target audience: TECH SUPPLIER Publication date: Mar 2024 - Document type: Market Forecast - Doc Document number: # AP50956124
Asia/Pacific (Excluding Japan) Security Software and Appliance Forecast, 2023–2027
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Abstract
This IDC Market Forecast discusses the current state of the security industry and presents a five-year outlook for security software and appliance spending in the Asia/Pacific (excluding Japan) (APEJ) region. The report uses data from IDC's Semiannual Software Tracker — Forecast 2H22, IDC's Quarterly Security Appliance Tracker — Forecast 3Q23, numerous IDC end-user surveys, and IDC's market analysts' inputs from the ground. The market forecast report uncovers key trends and drivers that are expected to shape the security industry in the coming years and offer insights and recommendations for businesses looking to capitalize on this growing market.
"In the era of digitalization, the security software segment experiences robust growth, driven by heightened risk awareness. As businesses embrace the economic potential of the digital age, they must also navigate cybersecurity risks stemming from infrastructure modernizations, data handling, and emerging technologies. Amid this landscape, security software and appliances segments play crucial roles in proactively protecting organizations from potential vulnerabilities and safeguarding their digital assets," says James Sivalingam, senior program manager, IDC Asia/Pacific.