Australia Cyber Security Market Introduction and Overview
According to SPER Market Research, the Australia Cyber Security Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
The report includes an in-depth analysis of the Australia Cyber Security Market, including market size and trends, product mix, distribution channels, and supplier analysis. Cybersecurity is quickly becoming an important component of the country's economy. The Australian cybersecurity industry is comprised of products and services that aid in the protection of computers, networks, and other electronic devices from malicious attacks, data theft, and other cyberthreats. The Australian cybersecurity business is characterized by a rapidly rising need for cybersecurity solutions as a result of an increase in cyberattacks and data breaches.
- A joint cybersecurity advisory outlining the escalating global threat posed by ransomware over the previous year was released in February 2022 by the Australian Cyber Security Centre (ACSC), the Cybersecurity and Infrastructure Security Agency (CISA), the Federal Bureau of Investigation (FBI), and the National Security Agency (NSA), among other organizations.
- In order to help businesses in the Asia Pacific (APAC) region prepare for and manage the growing threat of cyberattacks, IBM plans to invest millions of dollars in its resources in February 2022.
Market Opportunities and Challenges
Australia Cyber Security market offers a variety of opportunities and challenges. The digital economy and the rising demand for digital technology are creating new prospects for cybersecurity. In recent years, the Australian government has taken significant steps to adapt to this changing digital economy while protecting data through strict privacy rules. For instance, to highlight the most recent trends in ransomware, NCSC works with US and Australian partners.
The Australian cybersecurity market faces numerous important problems as it seeks to protect businesses and individuals from evolving cyber threats. One significant concern is the scarcity of competent cybersecurity specialists. The demand for specialists in the industry far outstrips the supply, making it challenging for firms to locate and keep skilled people. Furthermore, the continually changing nature of cyber threats and technology necessitates ongoing training and skill development.
Market Competitive Landscape
AWS Australia, Broadcom, Cisco Systems Australia Pty Ltd, Fortinet Australia, IBM Australia Ltd., Juniper Networks Australia Pty Ltd., Microsoft Australia, Oracle Corporation Australia Pty Ltd, Rapid7 Australia Pty Ltd., Trend Micro Australia Pty Ltd. These are the major players for Australia cyber security market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Security Type, By Solutions Type, By Deployment Mode, By End Use Industry.
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| Regions covered | New South Wales, Northern Territory, Queensland, South Australia, Tasmania, Victoria & Western Australia.
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| Companies Covered | AWS Australia, Broadcom, Cisco Systems Australia Pty Ltd, Fortinet Australia, IBM Australia Ltd., Juniper Networks Australia Pty Ltd., Microsoft Australia, Oracle Corporation Australia Pty Ltd, Rapid7 Australia Pty Ltd., Trend Micro Australia Pty Ltd.
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COVID-19 Impact on Australia Cyber Security Market
The COVID-19 pandemic has had a huge impact on cybersecurity globally and in Australia. As a result of the epidemic, many businesses and organizations are shifting to remote work and digital platforms to cope with the new normal. Because of the increased reliance on technology, cybersecurity is now more vital than ever. A surge in cyberthreats has been a significant impact of the pandemic on Australia's cybersecurity market. Using the pandemic as a pretext, cybercriminals have launched phishing, ransomware, and other types of cyber-attacks, concentrating on both individuals and businesses.
Key Target Audience
- Elevator and Escalator manufacturers
- Suppliers and distributors
- Contractors
- Architects
- Building owners and managers
- Regulatory bodies
- Government agencies
- Industry associations
- Investors
- Real estate developers
- Facility management companies
- Construction companies
- Maintenance and repair companies
Our in-depth analysis of the Australia Cyber Security Market includes the following segments:
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By Security Type:
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Application Security
Cloud Security
Content Security
Endpoint Security
Network Security
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By Solutions Type:
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Antivirus & Malware
Data Loss Prevention
Encryption & Decryption
Firewall
Identity & Access Management
Infrastructure Security
Intrusion Detection/Prevention System
Risk & Compliance Management
Unified Threat Management
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By Deployment Mode:
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On-Premise
Cloud
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By End Use Industry:
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BFSI
Defense
Energy & Power
Healthcare
IT & Telecom
Retail
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By Region:
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New South Wales
Northern Territory
Queensland
South Australia
Tasmania
Victoria
Western Australia
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Key Topics Covered in the Report
- Australia Cyber Security Market Size (FY’2023-FY’2032)
- Overview of Australia Cyber Security Market
- Segmentation of Australia Cyber Security Market By Security Type (Application Security, Cloud Security, Content Security, Endpoint Security, Network Security, Others)
- Segmentation of Australia Cyber Security Market By Solutions Type (Antivirus & Malware, Data Loss Prevention, Encryption & Decryption, Firewall, Identity & Access Management, Infrastructure Security, Intrusion Detection/Prevention System, Risk & Compliance Management, Unified Threat Management, Others)
- Segmentation of Australia Cyber Security Market By Deployment Mode (On-Premise, Cloud)
- Segmentation of Australia Cyber Security Market By End Use Industry (BFSI, Defense, Energy & Power, Healthcare, IT & Telecom, Retail, Others) Statistical Snap of Australia Cyber Security Market
- Expansion Analysis of Australia Cyber Security Market
- Problems and Obstacles in Australia Cyber Security Market
- Competitive Landscape in the Australia Cyber Security Market
- Impact of COVID-19 and Demonetization on Australia Cyber Security Market
- Details on Current Investment in Australia Cyber Security Market
- Competitive Analysis of Australia Cyber Security Market
- Prominent Players in the Australia Cyber Security Market
- SWOT Analysis of Australia Cyber Security Market
- Australia Cyber Security Market Future Outlook and Projections (FY’2023-FY’2032)
- Recommendations from Analyst
1.2. Market segment analysis
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.2. COVID-19 Impacts of the Australia Cyber Security Market
5. Market variables and outlook
5.2.1 Political landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
6.1 Australia Cyber Security Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Australia Cyber Security Market
7. Australia Cyber Security Market, By Security Type, 2019-2032 (USD Million)
8. Australia Cyber Security Market, By Solutions Type, 2019-2032 (USD Million)
8.2 Data Loss Prevention8.3 Encryption & Decryption
8.5 Identity & Access Management
8.7 Intrusion Detection/Prevention System
8.9 Unified Threat Management
9. Australia Cyber Security Market, By Deployment Mode, 2019-2032 (USD Million)
10. Australia Cyber Security Market, By End Use Industry, 2019-2032 (USD Million)
10.2 Defense10.4 Healthcare10.6 Retail
11. Australia Cyber Security Market, By Region, 2019-2032 (USD Million)
11.1 Australia Cyber Security Size and Market Share by Region (2019-2025)
11.2 Australia Cyber Security Size and Market Share by Region (2026-2032)
12.1.4 Recent developments
12.2.4 Recent developments
12.3 Cisco Systems Australia Pty Ltd
12.3.4 Recent developments
12.4.4 Recent developments
12.5.4 Recent developments
12.6 Juniper Networks Australia Pty Ltd.
12.6.4 Recent developments
12.7.4 Recent developments
12.8 Oracle Corporation Australia Pty Ltd
12.8.4 Recent developments
12.9 Rapid7 Australia Pty Ltd.
12.9.4 Recent developments
12.10 Trend Micro Australia Pty Ltd
12.10.2 Financial outlook
12.10.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
