst affected by the epidemic in APAC, along with China and Hong Kong. The estimations indicate the GDP contracting by 0.2% to 0.5%. More than 20,000 Australian jobs being lost. The Australian dollar dropped to its lowest value since Great Recession.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the network security firewall market. The Asia Pacific network security firewall market is expected to grow at a good CAGR during the forecast period.

APAC Network Security Firewall Market Segmentation

APAC Network Security Firewall Market – By Component

• Solution

• • SMS
    • A2PSMS
    • P2ASMS
  • Signalling
    • SS7
    • Diameter

• Services

APAC Network Security Firewall Market – By Deployment

• On premise
• Cloud

APAC Network Security firwall Market, by Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

APAC Network Security Firewall Market-Companies Mentioned

• Adaptive Mobile security
• AMD Telecom S.A.
• ANAM Technologies
• Cellusys
• Cisco Systems, Inc.
• Mobileum Inc.
• Omobio (Pvt) Ltd
• Openmind Networks
• SAP SE
• Symsoft AB (Sinch)

Asia Pacific Network Security Firewall Report Scope