Asia-Pacific Managed Security Services Market, Forecast to 2021

  • ID: 4471565
  • Report
  • Region: Asia Pacific
  • 163 Pages
  • Frost & Sullivan
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Pressure to Reduce Operational Costs Driving MSS Adoption

FEATURED COMPANIES

  • AhnLab
  • IBM Security
  • LGDacom
  • NTT
  • Secureworks
  • StarHub
  • MORE

In 2016, the Asia-Pacific (APAC) managed security services (MSS) market maintained a strong growth momentum. New security challenges caused by the evolving threat landscape, such as ransomware, zero-day and targeted attacks, and compromised Internet of Things (IoT) are driving enterprises to invest more in risk management tools to gain cyber resilience.

The increasing adoption of emerging technologies to facilitate digital transformation is also adding more security pressure for organizations. Many organizations are migrating applications, network infrastructure, and services into the cloud, which is causing a higher security concern. Majority of the businesses are facing a shortage of security professionals, skills, and expertise to cope with the new types of security challenges, which is driving them to outsource their daily security operations to MSSPs. With the shift from capital expenditure (CapEx) to operational expenditure (OpEx) continuing to take place among businesses, the adoption of MSS is expected to increase in the region. Many of the firms are shifting away from traditional IT management to more of an outsourcing-centric model to focus on revenue-generating business processes.

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 MSS vendor analysis include NTT, IBM Security, Singtel Cyber Security, Verizon, NRI Secure, Telstra, LAC, SK Infosec, Symantec, Orange Business Services, Quann, BT, Tata Communications, Secureworks, NEC, AhnLab, IGLOO SECURITY, StarHub, CITIC Telecom CPC, Venustech, Tech Mahindra, and VADS. 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.

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 Asia-Pacific?
  • 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?
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FEATURED COMPANIES

  • AhnLab
  • IBM Security
  • LGDacom
  • NTT
  • Secureworks
  • StarHub
  • MORE

1. EXECUTIVE SUMMARY

  • Key Findings
  • Market Engineering Measurements
  • CEO’s Perspective

2. MARKET OVERVIEW

  • Market Definitions
  • Key Questions this Study will Answer
  • Market Segmentation
  • Geographical Coverage
  • Percent Revenue Breakdown by Region

3. DRIVERS AND RESTRAINTS - TOTAL MSS MARKET

  • Market Drivers
  • Drivers Explained
  • Market Restraints
  • Restraints Explained

4. FORECASTS AND TRENDS - TOTAL MSS MARKET

  • Forecast Assumptions
  • Asia-Pacific - Revenue Forecast
  • Asia-Pacific - Percent Revenue Forecast by Segment
  • Asia-Pacific - Revenue Forecast by Segment
  • Asia-Pacific - Revenue Forecast Discussion
  • Asia-Pacific - Percent Revenue Forecast by Region
  • Asia-Pacific - Revenue Forecast Discussion by Region
  • Asia-Pacific - Percent Revenue Breakdown by Vertical
  • Asia-Pacific - Percent Revenue Breakdown by Horizontal

5. MARKET SHARE AND COMPETITIVE ANALYSIS

  • Overall Competitive Analysis
  • Competitive Environment

6. GROWTH OPPORTUNITIES AND COMPANIES TO ACTION

  • 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

7. REGIONAL BREAKDOWN - ANZ

  • ANZ - Key Findings
  • ANZ - Market Engineering Measurements
  • ANZ - Revenue Forecast
  • ANZ - Percent Revenue Forecast by Segment
  • ANZ - Revenue Forecast by Segment
  • ANZ - Revenue Forecast Discussion by Segment
  • ANZ - Percent Revenue Forecast by Country
  • ANZ - Revenue Forecast Discussion by Country
  • Competitive Analysis
  • Competitive Environment

8. REGIONAL BREAKDOWN - ASEAN

  • ASEAN - Key Findings
  • ASEAN - Market Engineering Measurements
  • ASEAN - Revenue Forecast
  • ASEAN - Percent Revenue Forecast by Segment
  • ASEAN - Revenue Forecast by Segment
  • ASEAN - Revenue Forecast Discussion by Segment
  • ASEAN - Percent Revenue Forecast by Country
  • ASEAN - Revenue Forecast Discussion by Region
  • Competitive Analysis
  • Competitive Environment

9. REGIONAL BREAKDOWN - GCR

  • GCR - Key Findings
  • GCR - Market Engineering Measurements
  • 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
  • Competitive Analysis
  • Competitive Environment

10. REGIONAL BREAKDOWN - INDIA

  • India - Key Findings
  • India - Market Engineering Measurements
  • India - Revenue Forecast
  • India - Percent Revenue Forecast by Segment
  • India - Revenue Forecast by Segment
  • India - Revenue Forecast Discussion by Segment
  • Competitive Analysis
  • Competitive Environment

11. REGIONAL BREAKDOWN - JAPAN

  • Japan - Key Findings
  • Japan - Market Engineering Measurements
  • Japan - Revenue Forecast
  • Japan - Percent Revenue Forecast by Segment
  • Japan - Revenue Forecast by Segment
  • Japan - Revenue Forecast Discussion by Segment
  • Competitive Analysis
  • Competitive Environment

12. REGIONAL BREAKDOWN - SOUTH KOREA

  • South Korea - Key Findings
  • South Korea - Market Engineering Measurements
  • South Korea - Revenue Forecast
  • South Korea - Percent Revenue Forecast by Segment
  • South Korea - Revenue Forecast by Segment
  • South Korea - Revenue Forecast Discussion by Segment
  • Competitive Analysis
  • Competitive Environment

13. MANAGED SECURITY SERVICES - VENDOR ANALYSIS

  • 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
  • NRI Secure - Overview
  • Telstra - Overview
  • LAC - Overview
  • SK Infosec - Overview
  • Symantec - Overview
  • Orange Business Services - Overview
  • Quann - Overview
  • BT - Overview
  • Tata Communications - Overview

14. OTHER NOTABLE MANAGED SECURITY SERVICE PROVIDERS

  • Secureworks - Overview
  • NEC - Overview
  • AhnLab - Overview
  • IGLOO SECURITY - Overview
  • StarHub - Overview
  • CITIC Telecom CPC - Overview
  • Venustech - Overview
  • Tech Mahindra - Overview
  • VADS - Overview
  • List of Security Services and Vendor Partnerships
  • List of MSSP Pricing Models in APAC

15. THE LAST WORD

  • The Last Word - Predictions
  • Legal Disclaimer

16. APPENDIX

  • List of Exhibits
  • Market Engineering Methodology
  • Market Engineering Measurements
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  • AhnLab
  • BT
  • CITIC Telecom CPC
  • DXC Technology
  • IBM Security
  • IGLOO SECURITY
  • KTIS
  • LAC
  • LGDacom
  • MBSD
  • NEC
  • NRI Secure
  • NTT
  • Orange
  • Orange Business Services
  • Quann
  • SK Infosec
  • SKinfocec
  • Secureworks
  • Singtel Cyber Security
  • StarHub
  • Symantec
  • Tata Communications
  • Tech Mahindra
  • Telstra
  • Unisys
  • VADS
  • Venustech
  • Verizon
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