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Increasingly Sophisticated Threat Landscape Drives the Uptake of Managed Security Services in APAC
Increasingly Sophisticated Threat Landscape Drives the Uptake of Managed Security Services in APAC
Complex Business Environment and Insufficient Cybersecurity Make the Adoption of MSS a Top Technology Strategy
05-Feb-2021
Asia Pacific
Market Research
Description
Managed security service providers (MSSPs) offer managed security services (MSS) that help manage and monitor the security posture of their customers’ IT infrastructure. By using these services, client organizations are often able to reduce expenditure on either customer premises equipment (CPE) or in-house security specialists, and receive effective security management. The services offered are categorized into 2 segments: hosted security services (HSS) and CPE-based management monitoring services (MMS).
Though revenue generation in the APAC MSS market is likely to be impeded by the global COVID-19 pandemic, it will recover quickly after 2020 at a CAGR of 14.9% (2019–2024); growth will vary with each country in the region.
Though ANZ is a fragmented market with a large number of local security providers competing with international participants in both Australia and New Zealand, it will continue on a steady growth path.
The ASEAN market is expected to maintain its strong growth over the next 5 years. The lack of budget allocated to cybersecurity, specifically to strengthen detection and response capabilities, is one of the reasons why businesses engage MSSPs.
The Indian MSS market is set to experience a robust, double-digit CAGR from 2019 to 2024, indicating that the market will continue seeing strong growth in the next 5 years.
Greater China region recorded strong YoY growth in 2019. Regulatory pressure and the evolving threat landscape will be top driving factors, especially in highly regulated sectors.
The Japanese MSS market is the largest in the APAC region; it is expected to grow at a healthy CAGR of 9.6% from 2019 to 2024.
Growth of the South Korean market was relatively flat when compared to other countries in APAC. Owing to the government’s smart factory supply expansion project, the manufacturing vertical will continue to be a key revenue contributor and help the market grow at a CAGR of 12.1%.
Companies mentioned in the market's competitive landscape include ACSI, AIMS, AT&T, Accenture, AhnLab, BT, Bkav, CAT Cyfence, CHT Security, CITIC Telecom CPC, CMC Infosec, DXC Technology, E-CQURITY, Ensign, HCL Comnet, HeiTech Padu, IBM Security, IIJ, ISSDU, KDDI, LAC, Lumen Technologies, MBSD, Microland, NEC, NSFOCUS, NTT, Network Box, Orange, PCCW, SKInfosec, ST Electronics, Samsung SDS, Secureworks, SysArmy, TM ONE, TOPSEC, Tata Communications, TechMahindra, Telkomtelstra, Telstra, Trustwave, Unisys, VCS, Venustech, Verizon, Wipro, and i-secure.
Author: Anh Tien Vu
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on Managed Security Service Market
Growth Opportunities Fuel the Growth Pipeline Engine™
Managed Security Services Market Scope of Analysis
Market Segmentation
Market Segmentation (continued)
Market Segmentation (continued)
Market Segmentation (continued)
Key Growth Metrics for MSS Market
Key Competitors for MSS Market
Key Competitors for MSS Market (continued)
Growth Drivers for MSS Market
Growth Driver Analysis for MSS Market
Growth Driver Analysis for MSS Market (continued)
Growth Driver Analysis for MSS Market (continued)
Growth Driver Analysis for MSS Market (continued)
Growth Restraints for MSS Market
Growth Restraint Analysis for MSS Market
Growth Restraint Analysis for MSS Market (continued)
Forecast Assumptions, MSS Market
Revenue Forecast, MSS Market
Revenue Forecast by Segment, MSS Market
Revenue Forecast by Region, MSS Market
Revenue Forecast Analysis, MSS Market
Revenue Forecast Discussion by Region, MSS Market
Revenue Forecast Discussion by Region, MSS Market (continued)
Revenue Forecast Discussion by Region, MSS Market (continued)
Revenue Forecast Discussion by Region, MSS Market (continued)
Revenue Forecast Discussion by Region, MSS Market (continued)
Percent Revenue by Region, MSS Market
Competitive Environment, MSS Market
Revenue Share, MSS Market
Percent Revenue by Vertical, MSS Market
Percent Revenue by Horizontal, MSS Market
Key Growth Metrics for MSS Market, Greater China
Key Findings, MSS Market, Greater China
Revenue Forecast, MSS Market, Greater China
Revenue Forecast by Segment, MSS Market, Greater China
Revenue Forecast by Country, MSS Market, Greater China
Revenue Forecast Discussion by Country, MSS Market, Greater China
Revenue Forecast Discussion by Country, MSS Market, Greater China (continued)
Competitive Environment, MSS Market, Greater China
Revenue Share Analysis, MSS Market, Greater China
Availability and Completeness of Managed Security Services Offerings
Regional Geographic Coverage of Managed Security Services Offerings
Country/Region Legend for Security Operation Centers
CITIC Telecom CPC
DXC Technology
IBM Security
Samsung SDS
Secureworks
SKInfosec
NRI Secure Technologies
NSFOCUS
NTT
Tata Communications
Telstra
Trustwave, a Singtel Company
Verizon
Growth Opportunity 1—Growing Interest in Advanced MSS, 2020
Growth Opportunity 1—Growing Interest in Advanced MSS, 2020 (continued)
Growth Opportunity 2—Growing Demand for Cloud Security, 2020
Growth Opportunity 2—Growing Demand for Cloud Security, 2020 (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
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| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Anh Tien Vu |
| Industries | Information Technology |
| WIP Number | PB64-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9532-C1,9659 |