Lack of Skilled Professionals and Compliance Pressure Drive MSS Adoption
29-Apr-2020
Asia Pacific
Market Research
4L97-01-00-00-00
IT04078-AP-MR_24208
The Association of Southeast Asian Nations (ASEAN) region has been one of the fastest growing digital economies in Asia-Pacific, driven by various government initiatives supporting digitalization. Rapid increase in the use of the Internet and advances in technology have significantly contributed to the growth of a digital economy in the region. However, the accelerating pace of digital transformation has also exposed the region to increased security risks and vulnerabilities.
To addresses these challenges, the Thai and Vietnamese governments introduced the Cybersecurity Act in 2019. Following the introduction of the European Union (EU) General Data Protection Regulation (GDPR) in 2018, many ASEAN countries have started to review their data security policies. Thailand introduced its Personal Data Protection Act in 2019 (which came into effect in May 2019). Malaysia and the Philippines are rolling out their strategic initiatives to improve cyber resilience. These initiatives significantly drive security investments in the region.
Faced with growing pressure to ensure compliance with stringent regulations, enterprises are increasingly looking to partner with industry experts such as managed security service providers (MSSPs) to better manage their security operations while embarking on a digital transformation journey. Looking ahead, there will be a rising need for enterprises to engage MSSPs under a hybrid model. A combination of both hosted security services and customer-premises equipment (CPE)-based management and monitoring services can help improve security operations, providing businesses with greater flexibility and efficiency.
In addition to providing a market growth analysis, this study highlights the key drivers in the managed security services market. These include: persistent lack of cybersecurity professionals; proliferation of cyberattacks and a growing threat landscape for enterprises and governments; growing risk and security awareness among end users in the APAC region; and government support for cybersecurity development and adoption.
Market trends are analyzed from 2017 to 2023, taking 2018 as the base year. MSS is the key focus area of this study. The vertical segmentation includes 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, eGaming, eCommerce, and BPOs).
Companies mentioned in the total MSS market's competitive landscape include BT, CAT Cyfence, DXC Technology, Ensign, IBM Security, NTT, Orange, Symantec, Tata Communications, TM ONE, Trustwave, and other smaller MSSPs. The countries included in this study are Singapore, Malaysia, Indonesia, Philippines, Thailand, and Vietnam.
Key Issues Addressed
- Is the market growing? If yes, how long will it continue to grow and at what rate?
- Which are the key services adopted by customers in the region?
- How is the competitive landscape in ASEAN?
- Will MSSPs be replaced by new trends such as insourcing and cloud-based security services?
- How will the market evolve in the next 5 years?
Market Definitions
Managed Security Service Types
Market Overview—Definitions
Market Overview—Definitions (continued)
Key Questions this Study will Answer
Market Segmentation
Research Scope
Geographic Coverage
Key Findings
Market Engineering Measurements
Market Engineering Measurements (continued)
Revenue Forecast
Percent Revenue Forecast by Segment
Revenue Forecast by Segment
Revenue Forecast Discussion by Segment
Percent Revenue Forecast by Country
Revenue Forecast Discussion by Country
Revenue Forecast Discussion by Country (continued)
Competitive Analysis
Competitive Environment
Growth Opportunity 1—Continued Trend Toward the Outsourcing of Cybersecurity Operations
Growth Opportunity 2—Enterprises Shifting to the Cloud and MSSPs to Help Protect These Multi-cloud Environments
Growth Opportunity 3—Hybrid MSS Capabilities to Become More Important
Growth Opportunity 4—Larger, Mature Enterprises Looking for More Advanced Security Services
4 Major Growth Opportunities
Strategic Imperatives for Success and Growth
Availability and Completeness of MSS Solutions
Regional Geographic Coverage of Managed Security Service Offerings
Country/Region Legends for Security Operations Centers
IBM Security
NTT
Tata Communications
Trustwave (a Singtel Company)
3 Big Predictions
Legal Disclaimer
Market Engineering Methodology
List of Exhibits
Speak directly with our analytics experts for tailored recommendations.
Recent related Information Technology research
08 Oct 2026 | Global | Customer Research
Growth Opportunities for Communications and Collaboration in the Government Sector
Data from Frost & Sullivan's IT Decision Maker survey shows that government communications are entering a decisive new phase. The research finds that modernization is moving beyond routine technology replacement. Agencies now want communications platforms that improve public services, support employ...
07 Oct 2026 | Global | Market Research
Global Audio-Conferencing Devices Market Forecast to 2032
For years, while cameras drew the attention and budget in meeting rooms, audio was often a second thought. That assumption has expired. Audio now sits at the center of meeting equity and collaboration effectiveness, because even the sharpest image is useless if people cannot be heard and understood ...
06 Oct 2026 | Global | Market Research
Apple Performance Tracker, Q2 2026
This Frost & Sullivan tracker provides metrics on Apple's quarterly performance (for both unit sales and revenues) for iPads, iPhones, Macs, and other products, such as iPods, Apple TVs, Beats Electronics, and Apple-branded and third-party accessories. It includes historical quarterly data for all t...
06 Oct 2026 | Global | Market Research
Growth Opportunities in Agentic Orchestration Platforms, Global, 2026–2031
The global market for agentic orchestration platforms is entering a pivotal phase of transformation as enterprises shift from isolated artificial intelligence (AI) experimentation to production-scale deployment. This study examines how organizations are moving beyond pilot initiatives toward embeddi...
28 Sep 2026 | Global | Frost Radar
Frost Radar™: Communications Platform as a Service, 2026
Communications platform as a service (CPaaS) has become foundational infrastructure for digital business, embedding programmable voice, messaging, and video into the applications where customers and employees engage. Enterprises are rearchitecting their communication workflows around programmable in...
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
Key Issues Addressed
- Is the market growing? If yes, how long will it continue to grow and at what rate?
- Which are the key services adopted by customers in the region?
- How is the competitive landscape in ASEAN?
- Will MSSPs be replaced by new trends such as insourcing and cloud-based security services?
- How will the market evolve in the next 5 years?
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Vivien Pua |
| Industries | Information Technology |
| WIP Number | 4L97-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9702-C1,9705-C1 |
ASEAN Managed Security Services Market, Forecast to 2023
$4,950.00
Special Price $3,712.50 save 25 %