Cyber security is a volatile issue in APAC. APAC is the home for some of the world’s least networked countries such as Myanmar and Cambodia plus some of the most networked countries including South Korea, Japan, Malaysia & Singapore. Lack of Infrastructure and weak supporting legislation severely impedes the growth in the information security sector.
The cyber security market is estimated to witness a growth of $170 billion (USD) by 2020, with the increasing awareness from the private sector, military competition in cyber space, political turmoil, and increasing cybercrime, APAC organizations will spend $22 billion on critical infrastructure technologies by 2020.
Emerging economies such as China, India and South East APAC countries are one of the most potential destinations for Cyber security solution providers with an inducing need to safeguard cyber space. Sectors such as aerospace, defence, financial institutions, telecom companies are facing cyber attacks on a day to day basis making APAC as one of the most vulnerable and easiest to hack.
Cyberspace concerns extend throughout the Asia-Pacific region, and they increasingly are playing key roles in how nations define security’and threats. Traditional area geopolitical rivalries are enhanced by the potential for cyberoperations, and nations once secure behind rugged borders or vast bodies of water now face potential threats to their national infrastructure through a realm that knows no borders.