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Selasa, 03 Desember 2019 21:33:00

Frost & Sullivan: Amid an evolving global risk landscape, Taiwan vendors redefine cybersecurity innovation

Domestic vendors with next-generation skill sets are competing on the global stage

SINGAPORE, - 3 December 2019 - The Industrial Technology Research Institute (ITRI), Taiwan, collaborated with Frost & Sullivan to develop a set of comprehensive case studies to showcase the region's brightest security innovators.

"The cybersecurity industry has a history of developing homegrown solutions in Taiwan. Government initiatives have driven awareness and the development of cybersecurity solutions in recent years. The complex and sophisticated cyber attacks nowadays are fostering specialized, homegrown cybersecurity solutions in Taiwan," said Amy Lin, Industry Analyst, Cybersecurity, Frost & Sullivan.

Taiwan already has fairly wide awareness and reach in the global IT hardware industry, contributing a sizable portion of the global cybersecurity hardware appliance market. Its expertise in the world of integrated device security and competitive advantage in hardware-software integration have given it a unique advantage in the security market amid the global proliferation of connected devices. This background enables vendors in Taiwan to gain proven skills in complex integrations and enhance their product suites by pairing with other best-of-breed hardware and software technologies.

The Taiwan government has established a plan to invest around 400 million USD on cybersecurity from 2017 to 2020, to enhance the cybersecurity capabilities of the government. This investment expansion in local talent and technologies has allowed for a fast-paced, collaborative, and creative mix of both start-ups and incumbents. These vendors have moved out of security comfort zones, driving disruptions in greener pastures ranging from IoT and mobile device solutions to blockchain and artificial intelligence-powered technologies.

Security solutions from key players like Onward Security, Lydsec, ARCRAN,CyCraft, WiSecure Technologies, Billows Technology, BlockChain Security,Ecolux, KeyXentic, and CHT Security have found wide adoption among the government, financial, and manufacturing sectors in Taiwan. While steadily increasing their market shares within home base Taiwan, these vendors have also been extending their flagship products' footprints to global markets in other parts of Southeast Asia and North America. (*).

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