Asia Pacific AI in Cybersecurity Market Report and Forecast 2024-2032

Asia Pacific AI in Cybersecurity Market Outlook

The Asia Pacific AI in cybersecurity market size reached USD 3,253.3 million in 2023. The market is expected to grow at a CAGR of 21.32% between 2024 and 2032, reaching USD 18,525.2 million by 2032.

Key Takeaways:

• India's IT services sector, as per the Ministry of Electronics and Information Technology, maintains dominance with a $104 billion market in FY2022.

• India's extensive network of over 160,000 bank branches propels growth in the Asia Pacific AI cybersecurity market.

• China is estimated to maintain its dominance in the region over the forecast period.

Cloud security enhances the Asia Pacific AI in cybersecurity market growth by supporting scalability according to the security type, allowing solutions to adjust based on the organization's requirements. This facilitates growth without requiring substantial alterations to the infrastructure.

Cloud security enables flexibility as a business grows, eliminating the need for major infrastructure changes. It reduces costs by removing expenses associated with on-premises hardware. Remote monitoring is facilitated, and continuous security is ensured through redundancy. Additionally, providers' automatic updates guarantee up-to-date protection with minimal IT involvement.

In March 2024, Google inaugurated its inaugural cyber security hub in Tokyo, marking its first such centre in the Asia-Pacific region. The base hosted computer engineers from various companies across the region, offering them opportunities to learn about cyber defence strategies. Attendees included professionals from India, Australia, South Korea, Japan, and other Southeast Asian nations.

Application security shields against unauthorized entry and cyber threats using tools like firewalls. It also maintains the confidentiality, integrity, and availability of data, aiding in compliance with regulations and reducing the risk of penalties. Continuous vulnerability monitoring is implemented, fostering customer confidence by safeguarding sensitive information.

Market Segmentation

Asia Pacific AI in Cybersecurity Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Offering

• Hardware

• Solution

• Service

Market Breakup by Security Type

• Endpoint Security

• Network Security

• Cloud Security

• Application Security

Market Breakup by Deployment Mode

• Cloud

• On-Premise

Market Breakup by Technology

• Machine Learning

• Context-aware Computing

• Natural Language Processing

Market Breakup by Industrial Vertical

• BFSI

• Automotive and Transportation

• Retail and E-Commerce

• Manufacturing

• Government and Defense

• Healthcare

• Others

Market Breakup by Country

• China

• Japan

• India

• ASEAN

• Australia

• Others

The Asia Pacific AI in cybersecurity market key players are Samsung Electronics Co., Ltd., Amazon Web Services, Inc., Ensign InfoSecurity Pte Ltd, CloudSEK Information Security Private Limited, WeSecure, WISeKey International Holding Ltd., Acronis International GmbH., HCL Technologies Limited, Palo Alto Networks, Inc., and Vectra AI among others.

Key Highlights of the Report