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Asia-Pacific $5 8 Bn Managed Security Services Markets to 2025: An Evolving Threat Landscape and the Emergence of a Hybrid Technology Infrastructure to Drive the Future Growth Potential of MSS
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Asia-Pacific $5 8 Bn Managed Security Services Markets to 2025: An Evolving Threat Landscape and the Emergence of a Hybrid Technology Infrastructure to Drive the Future Growth Potential of MSS
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Endpoint security has become an important building block of a mature cybersecurity framework. Its significance has increased during the ongoing COVID-19 pandemic as enterprises have had to shift their entire employee bases to work from home during the nationwide lockdown. Cybercriminals have identified security gaps in endpoints and started exploiting devices with a motive to steal data and user credentials. Ransomware and phishing attacks were at an all-time high in 2020, pushing enterprises to spend on endpoint security.
However, security budgets shrunk and large transformational projects were placed on hold due to low revenue streams and business-related uncertainties. Enterprises looked for options that required low investments but were effective in terms of quick turnarounds. In 2020, the Indian endpoint security market experienced a decline; nevertheless, it is likely to recover strongly in 2021. Endpo
Indian Endpoint Security Market Outlook: COVID-19 has Affected the Market but Gradual Recovery is Expected from Q1 CY 2021
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Demand for privileged access management (PAM) solutions will continue to increase in the next 5 years because of the stringent requirements for compliance and concerns about data privacy and security (particularly in highly regulated industries).
On-premises solutions will continue to be widely adopted among businesses in the Asia-Pacific region because of requirements for privacy, full control of solutions, performance, and compliance, mainly in ASEAN countries, Japan, South Korea, and China. Overall, PAM solutions will remain strong among large enterprises and organizations that have complex infrastructure, networks, and critical and valuable data that are often accessed by different departments and accounts.