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Growing Attacks on Enterprise Networks, Regulatory Pressure and Demand for Next-Generation Network Security are Driving Growth in the APAC Network Security Market
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The APAC network security market saw a 11.4% growth in Q4 2019. The market is being driven mostly by the firewall segment which grew 14.0%. Top-three revenue contributors remain education, government, and BFSI sectors, with a combined contribution of 63.3% of market share. Healthcare, government, and manufacturing were the top growing verticals in Q4 2019, registering strong double-digit YoY growth.The biggest push for enterprises to adopt network security solutions will undoubtedly come from the heightened threat they face from criminal entities and state-sponsored actors. The near ubiquitous use of the Internet amongst organizations to run their respective operations leaves no one safe from network-based attacks. Network security continues to be a core and fundamental part of an enterprise’s security preparation.Research Scope:This tracker provides an analysis of the total network security market in the Asia-Pacific region for Q4 2019 (October to December). 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, South Korea, and rest of ASEAN countries (Brunei, Cambodia, Laos, and Myanmar).This study is segmented to three 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. 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 Software Technologies, Cisco Systems, F5 Networks, Fortinet, H3C Technologies, Hillstone Networks, Huawei, Juniper Networks, McAfee, Neusoft, NSFOCUS, Palo Alto Networks, Pulse Secure, QiAnXin, Sangfor, SonicWall, Sophos, TopSec, Trend Micro, Venustech, WatchGuard Technologies, and other vendors.Author: Vivien Pua
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