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Analysis of Asia-Pacific Managed Security Services Market CY 2013 : Increasing Concerns Over Advanced Threats Driving Demand for Security Services

  • February 2015
  • -
  • Frost & Sullivan
  • -
  • 167 pages

Summary

Table of Contents

Executive Summary

•The managed security service model continued to gain adoption across Asia-Pacific during 2013. The market posted a revenue of $ x million, representing a steady growth of x % on a YoY basis, and also saw greater adoption of cloud-based security services. The traditional device and infrastructure monitoring services remained the primary options for organizations when it came to security services.
•Security was a big challenge to most companies and organizations as they were facing greater risks from increasingly sophisticated security landscape with the emergence of advanced threats such as targeted attacks, Advanced Persistent Threats (APT), and larger Distributed Denial of Service (DDoS) attacks, among others. The increase in cyber attacks and other risks means that organizations were losing a lot in terms of revenue and business reputation.
•Coupled with that, the growing adoption of cloud computing and mobility also made the IT infrastructure and security architecture that need to be protected more complex. As internal IT professionals were not adequate and skilled enough to tackle such issues, many organizations looked at managed security service providers for professionals to help them deal with these challenges.
•Among sub-regions, Japan, and Australia and New Zealand (ANZ) contributed the most revenue to the overall regional market, and accounted for a combined share of x % out of the pack, leaving less than x % of the market share to the rest of the sub-regions.
•The managed security services (MSS) market was mainly driven by the demand for traditional security services such as customers’ device monitoring and security assessment. Cloud-based security services are likely to increase significantly in the future due to the need for real-time security intelligence and protection, big data analytics, and advanced targeted threat protection. In a way, as most organizations in APAC showed great preference for legacy solutions such as firewall, IDS/IPS, content security, and other endpoints, the demand for monitoring services for these appliances remained predominant.
•Global service providers continued to generate the largest revenue in the overall market in 2013. Most of these managed security service providers (MSSPs) were global carriers such as Verizon, Telstra, Telecom NZ, AT&T, and Orange with dedicated MSS units and security vendors such as IBM and Dell (Secureworks). Moreover, regional participants were seen to expand aggressively in the market. Most of these were system integrators, offering hardware equipment, consulting, design, and assessment services. These participants included Dimension Data, Wipro, Japan-based LAC, and NRI Secure.
•Most customers in APAC had great preference for MSSPs which had local security operation centers (SOCs) due to the requirements of data sovereignty and other security compliance regulations released by governments during the year.
•Moving forward, there will be more MSSPs offering advanced security services such as security analytics, forensics, end point, and mobile management in the future. Most of these are likely to be offered as cloud-based services to enhance real-time protection capabilities.

CEO’s Perspective

The Managed Security Services market was driven by the adoption of CPE-based management/monitoring services.
Advanced security services such as data forensics, APT protection, anti-DDoS, SIEM, WAF, and others gained greater preference among enterprises.
Demand for data security, real-time protection, and security analytics services drove the adoption of cloud-based services.

Key Questions This Study Will Answer

Is the MSS market growing, how long will it continue to grow, and at what rate?
Are the existing market participants structured correctly to meet customer needs?
Will MSS continue to exist, or will other solutions and services take its place?
How will the structure of the market change with time?
Will the services replace the product markets?
Are the vendors in the market ready to go it alone, or do they need partnerships to take their business to the next level?

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