Cyber Security as a Service Market Share

APAC Market Statistics

The Asia Pacific cyber security as a service market is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the proliferation of IoT devices and growing usage of cyber security. The Asia-Pacific region has long had a strong manufacturing base, and the industry is still a strong adopter of the Internet of Things (IoT). In the next five years, it is anticipated that the value of the internet of things (IoT) applied device market in Japan will increase by approcimately 21%. Moreover, the number of smart houses in India is currently close to 13 million, and by 2025, it is anticipated that this number would increase by nearly 13%. Furthermore, in China, the size of the cyber security business surpassed around USD 29 billion in 2021 and increased by an average of 15% per year from 2016 to 2020.