Japan Cyber Security Market Gearing Up for Double-Digit GrowthâProjected to Grow at a CAGR of 12.2% by 2027>
Blue Weave – Laltu Sinha
A study, recently conducted by the strategic consulting and market research firm BlueWeave Consulting, revealed that the Japan cyber security market was worth USD 12.1 billion in 2020 and is further projected to reach USD 26.9 billion by 2027 at a CAGR of 12.2 % during the forecast period (2021-2027). The market is growing as a result of more complex cyberattacks in Japan. Cyber frauds and other crimes have increased in number and severity over the last decade, resulting in massive losses for corporations. The Japan cyber security market is moderately fragmented due to the limited players involved in the market. A companyâs ability to develop, expand, and acquire new products keeps it competitive in the market. Additionally, some leading players are increasing their global footprint by purchasing overseas producers. Some key players in the Japan Cyber Security market are Caulis Inc., Trend Micro, Spider Labs, Flatt Security, Cocon, Evixar, Keychain, Bankguard, GMO GlobalSign Cybereason Japan, and Marvelous, Inc.
Link: https://blueweavelaltusinha.wordpress.com/2021/10/29/japan-cyber-security-market-gearing-up-for-double-digit-growth-projected-to-grow-at-a-cagr-of-12-2-by-2027/