Indonesia Cyber Security Market Outlook to 2027F

Indonesia Cyber Security Market Outlook to 2027F

The report provides a comprehensive analysis of the potential of cyber security industry in Indonesia. The report covers an overview and genesis of the industry, market size in terms of revenue generated. Its market segmentations include by component, by security, by deployment type, by organization type and by industry; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview:

According to Ken Research estimates, the Indonesia Cyber Security Market which grew from approximately USD ~ Bn in 2017 to approximately USD ~Bn in 2022 is forecasted to grow further into USD ~Bn opportunity by 2027F, owing to the new government policies, new players in the market and technological development.

The Indonesian government is developing a plan to maximize its cybersecurity sector as it becomes increasingly worried about the security of its data in response to increased international conflict and requests for more personal safeguards.

The quantity of personal information and transaction data that all Indonesian firms have on hand is growing. Sensitive data is frequently exposed due to organizational system weaknesses, making these firms the prime targets of cyberattacks.

Key Trends by Market Segment:

By Deployment Type: Cloud segment contributed to the highest share, and it is attributed to increasing technological integration and surging digital usage by consumers post COVID-19.

By Component: Entities generally approach a cybersecurity service provider to take care of various functions rather than a standalone hardware and software. Therefore, the revenue contribution is higher for services.

Future Outlook

The Indonesian Cybersecurity market is expected to continue to grow in the coming years. The increasing digitization of the economy, the growing awareness for cybersecurity and the increasing number of cyber-attacks, are expected to drive the demand for solutions. Additionally, with the growing of e-commerce market in Indonesia, there will be a growing need for a secure payments system and protection against cyber threats. As a result, there will likely be significant opportunities for investment in the Indonesian cybersecurity market in the coming years.

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