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Service Provider and Government Sector Remained As the Key Revenue Contributors to Drive the Network Security Market
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The Asia-Pacific network security market witnessed a YoY growth of 14.7% in Q2 2019. This was much stronger than the 11.9% YoY in the previous second quarter. In Q2 2019, the healthcare sector was the fastest-growing vertical; it recorded a YoY growth of 26.7%. However, market size of the healthcare sector remained the smallest revenue contributor in Q2 2019. The top 3 revenue contributors continued to be the service provider, government, and BFSI sectors, with a combined contribution of more than 60.0% of market share. The small and medium-sized business segment grew at a faster pace than the large business segment with a YoY growth of 20.1%. Looking at a country-wise breakdown, China and Japan were leading in terms of revenue contribution while rest of ASEAN and Vietnam were the fastest-growing countries in Q2 2019.Research Scope:This tracker provides an analysis of the total network security market in the Asia-Pacific region for Q2 2019 (April to June) period. Market trends such as vendor performance, vertical market splits, and enterprise-size splits are analyzed in this study. 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.This study is segmented into 3 key focus areas which cover firewall, Secure Sockets Layer Virtual Private Networking (SSL VPN) and Intrusion Detection System (IDS), and Intrusion Prevention System (IPS). Vertical segmentation in this study includes the government, banking, financial services, and insurance (BFSI), service providers, healthcare, manufacturing, education, and other sectors. Customer segmentation includes large enterprises with more than 500 employees as well as small and medium-sized businesses with less than 500 employees.Companies mentioned in this tracker include 360 ESG, Check Point Software Technologies, Cisco Systems, F5 Networks, Fortinet, H3C Technologies, Hillstone Networks, Huawei, Juniper Networks, McAfee, Neusoft, NSFOCUS, Palo Alto Networks, Pulse Secure, Sangfor, SonicWall , Sophos, TopSec, Trend Micro, Venustech, WatchGuard Technologies, and other vendors.
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