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Increasing Focus on Consolidation and Integration to Better Manage Multi-vendor Security Environment
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The Asia-Pacific network security market grew healthily at a YoY growth of 17.5% in Q3 2018. The YoY growth of this quarter was much stronger as compared to the previous second quarter, which grew at 11.8% YoY. Businesses in the region are increasingly focused on the value of consolidation and integration provided by the security vendors to effectively manage security across multiple vendors. The growing complexity of managing complex network environment with more entryways and points of interaction has prompted enterprises to improve their security posture, resulting in strong growth momentum in terms of overall cyber security spending in the region.In Q3 2018, healthcare and education sectors were two of the fastest growing verticals with a YoY growth of 22.3% and 21.5%, respectively. The market was still dominated by service provider, government, and BFSI sectors, with a combined share of more than 60%. The small and medium-sized business segment grew at a YoY growth of 22.9% and recorded a much stronger growth as compared to Q2 2018.Research Scope:This tracker provides an analysis of the total network security market in the Asia-Pacific region for Q3 2018 (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 sector; 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 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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