DUBLIN–(BUSINESS WIRE)–The “APAC Managed Security Services Market, Forecast to 2024 – Increasingly Sophisticated Threat Landscape Drives Uptake of MSS” report has been added to ResearchAndMarkets.com’s offering.
Revenue generation in the APAC MSS market is likely to be impeded by the global COVID-19 pandemic, it will recover quickly after 2020 at a CAGR of 14.9% (2019-2024); growth will vary with each country in the region.
Managed security services (MSS) offered are categorized into 2 segments: hosted security services (HSS) and CPE-based management monitoring services (MMS).
Though ANZ is a fragmented market with a large number of local security providers competing with international participants in both Australia and New Zealand, it will continue on a steady growth path.
The ASEAN market is expected to maintain its strong growth over the next 5 years. The lack of budget allocated to cybersecurity, specifically to strengthen detection and response capabilities, is one of the reasons why businesses engage MSSPs.
The Indian MSS market is set to experience a robust, double-digit CAGR from 2019 to 2024, indicating that the market will continue seeing strong growth in the next 5 years.
Greater China region recorded strong YoY growth in 2019. Regulatory pressure and the evolving threat landscape will be top driving factors, especially in highly regulated sectors.
The Japanese MSS market is the largest in the APAC region; it is expected to grow at a healthy CAGR of 9.6% from 2019 to 2024.
Growth of the South Korean market was relatively flat when compared to other countries in APAC. Owing to the government’s smart factory supply expansion project, the manufacturing vertical will continue to be a key revenue contributor and help the market grow at a CAGR of 12.1%.
Key Topics Covered:
1. Strategic Imperatives
2. Growth Opportunity Analysis, Managed Security Services Market
3. Growth Opportunity Analysis, MSS Market, Greater China
4. Company Profiles, Managed Security Services Market
5. Growth Opportunity Universe, Managed Security Services Market
6. Next Steps
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/odq78s
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press 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
This United States Trade and Development Agency (USTDA)-funded technical assistance aims to improve public mobility…
TYLER, Texas--(BUSINESS WIRE)--NanoVibronix, Inc. (NASDAQ: NAOV), a medical device company that produces the UroShield®, PainShield®…
Charter increases CoolCo’s total revenue backlog to almost $1.9 billion LONDON--(BUSINESS WIRE)--Cool Company Ltd. (NYSE:…
SHANGHAI & CAMBRIDGE, Mass.--(BUSINESS WIRE)--Zai Lab Limited (NASDAQ: ZLAB; HKEX: 9688) today announced that members…
MELBOURNE, Australia--(BUSINESS WIRE)--Hansen Technologies (ASX:HSN), a leading global provider of software and services to the…
China's Jiuxian Group Competes on "Multiple Fronts" in Liquor Industry BEIJING--(BUSINESS WIRE)--Renowned Chinese liquor manufacturer,…