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. Network security market continues to be dominated by large businesses.

Research Scope:
This tracker provides an analysis of the total network security market in the Asia-Pacific region for Q3 2017 (July to September) 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 to three key focus areas which covered firewall, Secure Sockets Layer Virtual Private Networking (SSL VPN), and Intrusion Detection System (IDS) & Intrusion Prevention System (IPS). Vertical segmentation in this study includes the government; banking, financial services, and insurance (BFSI); service provider; healthcare; manufacturing; education; and other sectors. The 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 Check Point, Cisco, Fortinet, Palo Alto Networks, Huawei, IBM Security, Sangfor, H3C Technologies, F5 Networks, Venustech, TopSec, McAfee, Neusoft, 360 ESG, Sophos, Hillstone Networks, Juniper Networks, Trend Micro, NSFOCUS, SonicWall, WatchGuard Technologies and other vendors.

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