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The Increasing Adoption of Cloud-based SCM Services is Hindering the On-premise SCM Market Growth
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The significant increase in the number of phishing and targeted phishing emails as well as malicious contents among ASEAN organizations was a key driving force for the adoption of legacy SCM solutions, particularly web security in 2018. Critical infrastructure and sectors have faced an increase in such attacks. Despite SMBs shifting towards cloud-based email and web security services, the demand for on-premise web and email security solutions will continue in large enterprises in critical and regulated sectors due to the need for high performance and requirements for data privacy. The SCM market in ASEAN is expected to see a bounce-back in the coming years as countries are putting more efforts in protecting users’ data privacy and security due to the introduction of cyber security laws.ASEAN was and will continue to be the common target of either financially or politically motivated cyber-attacks due to its complicated political and economic landscape and position. It is expected to see the increase in the number of high-profile cyber-attacks in the coming years. This will require governments and organizations in the region to pay greater attention to cyber security protection against these types of cyber-attacks.In addition to market growth analysis, the study highlights the key driving forces of the secure content management market. Key drivers include email and web channels remaining as the most popular and effective methods used to launch attacks, driving the need for email and web gateways; Strong requirements for security and privacy encourage organizations to spend on on-premise email and web security solutions; Increasing awareness of the need to manage internet traffic and to improve employee productivity is expected to prompt enterprises to deploy web security solutions at a wider scale.Market trends are analyzed for the study period 2019 to 2023, with the base year being 2018. Secure content management solution is the key focus area in this study which covers email security and web security. The vertical segmentation in this study includes the government, banking, financial services and Insurance (BFSI), service provider, manufacturing, education, and other sectors including pharmaceuticals, retail, logistics, oil and gas, energy, mining, agriculture, IT/ITES, e-Gaming, e-Commerce, and BPOs.Companies mentioned in the ASEAN SCM market competitive landscape include Symantec, Cisco (Ironport), Forcepoint, Trend Micro, Fortinet, Axway (Tumbleweed), Sangfor, SonicWall, McAfee, Sophos and other vendors. The countries included in this study are Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.Key Questions This Study Will Answer • Is the SCM market growing, how long will it continue to grow, and at what rate?• What are the key trends of the SCM market in 2018 and moving forward?• What are the key drivers and restraints of the market? • Which countries performed best in 2018?• What is the competitive landscape across ASEAN region?• What is the market growth forecast from 2018- 2023?
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