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2018 Asia-Pacific Managed Security Services Market: Forecast to 2021 - Pressure to Reduce Operational Costs Driving MSS AdoptionDUBLIN, April 12, 2018 /PRNewswire/ -- The "Asia-Pacific Managed Security Services Market, Forecast to 2021" report has been added to ResearchAndMarkets.com's offering. 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. 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
Key Topics Covered: Media Contact: Research and Markets View original content:http://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 SOURCE Research and Markets |