Asia-Pacific (APAC) Managed and Professional Security Services

Asia-Pacific (APAC) Managed and Professional Security Services

Rising Cyberattacks and the Shortage of Qualified Cybersecurity Professionals Drive MSS and PSS Demand

RELEASE DATE
22-Dec-2023
REGION
Asia Pacific
Deliverable Type
Market Research
Research Code: PF87-01-00-00-00
SKU: AE_2023_480
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$4,950.00
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Description

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.

Table of Contents

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

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.
More Information
Deliverable Type Market Research
Author Daphne Dwiputriane
Industries Aerospace, Defence and Security
No Index No
Is Prebook No
Keyword 1 Security Services Market Trends
Keyword 2 Managed Security Service Providers (MSSPs)
Keyword 3 Professional Security Solutions
Podcast No
Predecessor PD5B-01-00-00-0
WIP Number PF87-01-00-00-00