Insurance Technology Industry News

TMCNet:  2018 Asia-Pacific Managed Security Services Market: Forecast to 2021 - Pressure to Reduce Operational Costs Driving MSS Adoption

[April 12, 2018]

2018 Asia-Pacific Managed Security Services Market: Forecast to 2021 - Pressure to Reduce Operational Costs Driving MSS Adoption

DUBLIN, April 12, 2018 /PRNewswire/ --

The "Asia-Pacific Managed Security Services Market, Forecast to 2021" report has been added to's offering.

Research and Markets Logo

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 drivng 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

  • AhnLab
  • BT
  • CITIC Telecom CPC
  • DXC Technology
  • IBM 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

Key Topics Covered:

1. Executive Summary

2. Market Overview

3. Drivers and Restraints - Total MSS Market

4. Forecasts and Trends - Total MSS Market

5. Market Share and Competitive Analysis

6. Growth Opportunities and Companies to Action

7. Regional Breakdown - Anz

8. Regional Breakdown - Asean

9. Regional Breakdown - Gcr

10. Regional Breakdown - India

11. Regional Breakdown - Japan

12. Regional Breakdown - South Korea

13. Managed Security Services - Vendor Analysis

14. Other Notable Managed Security Service Providers

15. The Last Word

For more information about this report visit

Media Contact:

Research and Markets
Laura Wood, Senior Manager

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Cision View original content:

SOURCE Research and Markets

[ Back To Insurance Technology's Homepage ]