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South Korea Managed Security Services Market, Forecast to 2021

  • ID: 4471608
  • Report
  • February 2018
  • Region: South Korea
  • 47 pages
  • Frost & Sullivan
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Pressure to Reduce Operational Costs Driving MSS Adoption


  • AhnLab
  • AWS
  • Azure
  • Google
  • IBM cloud
  • IBM Security
  • MORE

The South Korean MSS market witnessed a growth of 9.5% in 2016. The market saw a high demand from cloud MSS and hybrid MSS. Amazon Web Service (AWS) did business in the South Korean market, with support from leading local participants SK Infosec and AhnLab. As many customers are still using legacy solutions and not private cloud, the cloud MSS remains focused on public cloud such as AWS, Azure, Google, and IBM cloud, and these companies are trying to partner with cloud service providers. To reduce costs and have a better understanding about security incidents, clients prefer to have MSS professionals in their security operations centres (SOCs).

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 Korean MSS market's vendor analysis include NTT, IBM Security, SK Infosec, AhnLab, and IGLOO SECURITY.

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 South Korea?
  • 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?
Note: Product cover images may vary from those shown
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  • AhnLab
  • AWS
  • Azure
  • Google
  • IBM cloud
  • IBM Security
  • MORE

1. Market Overview

  • Market Definitions
  • Key Questions this Study will Answer
  • Market Segmentation
  • Geographical Coverage

2. Forecasts and Trends

  • 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

3. Market Share and Competitive Analysis

  • Competitive Analysis
  • Competitive Environment

4. 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

5. Managed Security Services-Vendor Analysis

  • Availability and Completeness of MSS Offerings
  • Country/Region Legend for SOCs
  • NTT-Overview
  • IBM Security-Overview
  • SK Infosec-Overview

6. Other Notable Managed Security Service Providers

  • AhnLab-Overview
  • List of Security Services and Vendor Partnerships
  • List of MSSP Pricing Models in APAC

7. The Last Word

  • The Last Word-Predictions
  • Legal Disclaimer

8. Appendix

  • List of Exhibits
  • Market Engineering Methodology
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  • AWS
  • AhnLab
  • Azure
  • Google
  • IBM Security
  • IBM cloud
  • NTT
  • SK Infosec
Note: Product cover images may vary from those shown