Greater China Region (GCR) Managed Security Services Market, Forecast to 2021

Greater China Region (GCR) Managed Security Services Market, Forecast to 2021

Pressure to Reduce Operational Costs Driving MSS Adoption

RELEASE DATE
14-Feb-2018
REGION
Asia Pacific
Research Code: 4K41-01-00-00-00
SKU: IT03585-AP-MR_21461
$4,950.00
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$4,950.00
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Description

The GCR MSS market grew 16.2% on a year-on-year (YoY) basis in 2016. The market was driven by the rising demand in MSS adoption in the region, as more enterprises were looking for third-party experts to manage their security postures against the evolving threat landscape. Stringent regulations by local authorities continued to spur the spending sentiments across the region. Enterprises were keen to engage with MSSPs, as they needed to meet the requirements of local log storage and incident response processes to stay compliant with the regulations. Given the ever-growing sophistication and complexity of cyber threats, enterprises are facing difficulty in managing their security functions with the right security tools. MSSPs with the capability to deliver security solutions that best fit an organization’s business model, as well as network infrastructure, are being viewed as trusted third-party experts to maintain their cyber resilience.

In addition to market growth analysis, the study highlights the driving forces of the managed security services (MSS) market. The shortage of cyber security professionals with strong expertise was the top factor driving enterprises to engage with MSSPs to help them cope with new security challenges. The evolution of advanced threats continued to cause greater operational pressure on companies, driving them to look at MSSPs to reduce the pressure and better security threat management. The introduction and amendment of cyber security laws and regulations are urging companies to focus more on regulatory compliance. The shift from CapEx to OpEx continued to take place across the APAC region, prompting companies to outsource parts of their security practices to focus more on the revenue-generating operations.

Market trends have been analyzed for the period 2015 to 2021, with 2016 as the base year. Hosted security services (HSS) and customer-premises equipment (CPE)-based management and monitoring services are the key service segments in this study. Vertical segmentation includes the government, banking, financial services, and insurance (BFSI), service provider, manufacturing, education, and other sectors including pharmaceuticals, retail, logistics, oil and gas, energy, mining, agriculture, Information Technology (IT)/IT-enabled services (ITeS), eGaming, eCommerce, and business process outsourcing (BPO).

Companies mentioned in the GCR MSS vendor analysis include NTT, IBM Security, Singtel Cyber Security, Verizon, Symantec, Orange Business Services, Quann, Tata Communications, CITIC Telecom CPC, and Venustech. The countries included in this study are Taiwan, Hong Kong, and China.

Key Issues Addressed

  • Is the MSS market growing? How long will it continue to grow, and at what rate?
  • Are the existing competitors structured well to meet customer needs?
  • What were the key services that were adopted the most by customers in the region in 2016?
  • How was the competitive landscape in GCR?
  • Will MSSPs be replaced by the new trends, such as in-sourcing and cloud-based security services?
  • How will the market be shaped in the next 5 years?

Table of Contents

Market Definitions

Market Definitions (continued)

Market Definitions (continued)

Key Questions this Study will Answer

Market Segmentation

Geographical Coverage

GCR—Key Findings

GCR—Market Engineering Measurements

GCR—Market Engineering Measurements (continued)

GCR—Revenue Forecast

GCR—Percent Revenue Forecast by Segment

GCR—Revenue Forecast by Segment

GCR—Revenue Forecast Discussion by Segment

GCR—Percent Revenue Forecast by Country

GCR—Revenue Forecast Discussion by Country

GCR—Revenue Forecast Discussion by Country (continued)

Competitive Analysis

Competitive Environment

Growth Opportunity 1—Growing Need for User Entity and Behavior Analytics (UEBA) Services

Growth Opportunity 2—Data Product-as-a-Service: The Rise of Threat Intelligence Services

Growth Opportunity 3—Moving Toward a Predictive Model for MSS

Growth Opportunity 4—Securing the OT Environment Beyond IT

Growth Opportunity 5—Advisory-led MSS to Align Cyber Security with Business Requirements

5 Major Growth Opportunities

Strategic Imperatives for Success and Growth

Availability and Completeness of MSS Offerings

Country/Region Legend for SOCs

NTT—Overview

IBM Security—Overview

Singtel Cyber Security (Powered by Trustwave)—Overview

Verizon—Overview

Symantec—Overview

Orange Business Services—Overview

Quann—Overview

Tata Communications—Overview

CITIC Telecom CPC—Overview

Venustech—Overview

List of Security Services and Vendor Partnerships

List of MSSP Pricing Models in APAC

The Last Word—Predictions

Legal Disclaimer

List of Exhibits

Market Engineering Methodology

Related Research
The GCR MSS market grew 16.2% on a year-on-year (YoY) basis in 2016. The market was driven by the rising demand in MSS adoption in the region, as more enterprises were looking for third-party experts to manage their security postures against the evolving threat landscape. Stringent regulations by local authorities continued to spur the spending sentiments across the region. Enterprises were keen to engage with MSSPs, as they needed to meet the requirements of local log storage and incident response processes to stay compliant with the regulations. Given the ever-growing sophistication and complexity of cyber threats, enterprises are facing difficulty in managing their security functions with the right security tools. MSSPs with the capability to deliver security solutions that best fit an organization’s business model, as well as network infrastructure, are being viewed as trusted third-party experts to maintain their cyber resilience. In addition to market growth analysis, the study highlights the driving forces of the managed security services (MSS) market. The shortage of cyber security professionals with strong expertise was the top factor driving enterprises to engage with MSSPs to help them cope with new security challenges. The evolution of advanced threats continued to cause greater operational pressure on companies, driving them to look at MSSPs to reduce the pressure and better security threat management. The introduction and amendment of cyber security laws and regulations are urging companies to focus more on regulatory compliance. The shift from CapEx to OpEx continued to take place across the APAC region, prompting companies to outsource parts of their security practices to focus more on the revenue-generating operations. Market trends have been analyzed for the period 2015 to 2021, with 2016 as the base year. Hosted security services (HSS) and customer-premises equipment (CPE)-based management and monitoring services are the key service segments in
More Information
No Index No
Podcast No
Author Vu Anh Tien
Industries Information Technology
WIP Number 4K41-01-00-00-00
Is Prebook No
GPS Codes 9532-C1,9702-C1,9705-C1