ASEAN Cybersecurity Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The ASEAN Cybersecurity Market Report is Segmented by Offering (Solutions (Application Security, Cloud Security, Data Security, Identity and Access Management, Infrastructure Protection, Integrated Risk Management, Network Security Equipment, End-Point Security and Other Solutions) and Services (Professional Services and Managed Services)), by Deployment Mode (On-Premise and Cloud), by Organization Size (SMEs, Large Enterprises), by End-User Industry (BFSI, Healthcare, IT and Telecom, Industrial and Defense, Retail, Energy and Utilities, Manufacturing, and Other End-User Industries). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

ASEAN Cybersecurity Market Size

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ASEAN Cybersecurity Market Analysis

The ASEAN Cyber Security Market size is estimated at USD 5.51 billion in 2025, and is expected to reach USD 12.20 billion by 2030, at a CAGR of 17.24% during the forecast period (2025-2030).

  • Organizations, employees, and assets in the ASEAN region are increasingly threatened by cyberattacks. As these attacks become more frequent and sophisticated, and as corporate networks grow more complex, the demand for a variety of cybersecurity solutions has surged.
  • Mobile internet usage is on the rise in ASEAN nations. With more people accessing digital services via mobile devices, the urgency to secure these applications and networks has heightened. According to GSMA, Indonesia's subscriber penetration is projected to jump from 66% in 2023 to 77% by 2030.
  • As cyberattacks, including ransomware, phishing, and data breaches, evolve in sophistication, organizations are heightening their vigilance. The Indonesian government, through regulations like Presidential Regulation No. 47 of 2023, is emphasizing a National Cyber Security Strategy and Cyber Crisis Management. This aims to strengthen the nation's cybersecurity and adeptly handle cyber crises. With regional industries prioritizing compliance and customer data protection, the demand for cybersecurity services in Indonesia has become paramount.
  • The ASEAN region is witnessing a boom in IT investments alongside a surge in smartphone and internet adoption. Yet, the region grapples with significant cybersecurity challenges, leaving it vulnerable to hacker exploits. As the Internet of Things (IoT) proliferates, the demand for robust cybersecurity measures intensifies. However, the shortage of cybersecurity professionals threatens to stifle the market's growth. With high internet penetration and comparatively low cybersecurity spending, the region stands out as a prime target for cybercriminals.
  • Geopolitical tensions, notably the Russia-Ukraine conflict, ripple through ASEAN’s cybersecurity realm. With global unrest escalating, the shadow of state-sponsored cyberattacks looms, endangering the digital framework. Confronted with this intensified threat landscape, regional organizations are driven to strengthen their cybersecurity defenses against potential assaults and geopolitical cyber challenges.

BFSI Sector to be the Largest End User

  • Financial institutions are increasingly digitizing their operations and services, necessitating robust cybersecurity measures. The BFSI sector, managing high-value transactions and sensitive customer data, remains a prime target for cybercriminals.
  • Driven by digital transformation, cloud adoption, and the integration of technologies like blockchain and Artificial Intelligence (AI), the industry is witnessing a significant shift in its security measures. With the rise of fintech innovations, the need for agile cybersecurity strategies becomes paramount to safeguard transactions and customer information in this interconnected landscape.
  • The surge in digital technologies and online financial services has broadened the attack surface of cyber threats in the BFSI sector. As mobile banking, digital payment platforms, and Online transactions expand, they introduce challenges that demand advanced cybersecurity solutions to combat fraud, data breaches, and other cyber risks. Bank Indonesia reported that Indonesia's e-money transaction volume reached around USD 0.470 million in 2023.
  • Banking businesses embracing new technologies for enhanced customer service inadvertently become prime targets for cyberattacks, fueling the demand for diverse cybersecurity solutions. For example, in June 2024, OCBC Indonesia, a publicly listed bank, partnered with Cloudera in its journey to becoming a digital-first bank, aiming to elevate customer banking experiences. Through this collaboration, OCBC Indonesia plans to harness Cloudera's hybrid platform, emphasizing generative AI solutions alongside data management, analytics, and AI capabilities.

ASEAN Cybersecurity Industry Overview

The ASEAN cybersecurity market is fragmented and has some major players who have adopted various growth strategies, such as mergers and acquisitions, new product launches, expansions, joint ventures, partnerships, and others, to strengthen their position in this market. The major players in the market are IBM Corporation, Cisco Systems Inc, Fujitsu Thailand Co. Ltd, Red Sky Digital Ventures Ltd, Info Security Consultant Co. Ltd, among others.

In the competitive landscape of cybersecurity, global and regional players jostle for prominence. Despite the market's steep entry barriers, a wave of new entrants has successfully carved out their niche.

Characterized by moderate to high product differentiation and intense competition, the market sees solutions often bundled, blurring the lines between product and service.

To manage costs, many users are leaning towards annual contracts. Recently, there's been a noticeable shift towards services that promise quicker security updates, driving a surge in demand for cloud-based solutions that offer real-time updates. This trend is particularly favored in the service-oriented sector.

Innovation stands as a key pillar for sustainable competitive advantage. Emerging domains like Big Data and IoT are redefining security paradigms. As software firms eye the market's lucrative potential, a notable uptick in the firm concentration ratio is anticipated during the forecast period.

ASEAN Cybersecurity Market Leaders

  1. IBM Corporation

  2. Cisco Systems, Inc.

  3. Fujitsu Thailand Co., Ltd.

  4. Red Sky Digital Ventures Ltd.

  5. Info Security Consultants Co., Ltd. (INFOSEC)

  6. *Disclaimer: Major Players sorted in no particular order
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ASEAN Cybersecurity Market News

  • March 2025: Mphasis, an IT solutions provider specializing in cloud and cognitive services, announced a strategic partnership with SecPod, a SaaS-based cybersecurity products and technology company. Through this collaboration, Mphasis will offer vulnerability management services to its clients using SecPod’s SanerNow CVEM platform. This partnership seeks to address challenges such as delayed risk identification, an increasing backlog of remediation tasks, and inefficiencies by siloed products in vulnerability management.
  • June 2024: Cisco unveiled its Country Digital Acceleration (CDA) program in Vietnam during the Cisco CXO Symposium in Da Nang. This initiative dovetails with Vietnam’s National Digital Transformation Program, eyeing completion by 2025 and an extension to 2030. The program champions economic growth, innovation, and cybersecurity, bolstered by enhanced communication and information infrastructure.

ASEAN Cyber Security Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Value Chain Analysis
  • 4.3 Industry Attractiveness - Porters Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Buyers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitutes
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Impact of Key Macro Economic Factors on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increasing Demand for Digitalization and Scalable IT Infrastructure
    • 5.1.2 Need to Tackle Risks from Various Trends such as Third-party Vendor Risks, the Evolution of MSSPs, and Adoption of Cloud-first Strategy
  • 5.2 Market Restraints
    • 5.2.1 Lack of Cybersecurity Professionals
    • 5.2.2 High Reliance on Traditional Authentication Methods and Low Preparedness
  • 5.3 Trends Analysis
    • 5.3.1 Organizations in Thailand increasingly leveraging AI to enhance their cyber security strategy
    • 5.3.2 Exponential Growth to be Witnessed in Cloud Security Owing to Shift Toward Cloud-based Delivery Model

6. MARKET SEGMENTATION

  • 6.1 By Offering
    • 6.1.1 Solutions
    • 6.1.1.1 Application Security
    • 6.1.1.2 Cloud Security
    • 6.1.1.3 Data Security
    • 6.1.1.4 Identity and Access Management
    • 6.1.1.5 Infrastructure Protection
    • 6.1.1.6 Integrated Risk Management
    • 6.1.1.7 Network Security Equipment
    • 6.1.1.8 End-point Security
    • 6.1.1.9 Other Solutions
    • 6.1.2 Services
    • 6.1.2.1 Professional Services
    • 6.1.2.2 Managed Services
  • 6.2 By Deployment Mode
    • 6.2.1 Cloud
    • 6.2.2 On-premise
  • 6.3 By Organization Size
    • 6.3.1 SMEs
    • 6.3.2 Large Enterprises
  • 6.4 By End User
    • 6.4.1 BFSI
    • 6.4.2 Healthcare
    • 6.4.3 IT and Telecom
    • 6.4.4 Industrial & Defense
    • 6.4.5 Retail
    • 6.4.6 Energy and Utilities
    • 6.4.7 Manufacturing
    • 6.4.8 Others

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 IBM Corporation
    • 7.1.2 Cisco Systems, Inc.
    • 7.1.3 Fujitsu Thailand Co., Ltd.
    • 7.1.4 Red Sky Digital Ventures Ltd.
    • 7.1.5 Info Security Consultants Co., Ltd. (INFOSEC)
    • 7.1.6 Dell Technologies, Inc.
    • 7.1.7 Fortinet, Inc.
    • 7.1.8 Vigilant Asia (M) Sdn Bhd
    • 7.1.9 Intel Corporation
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

**Subject to Availability
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ASEAN Cybersecurity Industry Segmentation

The market is defined by the revenue accrued from the sale of cybersecurity solutions offered by players operating in the market across the ASEAN region.

The ASEAN cybersecurity market is segmented by offerings (solutions [application security, cloud security, data security, identity access management, infrastructure protection, integrated risk management, network security, end-point security, and other solutions] and services [professional services and managed services]), by deployment mode (On-premise, and cloud), by organization size (SMEs, large enterprises), by end-user (BFSI, healthcare, IT and telecom, industrial and defense, retail, energy and utilities, manufacturing, and other end-user industries). The market sizes and forecasts are provided in terms of value in (USD) for all the above segments.

By Offering Solutions Application Security
Cloud Security
Data Security
Identity and Access Management
Infrastructure Protection
Integrated Risk Management
Network Security Equipment
End-point Security
Other Solutions
Services Professional Services
Managed Services
By Deployment Mode Cloud
On-premise
By Organization Size SMEs
Large Enterprises
By End User BFSI
Healthcare
IT and Telecom
Industrial & Defense
Retail
Energy and Utilities
Manufacturing
Others
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ASEAN Cyber Security Market Research Faqs

How big is the ASEAN Cyber Security Market?

The ASEAN Cyber Security Market size is expected to reach USD 5.51 billion in 2025 and grow at a CAGR of 17.24% to reach USD 12.20 billion by 2030.

What is the current ASEAN Cyber Security Market size?

In 2025, the ASEAN Cyber Security Market size is expected to reach USD 5.51 billion.

Who are the key players in ASEAN Cyber Security Market?

IBM Corporation, Cisco Systems, Inc., Fujitsu Thailand Co., Ltd., Red Sky Digital Ventures Ltd. and Info Security Consultants Co., Ltd. (INFOSEC) are the major companies operating in the ASEAN Cyber Security Market.

What years does this ASEAN Cyber Security Market cover, and what was the market size in 2024?

In 2024, the ASEAN Cyber Security Market size was estimated at USD 4.56 billion. The report covers the ASEAN Cyber Security Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the ASEAN Cyber Security Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

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ASEAN Cybersecurity Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)