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A Growing Remote Workforce Strengthens the Future Growth Potential of Secure Remote Connections
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The APAC network security market saw a growth of 6.3% in Q2 2020. Though most of the regions have begun recovering from the impact of the COVID-19 crisis, some ASEAN countries and India continue to see declining YoY growth in this quarter due to country-wide lockdowns. Enterprises are growing more cautious with their security budget, with budgets allocated to network security being held back or reduced. ANZ, Japan, and South Korea have seen relatively stronger recovery from the impact of the pandemic and achieved healthy double-digit YoY growth rates in Q2 2020.With a flexible working arrangement becoming the new normal, SSL VPN solutions experienced a tremendous YoY growth of 46.4% in this quarter due to the strong demand from enterprises that set up secure remote connections and access for their employees.This tracker provides an analysis of the APAC network security market for the Q2 2020 (April to June) time period. Market trends such as vendor performance, vertical market splits, and enterprise-size splits are analyzed in this study. The countries covered in this study are Australia, New Zealand, Singapore, Malaysia, Indonesia, the Philippines, Thailand, Vietnam, China, Hong Kong, Taiwan, India, Japan, South Korea, and Rest of ASEAN (Brunei, Cambodia, Laos, and Myanmar).This study is segmented to three focus areas: firewall, secure sockets layer virtual private networking (SSL VPN), and intrusion detection system (IDS) and intrusion prevention system (IPS). Vertical segmentation covers 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 and small and medium-sized businesses with less than 500 employees.Companies covered in this tracker include AhnLab, Array Networks, Check Point Software Technologies, Cisco Systems, F5 Networks, Forcepoint, Fortinet, Gajshield, H3C Technologies, Hillstone Networks, Huawei, Juniper Networks, McAfee, Neusoft, NexG, NSFOCUS, Palo Alto Networks, Pulse Secure, QI-ANXIN GROUP, Sangfor, SECUI, SonicWall , Sophos, TopSec, Trend Micro, Venustech, WatchGuard Technologies, and WINS.Author: Vivien Pua
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