Australia cyber security market is expected to grow at an impressive rate during the forecast period. The Australia cyber security market is driven by the growing cyber security concerns from both internal and external sources within organizations. This has drastically increased the demand for organization security solutions to minimize the damage to the IT resources and important organizational data. This in turn is expected to positively impact the market growth during the forecast period. Furthermore, increasing adoption cloud computing, machine learning, IoT, AI, among others in cyber security solutions is expected to create lucrative opportunities for the market growth through 2027. However, dearth of skilled professionals to prevent cyber-attacks and manage the cyber security solutions can hamper the market growth over the next few years. Besides, adhering to cyber security norms and standardization can also restrict the market growth.
The Australia cyber security market is segmented based on security type, solution type, deployment mode, end user industry, company, and region. Based on deployment mode, the market can be bifurcated into on-premises and cloud. The cloud segment is expected to dominate the market owing to the associated benefits such as scalability, flexibility, low operational costs, auto-update feature, among others. Based on end user industry, the market can be fragmented into BFSI, IT & telecom, defense, energy & power, retail, healthcare, and others. The healthcare segment is expected to hold a significant market share during the forecast period owing to the increased use of cyber security solutions in hospitals, diagnostic labs, clinics, ambulatory centers, among others to protect patient records.
The major players operating in the cyber security market are IBM Australia Ltd., Broadcom, Fortinet Australia, Cisco Systems Australia Pty Ltd, Oracle Corporation Australia Pty Ltd, Trend Micro Australia Pty Ltd, Microsoft Australia, Rapid7 Australia Pty Ltd., AWS Australia, Juniper Networks Australia Pty Ltd and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Objective of the Study
- To analyze and estimate the market size of Australia cyber security market from 2017 to 2020.
- To estimate and forecast the market size of Australia cyber security market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast Australia cyber security market based on security type, solution type, deployment mode, end user industry, company, and regional distribution.
- To identify dominant region or segment in the Australia cyber security market.
- To identify drivers and challenges for Australia cyber security market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Australia cyber security market.
- To identify and analyze the profile of leading players operating in Australia cyber security market.
- To identify key sustainable strategies adopted by market players in Australia cyber security market.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of service providers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the service providers which could not be identified due to the limitations of secondary research. Market Insights Research analyzed the service providers, distribution channels and presence of all major players across the globe.
Market Insights Research calculated the market size of
Key Target Audience
- Cyber security service provider companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to cyber security
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022E |
| Forecast Period | 2023F – 2027F |
| Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022E-2027F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Security Type · Solution Type · Deployment Mode · End User Industry |
| Region Scope | New South Wales, Northern Territory, Queensland, South Australia, Tasmania, Victoria & Western Australia |
| Key Companies Profiled | IBM Australia Ltd., Broadcom, Fortinet Australia, Cisco Systems Australia Pty Ltd, Oracle Corporation Australia Pty Ltd, Trend Micro Australia Pty Ltd, Microsoft Australia, Rapid7 Australia Pty Ltd., AWS Australia, Juniper Networks Australia Pty Ltd. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
