South Korea Cyber Security Market Growth, Share, Trends, Size, Revenue and Future Competition
South Korea Cyber Security Market Size- By Product Type, By Deployment, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Aug-2023 | Report ID: IACT23149 | Pages: 1 - 108 | Formats*: |
| Category : Information & Communications Technology | |||
South Korea Cyber Security Market Introduction and Overview
According to SPER Market Research, the South Korea Cyber Security Market is estimated to reach USD 15.64 billion by 2033 with a CAGR of 15.23%.
The report includes an in-depth analysis of the South Korea Cyber Security market, including market size and trends, product mix, distribution channels, and supplier analysis. Hardware, software, and data connected to the internet are all protected against cyberattacks. Enterprises can safeguard data confidentiality by using cybersecurity solutions to monitor, detect, report, and handle cyber threats.
- September 2021: For its Prisma Cloud solution, Palo Alto Networks has introduced new security capabilities that give developers and DevOps team access to container image sandboxing. The upgrade adds Windows compatibility, service mesh support, and improved API telemetry in addition to security for virtual machines on Google Cloud and Azure.
- March 2022: The opening of the first data centre for Alibaba Cloud in South Korea was announced. In order to support South Korean enterprises' digital transformation, the company will provide them with more dependable, secure, and scalable cloud services. Such occurrences will raise national need for cybersecurity.
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Market Opportunities and Challenges
- Opportunities:
- In order to streamline data storage and offer remote server access through the internet, many businesses are turning to cloud solutions, which give them access to limitless computing capacity. Organisations may manage all apps by implementing a cloud-based approach, which also offers difficult analytics that operate in the background.
- Challenges:
- The constant and changing nature of cyberattacks is one of the biggest problems. Cybersecurity solutions must stay on top of fraudsters' evolving strategies because as technology develops, they change their strategies. Another barrier is the dearth of qualified cybersecurity specialists. There is a skill gap that could obstruct the deployment and management of efficient security measures because demand for expertise in this field frequently exceeds supply.
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Market Competitive Landscape
The South Korean cyber security market is very competitive, and there are many international companies operating there. Due to the growing awareness of business mobility security, these key companies implement strategic measures like mergers and acquisitions, alliances, and new product offerings. The key players in the South Korea cyber security market include AVG Technologies (Avast Software s.r.o.), Broadcom Inc., Check Point Software Technologies Ltd, Cisco Systems Inc., Cyber Ark Software Ltd, Dell Technologies Inc., Fortinet Inc., Intel Security (Intel Corporation), Palo Alto Networks Inc., Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Deployment, By End User |
| Regions covered | East South Korea, Southeast South Korea, Southwest South Korea, West South Korea |
| Companies Covered | AVG Technologies (Avast Software s.r.o.), Broadcom Inc., Check Point Software Technologies Ltd, Cisco Systems Inc., Cyber Ark Software Ltd, Dell Technologies Inc., Fortinet Inc., Intel Security (Intel Corporation), Palo Alto Networks Inc., Others |
COVID-19 Impact on South Korea Cyber Security Market
With the imposition of government restrictions due to the COVID-19 outbreak, there is a noticeable trend of employees opting to work from home. This shift has led to a greater reliance on technology in both our personal lives and professional endeavours. Despite the increased demand for technology, it's evident that many companies have not yet established a secure digital environment for remote work. While in-person meetings were once the norm, they have largely transitioned to online platforms. Opportunistic cybercriminals view the pandemic as a favourable situation to escalate their illicit activities, capitalizing on remote workers and the public's heightened interest in coronavirus-related news. This has manifested in the form of malicious schemes such as fake websites dedicated to COVID-19.
Key Target Audience
- Businesses and Corporations
- Critical Infrastructure Providers
- Cybersecurity Professionals and Researchers
- Educational Institutions
- Financial Institutions
- Government and Regulatory Authorities
- Individuals and Consumers
- International Partners and Alliances
- Law Enforcement Agencies
- Media and Communication Platforms
- Non-Governmental Organizations (NGOs)
- Software Developers and Vendors
- Supply Chain Partners
- Others
Our in-depth analysis of the South Korea Cyber Security Market includes the following segments:
| By Product Type |
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| By Deployment: |
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| By End User: |
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Key Topics Covered in the Report
- South Korea Cyber Security Market Size (FY’2023-FY’2033)
- Overview of South Korea Cyber Security Market
- Segmentation of South Korea Cyber Security Market By Product Type (Services, Solutions)
- Segmentation of South Korea Cyber Security Market By Deployment (Cloud, On-Premise)
- Segmentation of South Korea Cyber Security Market By End User (Aerospace and Defense, Banking, Financial Services, and Insurance, Healthcare, IT and Telecommunication, Manufacturing, Retail, Other End-user Industries)
- Statistical Snap of South Korea Cyber Security Market
- Expansion Analysis of South Korea Cyber Security Market
- Problems and Obstacles in South Korea Cyber Security Market
- Competitive Landscape in the South Korea Cyber Security Market
- Impact of COVID-19 and Demonetization on South Korea Cyber Security Market
- Details on Current Investment in South Korea Cyber Security Market
- Competitive Analysis of South Korea Cyber Security Market
- Prominent Players in the South Korea Cyber Security Market
- SWOT Analysis of South Korea Cyber Security Market
- South Korea Cyber Security Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the South Korea Cyber Security Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. South Korea Cyber Security Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South Korea Cyber Security Market
7. South Korea Cyber Security Market, By Product Type (USD Million)
7.1. South Korea Cyber Security Market Value Share and Forecast, By Product Type, 2023-20337.2. Services7.3. Solutions
7.3.1. DDoS Mitigation7.3.2. Identity and Access Management7.3.3. Security and Vulnerability Management7.3.4. Security Information and Event Management7.3.5. Threat Detection and Prevention7.3.6. Other Solutions
8. South Korea Cyber Security Market, By Deployment (USD Million)
8.1. South Korea Cyber Security Market Value Share and Forecast, By Deployment, 2023-20338.2. Cloud8.3. On-Premise
9. South Korea Cyber Security Market, By End User (USD Million)
9.1. South Korea Cyber Security Market Value Share and Forecast, By End User, 2023-20339.2. Aerospace and Defense9.3. Banking, Financial Services, and Insurance9.4. Healthcare9.5. IT and Telecommunication9.6. Manufacturing9.7. Retail9.8. Other End-user Industries
10. South Korea Cyber Security Market Forecast, 2019-2033 (USD Million)
10.1. South Korea Cyber Security Market Size and Market Share
11. South Korea Cyber Security Market, By Product Type, 2019-2033 (USD Million)
11.1. South Korea Cyber Security Market Size and Market Share By Product Type (2019-2026)11.2. South Korea Cyber Security Market Size and Market Share By Product Type (2027-2033)
12. South Korea Cyber Security Market, By Deployment, 2019-2033 (USD Million)
12.1. South Korea Cyber Security Market Size and Market Share By Deployment (2019-2026)12.2. South Korea Cyber Security Market Size and Market Share By Deployment (2027-2033)
13. South Korea Cyber Security Market, By End User, 2019-2033 (USD Million)
13.1. South Korea Cyber Security Market Size and Market Share By End User (2019-2026)13.2. South Korea Cyber Security Market Size and Market Share By End User (2027-2033)
14. South Korea Cyber Security Market, By Region, 2019-2033 (USD Million)
14.1. South Korea Cyber Security Market Size and Market Share By Region (2019-2026)14.2. South Korea Cyber Security Market Size and Market Share By Region (2027-2033)14.3. East South Korea14.4. Southeast South Korea14.5. Southwest South Korea14.6. West South Korea
15. Company Profile
15.1. AVG Technologies (Avast Software s.r.o.)
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments
15.2. Broadcom Inc.
15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. Check Point Software Technologies Ltd
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. Cisco Systems Inc.
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments
15.5. Cyber Ark Software Ltd
15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. Dell Technologies Inc.
15.6.1. Company details15.6.2. Financial outlook15.6.3. Product summary15.6.4. Recent developments
15.7. Fortinet Inc.
15.7.1. Company details15.7.2. Financial outlook15.7.3. Product summary15.7.4. Recent developments
15.8. Intel Security (Intel Corporation)
15.8.1. Company details15.8.2. Financial outlook15.8.3. Product summary15.8.4. Recent developments
15.9. Palo Alto Networks Inc.
15.9.1. Company details15.9.2. Financial outlook15.9.3. Product summary15.9.4. Recent developments
15.10. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. 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.
Frequently Asked Questions About This Report
Hardware, software, and data connected to the internet are all protected against cyberattacks. Enterprises can safeguard data confidentiality by using cybersecurity solutions to monitor, detect, report, and handle cyber threats.
South Korea Cyber Security Market is projected to reach USD 15.64 billion by 2033, growing at a CAGR of 5.52% during the forecast period.
South Korea Cyber Security Market grew in market size from 2022. The Market is expected to reach USD 15.64 billion by 2033, at a CAGR of 5.52% during the forecast period.
South Korea Cyber Security Market CAGR of 5.52% during the forecast period.
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South Korea Cyber Security Market size is USD 15.64 billion from 2023 to 2033.
South Korea Cyber Security Market Segment is covered By Product Type, By Deployment, By End User
The Asia-Pacific is anticipated to have the highest market share in the South Korea Cyber Security Market.
The key players in the market include Companies Covered AVG Technologies (Avast Software s.r.o.), Broadcom Inc., Check Point Software Technologies Ltd, Cisco Systems Inc., Cyber Ark Software Ltd, Dell Technologies Inc., Fortinet Inc., Intel Security (Intel Corporation), Palo Alto Networks Inc., Others.
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