SINGAPORE--(BUSINESS WIRE)--Frost & Sullivan has identified Menlo Security as a growth and innovation leader in the Frost Radar™: Asia-Pacific Secure Web Gateway (SWG) Market, 2021. The COVID-19 pandemic and new remote working realities have encouraged a majority of companies to adopt cloud and hybrid security solutions. In addition, the increasing sophistication and volume of cyberattacks, alongside the growing reliance on the web, are driving heightened security for the web vector in today’s enterprise environment.
From an ecosystem perspective, the platform approach is still a mainstay as supply chain issues push vendors to integrate a myriad of security solutions onto unified platforms. However, the Secure Access Service Edge (SASE) approach is gaining popularity because of its ability to integrate solutions with security, networking and the cloud.
Capitalizing on this demand, SWG vendors are proactively enhancing their portfolios with a range of new features and capabilities, including isolation technology, Cloud Access Security Broker (CASB), and Data Loss Prevention (DLP). Furthermore, vendors that offer integrated, end-to-end security solutions will appeal to enterprises seeking to consolidate their security solutions and manage overheads of an expanded security perimeter.
The complimentary Frost Radar report is available here.
“Menlo Security stands out for its unique isolation-centric approach to SWG. The company has capitalized on the biggest market trends for a platform approach, flexible deployment, and the integration of capabilities to meet its customers’ demands and increase the efficacy of its product," noted Tien Vu Anh, Senior Industry Analyst, Cybersecurity at Frost & Sullivan. “Furthermore, the company has rapidly expanded its regional footprint, with strong growth in Japan, Singapore, Malaysia, the Philippines and, most recently, India, with adoption across the government, BFSI, education, telco and manufacturing verticals."
Menlo Security continues to differentiate itself in the market through its strategy of providing web security that is cloud-delivered, integrated, and powered by an Isolation Core™. This ensures better cyber threat/risk management that is highly scalable as businesses rely more on SASE architecture to protect their organizations.
"We are delighted to be recognized by Frost & Sullivan for our work in the Asia-Pacific secure web gateway market. This recognition will also encourage our team to strive and reach new heights as we continue to focus on driving industry leading innovation," said Stephanie Boo, vice president, Asia Pacific.
Menlo Security’s robust growth strategy and customizable security solutions are helping it gain a strategic advantage in the region by:
- Expanding its security platform capabilities with the addition of Cloud DLP and CASB, further strengthening its value proposition of delivering multiple security services in a single, integrated platform.
- Offering enhanced security capabilities through its Elastic Isolation Core technology, integrated sandboxing, and API integration for third-party solutions.
- Delivering its security capabilities through a distributed global network of Point of Presence (PoP) worldwide, including six countries within the APAC region.
- Providing on-premises support aligned with a wide variety of markets, including highly regulated industries, such as BFSI and government.
Frost Radar™: Asia-Pacific Secure Web Gateway (SWG) Market, 2021 provides results from an in-depth analysis built on a 360-degree research methodology where over 34 companies were evaluated. The team of industry analysts identified 14 industry leaders excelling at innovation, most poised for growth and ripe for investment, and recognizes them in the Frost Radar with insight into their innovative offerings, projected growth rates, strengths, and opportunities for the future.
About Menlo Security
Menlo Security protects organizations from cyberattacks by eliminating the threat of malware from the web, documents, and email. Menlo Security’s isolation-powered cloud security platform scales to provide comprehensive protection across enterprises of any size, without requiring endpoint software or impacting the end user-experience. Menlo Security is trusted by major global businesses, including Fortune 500 companies and eight of the ten largest global financial services institutions, and is backed by Vista Equity Partners, Neuberger Berman, General Catalyst, American Express Ventures, Ericsson Ventures, HSBC, and JP Morgan Chase. Menlo Security is headquartered in Mountain View, California. For more information, please visit www.menlosecurity.com.