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

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 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

https://www.prnewswire.com/news-releases/2018-asia-pacific-managed-security-services-market-forecast-to-2021---pressure-to-reduce-operational-costs-driving-mss-adoption-300628895.html

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