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Increasing Adoption of Cloud-based SCM Services Hinders Uptake of On-premise SCM Services
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The significant increase in the number of phishing and targeted phishing e-mails and malicious content among ASEAN organizations was a key driver for the adoption of legacy SCM solutions, particularly Web security. Critical infrastructure and sectors have seen a sharp rise in the number of such attacks. Despite SMBs making a shift to cloud-based e-mail and Web security services, the demand for on-premise security solutions will continue in large enterprises in critical and regulated sectors due to the need for high performance and data privacy. The SCM market in ASEAN will recover as countries are taking steps to protect the privacy and the security of user data due to the introduction of cybersecurity laws.ASEAN was, and will continue to be, an important target of either financially or politically motivated cyber attacks due to its complicated political and economic landscape. The number of high-profile attacks is expected to rise in future. As a result, governments and organizations must pay greater attention to cybersecurity protection.
The study period is from 2019 to 2023, and the base year is 2018. SCM solutions are the key area of focus and they cover e-mail security and Web security. Vertical segmentation is as follows: government, banking, financial services, and insurance (BFSI), service provider, manufacturing, education, and other sectors (pharmaceuticals, retail, logistics, oil and gas, energy, mining, agriculture, IT/ITES, and BPO). Horizontal segmentation covers large businesses and small and medium businesses.
Important companies in the ASEAN SCM market include Symantec, Cisco (IronPort), Forcepoint, Trend Micro, Fortinet, Axway (Tumbleweed), SANGFOR, SonicWall, McAfee, and Sophos. The countries included in this study are Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam.
The study highlights important market growth drivers and restraints. Key drivers include the constantly evolving risks that drive the need for e-mail and Web security solutions, the stringent security and privacy requirements that push organizations to invest in on-premise security solutions, and the need for productivity management that drives enterprises to invest in these solutions.
Key Issues Addressed
Author: Niihara Tetsuya
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