Market Trends of Indonesia Cybersecurity Industry
IT & Telecom Sector to Witness the Growth
- Businesses, government agencies, and organizations across the country are taking a leading role in ICT and telecommunications. As more and more people rely on connected networks, cloud computing, or digital communication, the need for significant cybersecurity measures has become critical. IT and telecom end users form a substantial portion of the Indonesian cybersecurity market as they seek to protect their sensitive data, networks, and communications from evolving cyber threats.
- In the Indonesian cyber security market, the IT and telecommunications sectors show strong growth driven by a number of important factors. First, organizations in this sector are increasingly being forced to increase their cybersecurity measures due to the increase in complexity and frequency of cyberattacks on IT and telecommunications infrastructure.
- In addition, given the increased recognition in the industry of the need for comprehensive cloud security solutions, cloud deployment is expected to increase its presence on the market.
- A distributed denial-of-service attack, also known as a distributed denial-of-service attack, is a cybercrime where an attacker overwhelms the server with Internet traffic in order to prevent users from accessing associated websites and online services. In the first half of 2023, DDoS attacks on wireless telecommunication carriers in Indonesia had the highest average duration, accounting for around 158 minutes per attack.
- Moreover, cybersecurity solutions such as network security equipment, cloud security, and application security play a significant role in allowing organizations to address a wide range of threats and challenges.
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Cloud to Witness the Growth
- By moving their data into the cloud rather than building new storage and maintaining it, businesses have become more aware of how to save money and resources while driving demand for solutions. Cloud-based solutions are expected to increase the adoption of on-demand security services.
- Businesses need to address security issues such as the loss of control over confidential data in view of the growing adoption of cloud services, such as Google Drive, Dropbox, and Microsoft Azure, which are becoming an integral part of their business processes. As a result, cybersecurity solutions are being mixed more and more on demand.
- Various factors, including scalability, flexibility, platform centralization, ease of accessibility, and cost-effectiveness, drive the growing adoption of cloud-based cybersecurity solutions. The county workforce's increasing reliance on remote and mobile capabilities contributes to the demand for cloud-based cybersecurity. Cloud solutions can facilitate secure access and monitoring of systems from any location, supporting the needs of modern, flexible work environments.
- In addition, there are important trends in the adoption of public cloud, multi-cloud orchestration, hybrid strategies, cloud-native security with integrated DevOps practices, increased automation, and, more importantly, cloud-based analytics threat and intelligence. This is expected to lead to major demand in the market during the forecast period.
