Asia-Pacific Managed Security Services Market, Forecast to 2021

Asia-Pacific Managed Security Services Market, Forecast to 2021

Pressure to Reduce Operational Costs Driving MSS Adoption

RELEASE DATE
14-Feb-2018
REGION
Asia Pacific
Research Code: P9E2-01-00-00-00
SKU: IT03592-GL-MR_21473
$15,000.00
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Description

In 2016, the Asia-Pacific (APAC) managed security services (MSS) market maintained a strong growth momentum. New security challenges caused by the evolving threat landscape, such as ransomware, zero-day and targeted attacks, and compromised Internet of Things (IoT) are driving enterprises to invest more in risk management tools to gain cyber resilience. The increasing adoption of emerging technologies to facilitate digital transformation is also adding more security pressure for organizations. Many organizations are migrating applications, network infrastructure, and services into the cloud, which is causing a higher security concern. Majority of the businesses are facing a shortage of security professionals, skills, and expertise to cope with the new types of security challenges, which is driving them to outsource their daily security operations to MSSPs. With the shift from capital expenditure (CapEx) to operational expenditure (OpEx) continuing to take place among businesses, the adoption of MSS is expected to increase in the region. Many of the firms are shifting away from traditional IT management to more of an outsourcing-centric model to focus on revenue-generating business processes.

In addition to market growth analysis, the study highlights the driving forces of the managed security services (MSS) market. The shortage of cyber security professionals with strong expertise was the top factor driving enterprises to engage with MSSPs to help them cope with new security challenges. The evolution of advanced threats continued to cause greater operational pressure on companies, driving them to look at MSSPs to reduce the pressure and better security threat management. The introduction and amendment of cyber security laws and regulations are urging companies to focus more on regulatory compliance. The shift from CapEx to OpEx continued to take place across the APAC region, prompting companies to outsource parts of their security practices to focus more on the revenue-generating operations.

Market trends have been analyzed for the period 2015 to 2021, with 2016 as the base year. Hosted security services (HSS) and customer-premises equipment (CPE)-based management and monitoring services are the key service segments in this study. Vertical segmentation 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, Information Technology (IT)/ IT-enabled services (ITeS), eGaming, eCommerce, and business process outsourcing (BPO).

Companies mentioned in the MSS vendor analysis include NTT, IBM Security, Singtel Cyber Security, Verizon, NRI Secure, Telstra, LAC, SK Infosec, Symantec, Orange Business Services, Quann, BT, Tata Communications, Secureworks, NEC, AhnLab, IGLOO SECURITY, StarHub, CITIC Telecom CPC, Venustech, Tech Mahindra, and VADS. The countries included in this study are Australia, New Zealand, Singapore, Malaysia, Indonesia, the Philippines, Thailand, Vietnam, China, Hong Kong, Taiwan, India, Japan, and South Korea.

Key Issues Addressed

  • Is the MSS market growing? How long will it continue to grow, and at what rate?
  • Are the existing competitors structured well to meet customer needs?
  • What were the key services that were adopted the most by customers in the region in 2016?
  • How was the competitive landscape in Asia-Pacific?
  • Will MSSPs be replaced by the new trends, such as in-sourcing and cloud-based security services?
  • How will the market be shaped in the next 5 years?

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
Click image to view it in full size

Table of Contents

Key Findings

Key Findings (continued)

Market Engineering Measurements

Market Engineering Measurements (continued)

CEO’s Perspective

Market Definitions

Market Definitions (continued)

Market Definitions (continued)

Key Questions this Study will Answer

Market Segmentation

Geographical Coverage

Percent Revenue Breakdown by Region

Market Drivers

Drivers Explained

Drivers Explained (continued)

Market Restraints

Restraints Explained

Restraints Explained (continued)

Forecast Assumptions

Asia-Pacific—Revenue Forecast

Asia-Pacific—Percent Revenue Forecast by Segment

Asia-Pacific—Revenue Forecast by Segment

Asia-Pacific—Revenue Forecast Discussion

Asia-Pacific—Percent Revenue Forecast by Region

Asia-Pacific—Revenue Forecast Discussion by Region

Asia-Pacific—Revenue Forecast Discussion by Region (continued)

Asia-Pacific—Revenue Forecast Discussion by Region (continued)

Asia-Pacific—Percent Revenue Breakdown by Vertical

Asia-Pacific—Percent Revenue Breakdown by Horizontal

Overall Competitive Analysis

Competitive Environment

Growth Opportunity 1—Growing Need for User Entity and Behavior Analytics (UEBA) Services

Growth Opportunity 2—Data Product-as-a-Service: The Rise of Threat Intelligence Services

Growth Opportunity 3—Moving Toward a Predictive Model for MSS

Growth Opportunity 4—Securing the OT Environment Beyond IT

Growth Opportunity 5—Advisory-led MSS to Align Cyber Security with Business Requirements

5 Major Growth Opportunities

Strategic Imperatives for Success and Growth

ANZ—Key Findings

ANZ—Market Engineering Measurements

ANZ—Market Engineering Measurements (continued)

ANZ—Revenue Forecast

ANZ—Percent Revenue Forecast by Segment

ANZ—Revenue Forecast by Segment

ANZ—Revenue Forecast Discussion by Segment

ANZ—Percent Revenue Forecast by Country

ANZ—Revenue Forecast Discussion by Country

ANZ—Revenue Forecast Discussion by Country (continued)

Competitive Analysis

Competitive Environment

ASEAN—Key Findings

ASEAN—Market Engineering Measurements

ASEAN—Market Engineering Measurements (continued)

ASEAN—Revenue Forecast

ASEAN—Percent Revenue Forecast by Segment

ASEAN—Revenue Forecast by Segment

ASEAN—Revenue Forecast Discussion by Segment

ASEAN—Percent Revenue Forecast by Country

ASEAN—Revenue Forecast Discussion by Region

ASEAN—Revenue Forecast Discussion by Region (continued)

Competitive Analysis

Competitive Environment

GCR—Key Findings

GCR—Market Engineering Measurements

GCR—Market Engineering Measurements (continued)

GCR—Revenue Forecast

GCR—Percent Revenue Forecast by Segment

GCR—Revenue Forecast by Segment

GCR—Revenue Forecast Discussion by Segment

GCR—Percent Revenue Forecast by Country

GCR—Revenue Forecast Discussion by Country

GCR—Revenue Forecast Discussion by Country (continued)

Competitive Analysis

Competitive Environment

India—Key Findings

India—Market Engineering Measurements

India—Market Engineering Measurements (continued)

India—Revenue Forecast

India—Percent Revenue Forecast by Segment

India—Revenue Forecast by Segment

India—Revenue Forecast Discussion by Segment

Competitive Analysis

Competitive Environment

Japan—Key Findings

Japan—Market Engineering Measurements

Japan—Market Engineering Measurements (continued)

Japan—Revenue Forecast

Japan—Percent Revenue Forecast by Segment

Japan—Revenue Forecast by Segment

Japan—Revenue Forecast Discussion by Segment

Competitive Analysis

Competitive Environment

South Korea—Key Findings

South Korea—Market Engineering Measurements

South Korea—Market Engineering Measurements (continued)

South Korea—Revenue Forecast

South Korea—Percent Revenue Forecast by Segment

South Korea—Revenue Forecast by Segment

South Korea—Revenue Forecast Discussion by Segment

Competitive Analysis

Competitive Environment

Availability and Completeness of MSS Offerings

Country/Region Legend for SOCs

NTT—Overview

IBM Security—Overview

Singtel Cyber Security (Powered by Trustwave)—Overview

Verizon—Overview

NRI Secure—Overview

Telstra—Overview

LAC—Overview

SK Infosec—Overview

Symantec—Overview

Orange Business Services—Overview

Quann—Overview

BT—Overview

Tata Communications—Overview

Secureworks—Overview

NEC—Overview

AhnLab—Overview

IGLOO SECURITY—Overview

StarHub—Overview

CITIC Telecom CPC—Overview

Venustech—Overview

Tech Mahindra—Overview

VADS—Overview

List of Security Services and Vendor Partnerships

List of MSSP Pricing Models in APAC

The Last Word—Predictions

Legal Disclaimer

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Market Engineering Methodology

Market Engineering Measurements

Market Engineering Measurements (continued)

Related Research
In 2016, the Asia-Pacific (APAC) managed security services (MSS) market maintained a strong growth momentum. New security challenges caused by the evolving threat landscape, such as ransomware, zero-day and targeted attacks, and compromised Internet of Things (IoT) are driving enterprises to invest more in risk management tools to gain cyber resilience. The increasing adoption of emerging technologies to facilitate digital transformation is also adding more security pressure for organizations. Many organizations are migrating applications, network infrastructure, and services into the cloud, which is causing a higher security concern. Majority of the businesses are facing a shortage of security professionals, skills, and expertise to cope with the new types of security challenges, which is driving them to outsource their daily security operations to MSSPs. With the shift from capital expenditure (CapEx) to operational expenditure (OpEx) continuing to take place among businesses, the adoption of MSS is expected to increase in the region. Many of the firms are shifting away from traditional IT management to more of an outsourcing-centric model to focus on revenue-generating business processes. In addition to market growth analysis, the study highlights the driving forces of the managed security services (MSS) market. The shortage of cyber security professionals with strong expertise was the top factor driving enterprises to engage with MSSPs to help them cope with new security challenges. The evolution of advanced threats continued to cause greater operational pressure on companies, driving them to look at MSSPs to reduce the pressure and better security threat management. The introduction and amendment of cyber security laws and regulations are urging companies to focus more on regulatory compliance. The shift from CapEx to OpEx continued to take place across the APAC region, prompting companies to outsource parts of their security practices to focus more on the rev
More Information
No Index No
Podcast No
Author Vu Anh Tien
Industries Information Technology
WIP Number P9E2-01-00-00-00
Is Prebook No
GPS Codes 9532-C1,9702-C1,9705-C1