Data Diode Security Products Market to Witness Huge Growth by 2027 with Top Key Players are Bae Systems, Belden Incorporated, Deep Secure and Fibersystem
iCrowd Newswire
10 May 2021, 21:09 GMT+10
According to our latest market study on "Data Diode Security ProductsMarket Forecast to 2027 – COVID-19 Impact and Global Analysis – by Type (Non-Ruggedized Data Diode and Ruggedized Data Diode), Application (Government, Oil & Gas, BFSI, and Others)," the market was valued at US$339.0million in 2019 and is projected to reach US$ 430.5 million by 2027; it is expected to grow at a CAGR of 4.6% from 2020 to 2027.
APAC led the data diode security products market in 2019, with a market share of 32.6%, followed by Europe and North America. APAC region is constantly being targeted by cybercriminals, due to the constant growth in digital transformation as well as a rising source of vulnerability from mounting IoT connectivity. The growing cyber threat in the APAC region is majorly due to the lack of transparency, which results in feeble cyber enforcement and regulations. Pertaining to these facts, the demand for data diode security products and solutions is rising in the region. Additionally, APAC comprises prime nations such as China, India, Japan, South Korea, and Australia. The rising adoption of advanced technologies drives the adoption rate of data diode security products. Companies invest in data diode technology to streamline their business operations and protect against cyber-attacks.