Analysis of the Asia-Pacific Managed Security Services Market

Dec 22, 2015, 21:31 ET from ReportBuyer

LONDON, Dec. 22, 2015 /PRNewswire/ -- Analysis of the Asia-Pacific Managed Security Services Market : Moving beyond Traditional Services to Advanced Detection and Remediation Capabilities

An increasingly sophisticated security landscape is challenging the validity of many enterprises' IT setups, forcing them to seek providers of complementary and advanced services. This study explores Asia-Pacific's managed security services (MSS) market through 2019 including forecasts and trends; drivers and restraints; and market share and competitive analysis of each region (Greater China, ANZ, ASEAN, India, Japan, and South Korea). For a closer look, the total market is segmented into hosted/cloud-based services, management/monitoring services, assessment services, and forensic and incident response services offered to customers across industry verticals. The research concludes with a vendor analysis and market predictions.

Executive Summary

The Asia-Pacific managed security services (MSS) market expanded to reach $ million in 2014. Against the backdrop of a relatively weak global economic environment, the MSS market still managed to clock a moderate year-over-year (YoY) growth rate of %.

- Mature markets such as Japan and Australia and New Zealand (ANZ) continued to lead the Asia-Pacific MSS market, accounting for an aggregate market share of % in 2014. Meanwhile, developing markets such as the Greater China Region (GCR), Association of Southeast Asian Nations (ASEAN), and India all registered double-digit YoY growth.

- The managed/monitoring services segment again stood out as the highest grossing segment, reaching a market size of $ million in 2014, followed by assessment services, hosted/cloud-based services, and forensic and incident management services.

- The hosted/cloud-based security services segment indicated a high YoY growth rate of % in 2014, due to the rising recognition and acceptance level amongst enterprises, as well as the escalating competition between participants from various backgrounds as they raced into the new technology arena.

- More enterprises were observed to start looking beyond preventive security services toward advanced detection and remediation capabilities. For security detection, enterprises were keen to look at services relating to security analytics, intelligence sharing, and breach assessment services, whilst for remediation, more enterprises adopted responsive strategies and requested forensic and incident response services to ensure they were resilient enough to handle attacks effectively and instantly.

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