Story image

Local managed security services growth topping 20.5% CAGR

10 Apr 2017

Managed security services is proving a boom market in Asia Pacific with IDC forecasting the security services market to see compound annual growth rate of 20.5% out to 2020 as digital transformation creates new security challenges.

That growth comes for a market which topped US$4.23 billion across Asia Pacific excluding Japan, in 2016.

IDC says managed security services accounted for 37% of the total market in 2016 – or US$1.58 billion and is expected to hit US$3.86 billion in 2020.

Incident responses services and cloud hosted security services are also expected to see high growth.

The analyst company says leveraging external trusted security services advisors is a viable option for most organisations in the region, since sourcing and skilling of qualified staff is ‘highly challenging’ even for large organisations.

Cathy Huang, IDC Asia/Pacific senior research manager for security services, says “These are challenging times for security professionals, given the greater urgency for businesses to address cyber security.”

She says as organisations transform to become more digitally-enabled, they will fundamentally alter their enterprise technology and process architectures, data value chain and risk appetite.

“These changes in turn create new security challenges which organsations have never faced before,” Huang says.

She says organisations need to modify their SLA metrics in seurity services engagements.

“While it is critical to maintain the key SLA metrics focusing on availability of security infrastructure and effciency in response times, organisations should also develop or at least have the attempt to develop a small number of intuitive SLA metrics that carry obvious impact to business outcomes.”

Adobe, Microsoft and LinkedIn join forces to accelerate account-based experiences
“With these new account-based capabilities, marketing and sales teams will have increased alignment around the people and accounts they are engaging.” 
Winners of 2019 Adobe Experience Maker and Marketo Revvie Awards announced
The Adobe Experience Maker Awards recognise Adobe Experience Cloud customers and partners.
How Adobe and ServiceNow aim to advance customer experience management
“Together, ServiceNow and Adobe will help enable seamless digital workflows that power the experiences customers want.”
Adobe opens up marketing opportunities with Roku
Adobe and streaming TV platform Roku are now offering Adobe customers the ability to precisely target consumer audiences moving to over-the-top content (OTT).
Adobe Summit kicks off the future of customer experience in Las Vegas
“Today, at Adobe Summit, we unveiled significant new capabilities in Adobe Experience Cloud, including the introduction of Adobe Commerce Cloud and Marketo Engage, and general availability of Adobe Experience Platform.”
Ruckus releases new switch for 100GbE edge-to-core networks
Enables multi-gigabit networks with pay-as-you-grow model suitable for education, government and enterprise environments.
‘Buy-now-pay-later’ taking consumer markets by storm
A new survey shows that young people are embracing this new method of purchasing, with over 1.5 million users in the last year in Australia alone.
Aerohive achieves ISO/IEC 27001 cloud platform certification
Aerohive is the first cloud-managed networking vendor recognized by a global standard for commitment to information security management systems.