SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMC NEWS

TMCNET eNEWSLETTER SIGNUP

2018 Australia and New Zealand (ANZ) Managed Security Services Market Forecast to 2021 - Shortage of Cyber Security Professionals with Strong Expertise was the Top Driving Factor
[April 12, 2018]

2018 Australia and New Zealand (ANZ) Managed Security Services Market Forecast to 2021 - Shortage of Cyber Security Professionals with Strong Expertise was the Top Driving Factor


DUBLIN, April 12, 2018 /PRNewswire/ --

The "Australia and New Zealand (ANZ) Managed Security Services Market, Forecast to 2021" report has been added to ResearchAndMarkets.com's offering.

Research and Markets Logo

The ANZ economy has been relatively on the downside in 2016. Crude oil prices slumped, which directly impacted the strength of the currencies, both the Australian Dollar and the Kiwi. As the market carries a weak sentiment, enterprises are cautious of their spending. Nonetheless, MSS demand in the Australian market remained positive, growing at 12% on a YoY basis in 2016.

The strong presence and high maturity of the local MSS participants will support in mitigating the constantly advancing threat landscape. In 2016, the Australian government launched a $230 million Cyber Security Strategy, containing 33 new initiatives to address cyber security threats and take advantage of business opportunities. In early 2017, local authorities established an industry-led Australian Cyber Security Growth Network to develop a national approach for cyber security innovation. The implementation and active involvement of government have created strong awareness among the enterprises. The agility and flexibility offered by cloud-based model is likely to drive adoption of such services in the ANZ MSS market.

In addition to marke 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 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:


  • BT
  • IBM Security
  • NEC
  • NTT
  • Orange Business Services
  • Singtel Cyber Security
  • Symantec
  • Tech Mahindra
  • Telstra
  • Verizon

Key Topics Covered:

1. Market Overview

2. Forecasts and Trends

3. Market Share and Competitive Analysis

4. Growth Opportunities and Companies to Action

5. Managed Security Services - Vendor Analysis

6. Other Notable Managed Security Service Providers

For more information about this report visit https://www.researchandmarkets.com/research/vwpqd3/2018_australia?w=5

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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:http://www.prnewswire.com/news-releases/2018-australia-and-new-zealand-anz-managed-security-services-market-forecast-to-2021---shortage-of-cyber-security-professionals-with-strong-expertise-was-the-top-driving-factor-300628897.html

SOURCE Research and Markets


[ Back To TMCnet.com's Homepage ]






Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2018 Technology Marketing Corporation. All rights reserved | Privacy Policy