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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 Greater China SCM solution market was the second largest market and the fastest growing market in 2018. While the web security segment experienced a stronger growth driven by the growing concerns among enterprises to monitor the incoming threats posed by their employees while surfing the internet, the email security segment still remains a highly targeted attack vector due to the increasing complexity of the threat landscape. It is expected that government regulatory enforcement and innovation on key verticals will drive the growth of Greater China SCM market in the next 5 years. With the regulation push from the Chinese government by introducing Regulation on the Internet Security Supervision and Inspection by Public Security Organs, it is expected to drive security investment in the coming years. Similarly, the Taiwan government also introduced cyber security management regulation in 2018 to enhance the resilience of cyber security. Furthermore, the rapid progress of digitalization among key industries has contributed to the stronger reliance on information systems and is also expected to continue driving security investment to secure network information systems against vulnerabilities.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 Greater China SCM market competitive landscape include Sangfor, Symantec, QiAnXin, H3C, Trend Micro, Forcepoint, Softnext, Cisco (Ironport), Cellopoint and other vendors. The countries included in this study are Taiwan, Hong Kong and China.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 Greater China region?• What is the market growth forecast from 2018- 2023?
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