Product Code: ETC6186077 | Publication Date: Sep 2024 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The network security and cyber risk management market in Australia is thriving as enterprises seek holistic solutions that not only protect against cyber threats but also manage regulatory risks. The integration of cyber insurance, risk analytics, and incident response planning into network security frameworks is becoming a strategic focus across industries.
Cyber risk management is becoming a central concern in Australias digital economy. Enterprises are adopting integrated network security and cyber risk frameworks that combine compliance, incident response, and continuous risk assessment. This market is being driven by the increasing cost of cyber incidents and evolving threat vectors, leading to more investments in security automation, threat intelligence platforms, and cyber insurance.
In Australia, the network security and cyber risk management market faces the dual challenge of addressing sophisticated cyber threats while managing the ever-growing complexity of regulatory requirements. With the increasing digitization of business operations and data, organizations are required to safeguard sensitive information from a wider range of vulnerabilities. Companies must also comply with multiple regulations, such as the Australian Privacy Principles (APPs) and global standards like GDPR. The rapidly evolving threat landscape means that cybersecurity solutions must be agile, adaptive, and capable of managing both technological and human factors that contribute to cyber risk.
This niche segment is ripe for investment as organizations increasingly look to quantify, assess, and manage cyber risks proactively. Opportunities exist for innovative platforms offering integrated governance, risk, and compliance (GRC) services, as well as insurance-based risk assessment tools. The demand is especially high among mid-sized enterprises and regulated industries, such as finance and healthcare.
The Government of Australia addresses cyber risks through frameworks such as the Cybersecurity Strategy 2020 and the Australian Signals Directorate (ASD) Essential Eight, a set of cybersecurity practices. These guidelines help organizations manage and mitigate risks related to cyber threats. The Network Security and Cyber Risk Management Market is influenced by policies that enforce compliance with industry-specific standards, like the Australian Privacy Principles (APPs) for data protection and the Cybersecurity Act, which regulates information security practices for critical infrastructure providers.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Network Security And Cyber Risk Management Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Network Security And Cyber Risk Management Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Network Security And Cyber Risk Management Market - Industry Life Cycle |
3.4 Australia Network Security And Cyber Risk Management Market - Porter's Five Forces |
3.5 Australia Network Security And Cyber Risk Management Market Revenues & Volume Share, By Segment, 2021 & 2031F |
3.6 Australia Network Security And Cyber Risk Management Market Revenues & Volume Share, By Solution, 2021 & 2031F |
3.7 Australia Network Security And Cyber Risk Management Market Revenues & Volume Share, By Service, 2021 & 2031F |
3.8 Australia Network Security And Cyber Risk Management Market Revenues & Volume Share, By End-user Vertical, 2021 & 2031F |
4 Australia Network Security And Cyber Risk Management Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing frequency and sophistication of cyber threats in Australia |
4.2.2 Stringent government regulations and compliance requirements for data protection |
4.2.3 Growing adoption of cloud computing and IoT devices leading to higher vulnerability |
4.3 Market Restraints |
4.3.1 Lack of skilled cybersecurity professionals in Australia |
4.3.2 High costs associated with implementing advanced network security solutions |
4.3.3 Perceived complexity and lack of awareness among small to medium-sized enterprises |
5 Australia Network Security And Cyber Risk Management Market Trends |
6 Australia Network Security And Cyber Risk Management Market, By Types |
6.1 Australia Network Security And Cyber Risk Management Market, By Segment |
6.1.1 Overview and Analysis |
6.1.2 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By Segment, 2021- 2031F |
6.1.3 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By Security Information and Event Management (SIEM), 2021- 2031F |
6.1.4 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By Security Web Gateway (SWG), 2021- 2031F |
6.1.5 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By Identity Governance and Administration (IGA), 2021- 2031F |
6.1.6 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By Enterprise Content-Aware Data Loss Prevention (DLP), 2021- 2031F |
6.2 Australia Network Security And Cyber Risk Management Market, By Solution |
6.2.1 Overview and Analysis |
6.2.2 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By Encryption, 2021- 2031F |
6.2.3 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By Identity and Access Management (IAM), 2021- 2031F |
6.2.4 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By Data Loss Protection (DLP), 2021- 2031F |
6.2.5 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By Intrusion Detection System/Intrusion Prevention System (IDS/IPS), 2021- 2031F |
6.2.6 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By Other Solutions, 2021- 2031F |
6.3 Australia Network Security And Cyber Risk Management Market, By Service |
6.3.1 Overview and Analysis |
6.3.2 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By Network Security, 2021- 2031F |
6.3.3 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By Endpoint Security, 2021- 2031F |
6.3.4 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By Wireless Security, 2021- 2031F |
6.3.5 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By Cloud Security, 2021- 2031F |
6.3.6 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By Other Services, 2021- 2031F |
6.4 Australia Network Security And Cyber Risk Management Market, By End-user Vertical |
6.4.1 Overview and Analysis |
6.4.2 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By Aerospace and Defense, 2021- 2031F |
6.4.3 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By Retail, 2021- 2031F |
6.4.4 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By Government, 2021- 2031F |
6.4.5 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By Healthcare, 2021- 2031F |
6.4.6 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By IT & Telecom, 2021- 2031F |
6.4.7 Australia Network Security And Cyber Risk Management Market Revenues & Volume, By BFSI, 2021- 2031F |
7 Australia Network Security And Cyber Risk Management Market Import-Export Trade Statistics |
7.1 Australia Network Security And Cyber Risk Management Market Export to Major Countries |
7.2 Australia Network Security And Cyber Risk Management Market Imports from Major Countries |
8 Australia Network Security And Cyber Risk Management Market Key Performance Indicators |
8.1 Percentage increase in cybersecurity spending by Australian organizations |
8.2 Number of reported cyber incidents and breaches in Australia |
8.3 Adoption rate of advanced encryption technologies in Australian businesses |
9 Australia Network Security And Cyber Risk Management Market - Opportunity Assessment |
9.1 Australia Network Security And Cyber Risk Management Market Opportunity Assessment, By Segment, 2021 & 2031F |
9.2 Australia Network Security And Cyber Risk Management Market Opportunity Assessment, By Solution, 2021 & 2031F |
9.3 Australia Network Security And Cyber Risk Management Market Opportunity Assessment, By Service, 2021 & 2031F |
9.4 Australia Network Security And Cyber Risk Management Market Opportunity Assessment, By End-user Vertical, 2021 & 2031F |
10 Australia Network Security And Cyber Risk Management Market - Competitive Landscape |
10.1 Australia Network Security And Cyber Risk Management Market Revenue Share, By Companies, 2024 |
10.2 Australia Network Security And Cyber Risk Management Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |