Asia-Pacific Network Security Market Q3 2017 Tracker

Massive Outbreak of Ransomware Attacks Drives Demand for Security Solutions

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The Asia-Pacific network security market recorded a YoY growth of 12.7% in Q3 2017. The growth was relatively slower compared to the previous quarter which grew at 15.3% YoY. Massive outbreak of ransomware attacks has sparked the need for enterprises to improve their cyber resilience, thus urging enterprises to continue investing in securing their infrastructure. In Q3 2017, the BFSI, Government and service provider verticals were the top 3 fastest growing verticals in the market, mainly driven by the regulatory and security compliance needs to protect sensitive data. The small-and-medium business segment recorded for a stronger YoY growth at 14.0% while the large business segment grew by 12.1% on a YoY basis.

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