Focus on investment in cyber security, cyber-attacks, digital economy and cybersecurity regulatory system are major factor contributing towards development of cyber security market in Australia.
Cybersecurity in Healthcare: The demand for cybersecurity witnessed a sharp rise due to the rise in cyber attacks due to COVID-19. Hacking patients’ medical devices is a common cyberattack during the COVID-19 pandemic because more patients are using remote care. The temporary and makeshift medical facilities being used to care for people infected with the novel coronavirus have created more vulnerabilities for hackers to exploit. Healthcare Cybersecurity solutions are being sold for several purposes such as identity and access management, risk and compliance management, antivirus and antimalware, security information and event management, and intrusion detection system.
Expansion of Internet Coverage and Speed: With the help of the Internet Australia Project, 95% of urban residents would have access to managed high-speed broadband networks. The State Council of Australia also intends to spend an additional US$22 billion on upgrading broadband network infrastructure in the nation’s rural districts. An estimated 30 million households and 50,000 communities would receive better internet access due to the government efforts in Australia.
Increased phishing and Malware Threats among Businesses: Ransomware assaults are still among the most troublesome cyber threats to people and companies, and they need to be addressed. In order to provide a coordinated worldwide response to address these cyber threats, the Australian Cyber Security Centre (ACSC) collaborated with its colleagues in the UK and the US to issue this alert and delivering a coordinated international response to thwart these cyber-attacks. The ability of cybercrimes to infiltrate, take control of, and harm entire electronic information networks has substantially risen due to malware such as viruses and trojan horses. Malware is a tool used by cybercriminals to seize control of hardware or software in order to steal money from consumers, delete confidential data, or carry out other nefarious or dishonest operations. These elements together fuel the expansion of cyber security.
Analysts at Ken Research in their latest publication “Australia Cyber Security Market Outlook to 2027F- Driven by rising enterprises, technological developments and market investment” observed that Cyber Security Market in Australia is at growing stage. The high number of smartphone users, cybersecurity tools, Australia’s regulations with government initiatives is expected to contribute to the market growth over the forecast period. The market is expected to grow at an ~% CAGR during 2022-2027F.
Key Segments Covered in the report:-
Australia Cyber Security Market
By Component
Hardware
Software
Services
By Security
Network Security
Endpoint Security
Application Security
Cloud Security
Others
By Deployment Type
On-Premise
Cloud
By Region
Northern
Western
Eastern
Central
Southern
By Organization Size
Medium and Small Enterprises
Large Enterprises
By Industry
BFSI
Government Sector
IT
Telecom
E-Commerce
Healthcare
Retail
Others
Key Target Audience
Technology Companies
Cybersecurity Companies
Banking and Financial Institutions
Cybersecurity Service Providers
Government Agencies
Cybersecurity Consultants
Time Period Captured in the Report
Historical Period: 2017-2021
Base Year: 2022
Forecast Period: 2023-2027F
Companies Covered
CISCO Corp.
CSC Corp.
DELL (SecureWorks Inc.)
IBM Corp.
Intel Corp.
Akamai Technologies
Context Information Security
iSight Partners
NCC Group
Ping Identity
CyberCX
McAfee Enterprise
Key Topics Covered in the Report
Australia Cybersecurity Market Overview and Genesis
Australia Cybersecurity Market Size, 2022
Australia Cybersecurity Market Segmentations, 2022
Demand Analysis of Australia Cybersecurity Market
Porter’s Five Analysis, Growth Drivers and Trends in Australia Cybersecurity Market
Challenges, government regulation and impact of covid on Australia Cybersecurity Market
Future Outlook and Market Size for Australia Cybersecurity Market, 2022-2027F
Market Segmentations for Australia Cybersecurity Market, 2022-2027F
Competitive scenario for Australia Cybersecurity Market
Analyst Recommendations and Industry Speaks
For more insights on the market intelligence, refer to below link:-
Australia Cyber Security Market
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