The Asia Pacific Threat Modeling Tools Market would witness market growth of 15.6% CAGR during the forecast period (2022-2028).
Threat modeling may be used to confirm that the present controls are sufficient to offer the degree of control that security experts and organizational leadership require and to discover potential areas of vulnerability in a piece of software or across a system. Organizations must prioritize their limited resources just as with any other business project, which is also true for mitigating cyber threats. Organizations may assess risks and vulnerabilities using threat modeling, ensuring that those that need the greatest attention and resources do so deliberately to reduce their attack surface.
Organizations may analyze buying choices with the use of threat modeling. Threat modeling may assist a team in choosing whether to embrace a new system or technology by quantifying the possible security risks it may pose and allowing the team to make an educated choice. Threat modeling may also assist firms in prioritizing solutions for outdated software and determining if it is more affordable to continue mitigating risks or accept them instead of replacing or updating the program.
India's healthcare industry is well-suited to adopting IoT because of several supportive and enabling elements. With user-friendly interfaces that make it simple for consumers to comprehend what an application can do in their daily lives, IoT is also allowing healthcare technology to be more user-friendly for people. For instance, although these parameters are often checked using a range of smart devices with different capabilities, one app that can monitor blood pressure, body weight, body temperature, blood sugar, etc., would be incredibly user-friendly. This will drive the market growth.
The China market dominated the Asia Pacific Threat Modeling Tools Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $130.3 million by 2028. The Japan market is estimated to grow a CAGR of 14.9% during (2022 - 2028). Additionally, The India market would experience a CAGR of 16.3% during (2022 - 2028).
Based on Vertical, the market is segmented into IT & ITeS, BFSI, Healthcare, Utilities, and Others. Based on Platform, the market is segmented into Web-based, Desktop-based, and Cloud-based. Based on Component, the market is segmented into Solution, and Services. Based on Organization Size, the market is segmented into Large Enterprises, and Small & Medium Enterprises. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Threat Modeling Tools Market is Projected to reach USD 1.8 Billion by 2028, at a CAGR of 14.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., IBM Corporation, Synopsys, Inc., Intel Corporation, Microsoft Corporation, Sparx Systems Pty. Ltd., Securonix, Inc., Varonis Systems, Inc., Coalfire Systems, Inc. (Apax Partners LLP), and Mandiant (Google LLC)
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