Australia and New Zealand (ANZ) Managed Security Services Market 2018-2021 - Trends and Drivers Influencing the Market - ResearchAndMarkets.com

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

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 addition to market 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/rqvm5n/australia_and_new?w=4

Contacts

ResearchAndMarkets.com
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
Related Topics: IT Security

Contacts

ResearchAndMarkets.com
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
Related Topics: IT Security