The Asia-Pacific Advanced Malware Detection (AMD) solution market is anticipated to grow at an astronomical rate during 2020-25. The market growth is attributed to burgeoning demand for advanced malware detection solution among the end-user industries such as BFSI, manufacturing and pharmaceutical due to growth in complex and sophisticated advanced malware attacks and high occurrences of data breach in the enterprises. Moreover, the rising penetration of internet, increasing technological advancement AMD solution along with growing high-profile ransomware and state-sponsored cyber warfare campaigns is propelling the demand for AMD solution in the forecasted period.
Based on Deployment, cloud-based segment is expected to foresee rapid growth in the forthcoming on account of surging integration of cloud solution in the vertical as it manages the business risk proactively and prevents costly data breaching. However, the outbreak of COVID-19 has increased the demand for cloud solution on account of rising spending by the enterprises towards its adoption which has accelerated the demand for AMD solution in order to enhance enterprise security.
Based on Sector, Banking and Financial Services & Insurance grabbed the majority market share in 2019. This is due to snowballing number of cyberattacks and surging deployment of cloud solution is escalation in the need for generating for an enhanced security system. Due to this, the demand for advanced malware detection solution is increasing in banking, financial services, and insurance segment. Therefore, this is projected to promulgate the growth of advance malware detection solution in the near future.
The key players with a considerable market share in the Asia-Pacific Advanced Malware Detection market include Ahn Lab, Cisco, Trend Micro, Huawei, Checkpoint Software Tech, FireEye, Lastline, Palo Alto Networks, ProofPoint Symantec, etc.
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