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Asia-Pacific (APAC) Managed and Professional Security Services
Rising Cyberattacks and the Shortage of Qualified Cybersecurity Professionals Drive MSS and PSS Demand
22-Dec-2023
Asia Pacific
Market Research
PF87-01-00-00-00
AE_2023_480
Many organizations in APAC have now incorporated emerging technologies such as cloud computing, software-as-a-service applications, and the internet of things into business operations as part of their digital transformation journey. Incorporating these emerging technologies allows organizations to improve overall productivity. However, this has led to a wider threat landscape that organizations must deal with, causing many to face unprecedented cyberattacks and indicating a drawback to this approach.
As cyberattacks continue to increase, many organizations’ in-house security teams are overwhelmed with alerts. It is becoming more difficult for them to manage and monitor their cybersecurity operations independently, requiring external help to reduce their workloads. They must also ensure that their security posture meets the latest regulatory standards. As a result, managed and professional security services (MSS and PSS) have emerged as viable services to help organizations overcome this issue. This is because engaging with managed security service providers offers organizations access to a strong pool of qualified cybersecurity professionals and a wide-ranging cybersecurity service, helping them to monitor, manage, and mitigate security issues.
This Frost & Sullivan research service provides insights into the APAC Managed and Professional Security Services market by vertical, horizontal, and region for Australia & New Zealand (ANZ), ASEAN, the Greater China Region, India, Japan, and South Korea. The report analyzes the factors driving and restraining MSS and PSS adoption, performs a forecast analysis, examines pricing trends, analyzes the competitive landscape, and identifies growth opportunities emerging from the market’s dynamics for stakeholders and players to leverage. The base year is 2022, and the forecast period is 2023 to 2027.
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Managed Security Service (MSS) and Professional Security Service (PSS) Industries in APAC
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Market Segmentation by Service Type
Market Overview—Service Lines within MSS and PSS
Market Overview—Service Lines within MSS and PSS (continued)
MSS and PSS Types
Customer Segmentation
Geographic Coverage
Market Segmentation by Region
Key Competitors
Key Competitors (continued)
Growth Metrics
Growth Drivers
Growth Driver Analysis
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Driver Analysis (continued)
Growth Restraints
Growth Restraint Analysis
Growth Restraint Analysis (continued)
Forecast Assumptions
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast Analysis (continued)
Revenue Forecast by Segment
Revenue Forecast by Region
Revenue Forecast Analysis by Region
Revenue Forecast Analysis by Region (continued)
Pricing Trends and Forecast Analysis
Revenue Share by Vertical
Revenue Share by Horizontal
Revenue Share by Top MSSP
Revenue Share by Top MSSP—ANZ and ASEAN
Revenue Share by Top MSSP—GCR and India
Revenue Share by Top MSSP—Japan and South Korea
Competitive Environment
MSS and PSS Offerings’ Availability and Completeness
Geographic Coverage of MSS and PSS Offerings
Country/Region Legend for SOCs
DBAPPSecurity
IBM
NRI SecureTechnologies
NSFOCUS
NTT
Singtel
Tata Communications
Telstra
Topsec
Verizon Business
Growth Opportunity 1—The Growing Demand for a Centralized Security Operations Platform
Growth Opportunity 1—The Growing Demand for a Centralized Security Operations Platform (continued)
Growth Opportunity 2—Delivering Advanced Cybersecurity Services, such as IT/OT Security, XDR, and SSE/SASE
Growth Opportunity 2—Delivering Advanced Cybersecurity Services, such as IT/OT Security, XDR, and SSE/SASE (continued)
Growth Opportunity 3—Managing Security Operations in the Cloud
Growth Opportunity 3—Managing Security Operations in the Cloud (continued)
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
List of Figures
- MSS and PSS: Growth Metrics, APAC, 2022
- MSS and PSS: Growth Drivers, APAC, 2023–2027
- MSS and PSS: Growth Restraints, APAC, 2023–2027
- MSS and PSS: Revenue Forecast, APAC, 2021–2027
- MSS and PSS: Revenue Forecast by Segment, APAC, 2021–2027
- MSS and PSS: Revenue Forecast by Region, APAC, 2021–2027
- MSS and PSS: Revenue Share by Vertical, APAC, 2022
- MSS and PSS: Revenue Share by Horizontal, APAC, 2022
- MSS and PSS: Revenue Share by Top MSSP, APAC, 2022
- MSS and PSS: Revenue Share by Top MSSP, ANZ, 2022
- MSS and PSS: Revenue Share by Top MSSP, ASEAN, 2022
- MSS and PSS: Revenue Share by Top MSSP, GCR, 2022
- MSS and PSS: Revenue Share by Top MSSP, India, 2022
- MSS and PSS: Revenue Share by Top MSSP, Japan, 2022
- MSS and PSS: Revenue Share by Top MSSP, South Korea, 2022
- MSS and PSS: Offerings’ Availability and Completeness, APAC, 2022
- MSS and PSS: Geographic Coverage of Offerings, APAC, 2022
- MSS and PSS: MSSP Analysis—DBAPPSecurity, APAC, 2022
- MSS and PSS: MSSP Analysis—IBM, APAC, 2022
- MSS and PSS: MSSP Analysis—NRI Secure, APAC, 2022
- MSS and PSS: MSSP Analysis—NSFOCUS, APAC, 2022
- MSS and PSS: MSSP Analysis—NTT, APAC, 2022
- MSS and PSS: MSSP Analysis—Singtel, APAC, 2022
- MSS and PSS: MSSP Analysis—Tata Communications, APAC, 2022
- MSS and PSS: MSSP Analysis—Telstra, APAC, 2022
- MSS and PSS: MSSP Analysis—Topsec, APAC, 2022
- MSS and PSS: MSSP Analysis—Verizon, APAC, 2022
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