Australia Cyber Security Market Outlook to 2027F
Segmented by Component (Hardware, Software and Services), By Security (Network, Endpoint, Application and Cloud Security), By Deployment Type (On-Premise and Cloud), By Organization Size (Medium, Small and Large Enterprise) and by Industry
Region:Asia
Product Code:KROD125
February 2023
70
About the Report
The report provides a comprehensive analysis of the potential of cyber security industry in Australia. The report covers an overview and genesis of the industry, market size in terms of revenue generated.
Its market segmentations include by component, by security, by deployment type, be region, by organization type and by industry; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.
Market Overview:
According to Ken Research estimates, the Australia Cyber Security Market – which grew from approximately AUD ~ Bn in 2017 to approximately AUD ~Bn in 2022 – is forecasted to grow further into AUD ~Bn opportunity by 2027F, owing to the new government policies, new players in the market and technological development.
- IoT devices have a security system that is vulnerable to cyberattacks. It is not designed to pre-detect or prevent threats, such as hacking. Thus, these devices could be prime targets for hackers to obtain usernames and passwords and access other confidential information.
- The quantity of personal information and transaction data that all Australia firms have on hand is growing. Sensitive data is frequently exposed due to organizational system weaknesses, making these firms the prime targets of cyberattacks.
Key Trends by Market Segment:
By Deployment Type: Cloud segment contributed to the highest share, and it is attributed to increasing technological integration and surging digital usage by consumers post COVID-19.
By Component: Entities generally approach a cybersecurity service provider to take care of various functions rather than a standalone hardware and software. Therefore, the revenue contribution is higher for services.
Competitive Landscape
Australia Cyber Security Market is at growing stage and has moderately fragmented market with more than 15 players in the market that adopt strategic initiatives such as partnerships, investments, and new product offerings due to increasing awareness regarding mobility security among enterprises. IBM, Akamai Technologies, Context Information Security, iSight Partners, NCC Group, Ping Identity, CyberCX, McAfee Enterprise
Future Outlook
Australia’s IT industry is on the rise, and more and more Australian companies are entering the international market. Therefore, it will boost the cyber security market in Australia. Additionally, factors like transaction data, improved internet services, government regulations and technological development will also support the market in future.
Scope of the Report
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Australia Cyber Security Market Segmentation |
|
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By Component |
Hardware Software Services |
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By Security |
Network Security Endpoint Security Application Security Cloud Security Others |
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By Deployment Type |
On-Premise Cloud |
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By Region |
Northern Western Eastern Central Southern |
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By Organization Size |
Medium and Small Enterprises Large Enterprises |
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By Industry |
BFSI Government Sector IT Telecom E-Commerce Healthcare Retail Others |
Products
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Technology Companies
- Cybersecurity Companies
- Banking and Financial Institutions
- Cybersecurity Service Providers
- Government Agencies
- Cybersecurity Consultants
Time Period Captured in the Report
- Historical Period: 2017-2021
- Base Year: 2022
- Forecast Period: 2023-2027F
Companies
Major Players Mentioned in the Report
- CISCO Corp.
- CSC Corp.
- DELL (SecureWorks Inc.)
- IBM Corp.
- Intel Corp.
- Akamai Technologies
- Context Information Security
- iSight Partners
- NCC Group
- Ping Identity
- CyberCX
- McAfee Enterprise
Table of Contents
1. Executive Summary
2. Australia Cyber Security Market Overview
2.1 Taxonomy of the Australia Cyber Security Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for the Australia Cyber Security Market
2.5 Growth Drivers of the Australia Cyber Security Market
2.6 Issues and Challenges of the Australia Cyber Security Market
2.7 Impact of COVID-19 on the Australia Cyber Security Market
2.8 SWOT Analysis
3. Australia Cyber Security Market Size, 2017 – 2022
4. Australia Cyber Security Market Segmentation
4.1 By Component, 2017 - 2022
4.2 By End-User, 2017 - 2022
4.3 By Regional Split (North/East/West/South/Central), 2017 – 2022
5. Competitive Landscape
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 5 Major Players)
5.3.1 CISCO Corp.
5.3.2 CSC Corp.
5.3.3 DELL (SecureWorks Inc.)
5.3.4 Intel Corp.
5.3.5 IBM Corp.
6. Australia Cyber Security Future Market Size, 2022 – 2027
7. Australia Cyber Security Future Market Segmentation
7.1 By Component, 2022 - 2027
7.2 By End-User, 2022 - 2027
7.3 By Regional Split (North/East/West/South/Central), 2022 - 2027
8. Analyst Recommendations
9. Research Methodology
10. Disclaimer
11. Contact Us
Research Methodology
Step 1: Identifying Key Variables:
Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.
Step 2: Market Building:
Collating statistics on cyber security products and services over the years, penetration of internet and data transactions ratio to compute overall revenue generated for cyber security. We will also review market players statistics to understand revenue generated amount which can ensure accuracy behind the data points shared.
Step 3: Validating and Finalizing:
Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Step 4: Research output:
Our team will approach multiple cyber security providing channels and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from cyber security providers.
Frequently Asked Questions
01 What is the Study Period of this Market Report?
The Australia Cyber Security Market is covered from 2017–2027F in this report, including a forecast for 2022-2027F.
02 What is the Future Growth Rate of the Australia Cyber Security Market?
The Australia Cyber Security Market is expected to witness a CAGR of ~% over the next years.
03 What are the Key Factors Driving the Australia Cyber Security Market?
New government policies, investment in cyber security, cyber-attacks and technological development are likely to fuel the growth in the Australia Cyber Security Market.
04 Which is the Largest Component Type Segment within the Australia Cyber Security Market?
The service type component type segment held the largest share of the Australia Cyber Security Market in 2022.
05 Who are the Key Players in the Australia Cyber Security Market?
IBM, Akamai Technologies, Context Information Security are few of the top players in market.
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