Market Introduction
The mounting usage of the internet is building a dynamic and interactive source of information for the user related to every field, such as governmental databases, financial transactions, and many more. The rising internet application makes it exciting and fascinating for the users, as active content is delivered through Adobe Flash and JavaScript. But, these active contents generate enormous opportunities for viruses and malware into the user's computers, used by cybercriminal to hinder and stole the user's crucial information. The growing integration of advanced technologies with data diode security products and solutions helps protect customers' sensitive data. For instance, in BFSI and other government sectors, the security the crucial and personal data is essential. Thus, to protect the data from data breaches, the companies are currently practicing to store information on isolated networks. Thereby demand the integration of data diode security products in their networks. APAC is anticipated to register the fast CAGR in the data diode security products market during the forecast period. The booming technology landscape in Asian countries, especially in the sectors such as government, oil & gas, and BFSI. The governments of countries in the region are continuously focusing on increasing the spending on the IT operations and unidirectional transaction of data associated with the different industries, enabling companies to adopt new advanced security products to simplify their business process. Also, high acceptance of industrial control system is expected to create a significant demand for data diode security products in the coming years, which is further anticipated to drive the data diode security products market in APAC.
Furthermore, COVID-19 is having a negative impact over APAC region. APAC is characterized by the presence of a large number of developing countries, positive economic outlook, high industrial presence, huge population, strong investments in industrial infrastructure, and rising disposable income. All these factors make APAC a major growth driving region for various markets including data diode security products. The large number of electronic components and various sectors such as IT, government, and oil & gas in this region present a huge opportunity for the growth of APAC data diode security products market. In addition to this, APAC is an also a manufacturing hub with countries such as China, Japan, South Korea, and India. COVID-19 is anticipated to cause huge disruptions in the growth of various industries in the region. For instance, China is the hub of manufacturing and largest raw material supplier for various industries and it is one of the worst affected COVID-19 countries. The lockdown of various plants and factories in China is affecting the APAC supply chains and negatively impacting manufacturing, delivery schedules, and sales of various products and services. China has recently emerged from a 2-month containment phase and moved into the mitigation stage; however, the economy growth is still declining due to uncertainty around COVID 19 outbreak. The governments of various countries of this region are taking drastic measures to reduce the effects of coronavirus outbreak by announcing lockdowns, travel and trade bans. All these measures are expected to have a negative impact on the adoption and growth of data diode security products especially in electronics and semiconductor sector in 2020 and 2021.
Market Overview and Dynamics
The data diode security products market in APAC is expected to grow from US$ 110.45 million in 2019 to US$ 136.73 million by 2027; it is estimated to grow at a CAGR of 4.3% from 2020 to 2027. At present, the business environment across all the technologically potential countries has become progressively digital, making an easy entry for cyber-attacks. Thus, the security and safety of physical assets, such as premises and hardware from physical threats, is essential. By overlooking, cyber threats can lead to severe damages to businesses and users. The critical infrastructure of any organization needs various security products in order to ensure physical protection. Numerous systems that drive critical infrastructure runs on outdated hardware or software systems. To prevent increasing threats, the infrastructures should shift from traditional security measures to advanced solutions. Critical infrastructures across several premises incorporate data diode security products, as it offers high protection for critical systems. Moreover, with data diodes security products, legacy systems can be protected without maintaining the whole operational system. Therefore, this significant advantage of this product is compelling the APAC market growth. Thus, the adoption of data diodes to prevent vulnerabilities from threats and focus of vendors on designing efficient data diode security products for various end user industries are the major factors driving the APAC market.
Key Market Segments
In terms of type, the non-ruggedized data diode segment accounted for the largest share of the APAC data diode security products market in 2019. In terms of application, the government segment held a larger market share of the APAC data diode security products market in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the data diode security products market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are BAE Systems, Belden Inc., Fibersystem AB, Forcepoint, Fox-IT Holding B.V., Rohde & Schwarz GmbH & Co.
Reasons to buy report
- To understand the APAC data diode security products market landscape and identify market segments that are most likely to guarantee a strong return
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- Obtain market revenue forecast for data diode security products market by various segments from 2020-2027 in APAC region.
APAC Data Diode Security Products Market Segmentation
APAC Data Diode Security Products Market - By Type
- Non-Ruggedized Data Diode
- Ruggedized Data Diode
APAC Data Diode Security Products Market - By Application
- Government
- Oil & Gas
- BFSI
- Others
APAC Data Diode Security Products Market - By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Data Diode Security Products Market - Company Profiles
- BAE Systems
- Belden Inc.
- Fibersystem AB
- Forcepoint
- Fox-IT Holding B.V.
- Rohde & Schwarz GmbH & Co.