ASIA-PACIFIC (APAC)
The APAC region is home to some of the world’s most powerful economies and cities that are on the verge of being the planet’s smartest. APAC comprises emerging economic regions, such as China, India, Australia, Hong Kong, and Japan. These countries have a large number of SMEs, which employ more than 70% of their population. These SMEs can provide growth opportunities for vendors operating in the ICS security market across the manufacturing, transportation, and energy industries. The Singapore government, along with industry partners, plans to invest around USD 158 million in cybersecurity over the next five years. The need for huge investments for the successful deployment of a ICS security project has been restricting SMEs from adopting strong security practices, although factors such as continued growth in the mobile workforce, increasing complexity of businesses, unregulated nature of the internet, and growth in the adoption of BYOD are expected to encourage SMEs to adopt various ICS security solutions.In the future, most of the big security vendors are expected to widen their partner networks across the region and continue receiving business from countries within APAC, as it is a largely untapped market. The major security vendors operating in this region include Trend Micro, AGS Group, Odyssey Technologies, NEC, and Northrop Grumman.