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Asia-Pacific Managed Security Services Market Size, Share & Trends Analysis Report By Enterprise Size, By Services, By Security, By Vertical, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 170 Pages
  • October 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6025718
The Asia Pacific Managed Security Services Market is expected to witness market growth of 15.7% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific Managed Security Services Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $7.34 billion by 2031. The Japan market is registering a CAGR of 15% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 15.2% during 2024-2031.



The adoption of these Services has surged in recent years, fuelled by several factors. The frequency and sophistication of cyberattacks have escalated, prompting organizations to seek professional assistance in managing security. High-profile breaches across various industries have underscored the necessity for comprehensive security solutions.

Many organizations, especially small and medium-sized enterprises (SMEs), struggle to recruit and retain skilled cybersecurity professionals. MSS providers bridge this gap by offering access to a team of experts with the latest knowledge and tools. Maintaining an in-house security team can be prohibitively expensive, particularly for smaller organizations.

The rising BFSI sector in India has become a pivotal driver of economic growth, significantly influencing this market. India’s banking landscape is recognized as one of the most stable globally, with a remarkable increase in financial inclusion. This expansion has enhanced access to banking services and underscored the necessity for robust cybersecurity measures. the rapid expansion of China’s information technology (IT) sector has significant implications for this market.

According to the State Council of the People’s Republic of China, the software and information technology services industry generated an impressive 12.33 trillion yuan (approximately 1.73 trillion U.S. dollars) in business revenues in 2023. This represents a robust year-on-year growth rate of 13.4%, with an increase of 2.2 percentage points compared to the previous year. Therefore, the growth of the BFSI sector in India and the booming IT sector in China are intricately linked to the expansion of the managed security services market.

List of Key Companies Profiled

  • IBM Corporation
  • Cisco Systems, Inc.
  • Check Point Software Technologies Ltd.
  • Broadcom, Inc. (Symantec Corporation)
  • Wipro Limited
  • Verizon Communications, Inc.
  • SecureWorks Corp. (Dell Technologies, Inc.)
  • Accenture PLC
  • BT Group plc
  • SonicWall, Inc.

Market Report Segmentation

By Enterprise Size

  • Large enterprises
  • SMEs

By Services

  • Managed UTM
  • Managed SIEM
  • Managed DDoS
  • Managed XDR
  • Managed IAM
  • Managed Risk & Compliance

By Security

  • Cloud Security
  • Data Security
  • End-point Security
  • Network Security
  • Other Security

By Vertical

  • BFSI
  • Healthcare
  • Manufacturing
  • IT & Telecommunications
  • Retail
  • Defense/Government
  • Other Vertical

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Managed Security Services Market, by Enterprise Size
1.4.2 Asia Pacific Managed Security Services Market, by Services
1.4.3 Asia Pacific Managed Security Services Market, by Security
1.4.4 Asia Pacific Managed Security Services Market, by Vertical
1.4.5 Asia Pacific Managed Security Services Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2021, Sep - 2024, Sep) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Asia Pacific Managed Security Services Market by Enterprise Size
5.1 Asia Pacific Large enterprises Market by Country
5.2 Asia Pacific SMEs Market by Country
Chapter 6. Asia Pacific Managed Security Services Market by Services
6.1 Asia Pacific Managed UTM Market by Country
6.2 Asia Pacific Managed SIEM Market by Country
6.3 Asia Pacific Managed DDoS Market by Country
6.4 Asia Pacific Managed XDR Market by Country
6.5 Asia Pacific Managed IAM Market by Country
6.6 Asia Pacific Managed Risk & Compliance Market by Country
Chapter 7. Asia Pacific Managed Security Services Market by Security
7.1 Asia Pacific Cloud Security Market by Country
7.2 Asia Pacific Data Security Market by Country
7.3 Asia Pacific End-point Security Market by Country
7.4 Asia Pacific Network Security Market by Country
7.5 Asia Pacific Other Security Market by Country
Chapter 8. Asia Pacific Managed Security Services Market by Vertical
8.1 Asia Pacific BFSI Market by Country
8.2 Asia Pacific Healthcare Market by Country
8.3 Asia Pacific Manufacturing Market by Country
8.4 Asia Pacific IT & Telecommunications Market by Country
8.5 Asia Pacific Retail Market by Country
8.6 Asia Pacific Defense/Government Market by Country
8.7 Asia Pacific Other Vertical Market by Country
Chapter 9. Asia Pacific Managed Security Services Market by Country
9.1 China Managed Security Services Market
9.1.1 China Managed Security Services Market by Enterprise Size
9.1.2 China Managed Security Services Market by Services
9.1.3 China Managed Security Services Market by Security
9.1.4 China Managed Security Services Market by Vertical
9.2 Japan Managed Security Services Market
9.2.1 Japan Managed Security Services Market by Enterprise Size
9.2.2 Japan Managed Security Services Market by Services
9.2.3 Japan Managed Security Services Market by Security
9.2.4 Japan Managed Security Services Market by Vertical
9.3 India Managed Security Services Market
9.3.1 India Managed Security Services Market by Enterprise Size
9.3.2 India Managed Security Services Market by Services
9.3.3 India Managed Security Services Market by Security
9.3.4 India Managed Security Services Market by Vertical
9.4 South Korea Managed Security Services Market
9.4.1 South Korea Managed Security Services Market by Enterprise Size
9.4.2 South Korea Managed Security Services Market by Services
9.4.3 South Korea Managed Security Services Market by Security
9.4.4 South Korea Managed Security Services Market by Vertical
9.5 Singapore Managed Security Services Market
9.5.1 Singapore Managed Security Services Market by Enterprise Size
9.5.2 Singapore Managed Security Services Market by Services
9.5.3 Singapore Managed Security Services Market by Security
9.5.4 Singapore Managed Security Services Market by Vertical
9.6 Malaysia Managed Security Services Market
9.6.1 Malaysia Managed Security Services Market by Enterprise Size
9.6.2 Malaysia Managed Security Services Market by Services
9.6.3 Malaysia Managed Security Services Market by Security
9.6.4 Malaysia Managed Security Services Market by Vertical
9.7 Rest of Asia Pacific Managed Security Services Market
9.7.1 Rest of Asia Pacific Managed Security Services Market by Enterprise Size
9.7.2 Rest of Asia Pacific Managed Security Services Market by Services
9.7.3 Rest of Asia Pacific Managed Security Services Market by Security
9.7.4 Rest of Asia Pacific Managed Security Services Market by Vertical
Chapter 10. Company Profiles
10.1 IBM Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional & Segmental Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments:
10.1.5.1 Partnerships, Collaborations, and Agreements:
10.1.5.2 Product Launches and Product Expansions:
10.1.5.3 Acquisition and Mergers:
10.1.6 SWOT Analysis
10.2 Cisco Systems, Inc.
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Regional Analysis
10.2.4 Research & Development Expense
10.2.5 Recent strategies and developments:
10.2.5.1 Partnerships, Collaborations, and Agreements:
10.2.5.2 Product Launches and Product Expansions:
10.2.5.3 Acquisition and Mergers:
10.2.6 SWOT Analysis
10.3 Broadcom, Inc. (Symantec Corporation)
10.3.1 Company Overview
10.3.2 Financial Analysis
10.3.3 Segmental and Regional Analysis
10.3.4 Research & Development Expense
10.3.5 Recent strategies and developments:
10.3.5.1 Partnerships, Collaborations, and Agreements:
10.3.5.2 Acquisition and Mergers:
10.3.6 SWOT Analysis
10.4 Check Point Software Technologies Ltd.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Regional Analysis
10.4.4 Research & Development Expenses
10.4.5 Recent strategies and developments:
10.4.5.1 Partnerships, Collaborations, and Agreements:
10.4.5.2 Product Launches and Product Expansions:
10.4.5.3 Acquisition and Mergers:
10.4.6 SWOT Analysis
10.5 Wipro Limited
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental and Regional Analysis
10.5.4 Research & Development Expenses
10.5.5 Recent strategies and developments:
10.5.5.1 Partnerships, Collaborations, and Agreements:
10.5.6 SWOT Analysis
10.6 Verizon Communications, Inc.
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Segmental Analysis
10.6.4 Recent strategies and developments:
10.6.4.1 Partnerships, Collaborations, and Agreements:
10.6.5 SWOT Analysis
10.7 SecureWorks Corp. (Dell Technologies, Inc.)
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Regional Analysis
10.7.4 Research & Development Expenses
10.7.5 Recent strategies and developments:
10.7.5.1 Product Launches and Product Expansions:
10.8 Accenture PLC
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental Analysis
10.8.4 Research & Development Expenses
10.8.5 Recent strategies and developments:
10.8.5.1 Partnerships, Collaborations, and Agreements:
10.8.5.2 Acquisition and Mergers:
10.8.6 SWOT Analysis
10.9 BT Group plc
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental and Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 SWOT Analysis
10.10. SonicWall, Inc.
10.10.1 Company Overview
10.10.2 Recent strategies and developments:
10.10.2.1 Product Launches and Product Expansions:
10.10.2.2 Acquisition and Mergers:
10.10.3 SWOT Analysis

Companies Mentioned

  • IBM Corporation
  • Cisco Systems, Inc.
  • Check Point Software Technologies Ltd.
  • Broadcom, Inc. (Symantec Corporation)
  • Wipro Limited
  • Verizon Communications, Inc.
  • SecureWorks Corp. (Dell Technologies, Inc.)
  • Accenture PLC
  • BT Group plc
  • SonicWall, Inc.

Methodology

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