Indonesia 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:KROD126
February 2023
70
About the Report
The report provides a comprehensive analysis of the potential of cyber security industry in Indonesia. 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, 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 Indonesia Cyber Security Market – which grew from approximately USD ~ Bn in 2017 to approximately USD ~Bn in 2022 – is forecasted to grow further into USD ~Bn opportunity by 2027F, owing to the new government policies, new players in the market and technological development.
- The Indonesian government is developing a plan to maximize its cybersecurity sector as it becomes increasingly worried about the security of its data in response to increased international conflict and requests for more personal safeguards.
- The quantity of personal information and transaction data that all Indonesian 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.
Future Outlook
The Indonesian Cybersecurity market is expected to continue to grow in the coming years. The increasing digitization of the economy, the growing awareness for cybersecurity and the increasing number of cyber-attacks, are expected to drive the demand for cybersecurity solutions. Additionally, with the growing of e-commerce market in Indonesia, there will be a growing need for a secure payments system and protection against cyber threats. As a result, there will likely be significant opportunities for investment in the Indonesian cybersecurity market in the coming years.
Scope of the Report
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Indonesia 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 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
- Kaspersky Lab
- Symantec
- McAfee
- Microsoft
- Trend micro
- Telkomsel
- Telekomunikasi Indonesia
- XL Axiata
- Indosat
Table of Contents
1. Executive Summary
2. Indonesia Cyber Security Market Overview
2.1 Taxonomy of the Indonesia Cyber Security Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for the Indonesia Cyber Security Market
2.5 Growth Drivers of the Indonesia Cyber Security Market
2.6 Issues and Challenges of the Indonesia Cyber Security Market
2.7 Impact of COVID-19 on the Indonesia Cyber Security Market
2.8 SWOT Analysis
3. Indonesia Cyber Security Market Size, 2017 – 2022
4. Indonesia 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 of Indonesia Cyber Security Market
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles – (Top 7 Major Players)
5.3.1 Kaspersky Lab
5.3.2 Symantec
5.3.3 Microsoft
5.3.4 McAfee
5.3.5 Cisco Systems, Inc.
5.3.6 FUJITSU
5.3.7 Dell Technologies Inc.
6. Indonesia Cyber Security Future Market Size, 2022 – 2027
7. Indonesia 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 Indonesia 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 Indonesia Cyber Security Market?
The Indonesia Cyber Security Market is expected to witness a CAGR of ~% over the next years.
03 What are the Key Factors Driving the Indonesia Cyber Security Market?
New government policies, investment in cyber security, cyber-attacks and technological development are likely to fuel the growth in the Indonesia Cyber Security Market.
04 Which is the Largest Component Type Segment within the Indonesia Cyber Security Market?
The service type component type segment held the largest share of the Indonesia Cyber Security Market in 2022.
05 Who are the Key Players in the Indonesia Cyber Security Market?
Kaspersky Lab, Symantec, Microsoft and McAfee are few of the top players in market.
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