Cyber Security Market by 2019 June 2014 | Page 3

Asia-Pacific Cyber Security Market The Asia-Pacific cyber security market is presently worth $14.82 billion, and is estimated to grow to $32.95 billion by the end of 2019. This market is poised to grow annually at a rate of 14.1 %. New products and offerings related to internet applications have been introduced in the Asia-Pacific market; thus requiring enhanced security solutions. Also, the total ICT spending has been on a rise. These are the main drivers for this market. Major vendors of cyber security solutions are Cisco, Symantec, IBM, and CSC, among others. Some of the challenges that need to be overcome are the issues of piracy and instable government policies. http://www.micromarketmonitor.com/market/asia-pacific-cyber-security9409640255.html MEA Region Cyber Security Market The MEA region has witnessed a rise in access to Internet services. Along with this, there are stringent government rules and regulations regarding the usage of the Internet and applied applications. Also, this is a highly vulnerable region; hence the demand for cyber security is going to continue in the near future. The total revenue of the cyber security market in the MEA region is estimated to be $6.19 billion. It is expected to reach $13.43 billion by the 2019, to grow annually at a CAGR of 13.7%. Some of the significant players in this segment are Symantec, Cisco, IBM, and Northrop Grumman, among others. http://www.micromarketmonitor.com/market/middle-east-and-africa-cybersecurity-9122775574.html Email: [email protected] Tel: +1-888-502-0539