TECH SUPPLIER May 2020 - Market Forecast - Doc # AP43912419

Asia/Pacific (Excluding Japan) Security Software and Appliance Forecast, 2018–2023

By: Gurpal SinghAssociate Research Manager, Shahnawas LatiffSenior Market Analyst

Abstract

This IDC study provides a five-year forecast for the APEJ security software market.

"The security software market continues to see robust growth in the APEJ region and the trend is likely to continue, as 'trust' becomes the cornerstone of running successful businesses. Organizations are gravitating toward integrated solutions, presenting an opportunity for security vendors to have strong API practices that promotes closer integration with third-party applications. Security vendors with a more open approach, involving threat intelligence, open standards, and deployment models, are likely to have higher buy-in from organizations constantly dabbling with a myriad of operational complexities, changing IT architectures, increasing threat landscape, and compliance mandates," says Gurpal Singh, associate research manager, Software, IDC APEJ.

Meanwhile, Shahnawas Latiff, associate research manager, software, IDC APEJ, adds, "The APEJ security appliance market is growing well, with many of the refresh happening around adopting a full-stack platform solution that can address both enterprises' end-to-end security needs and new enhanced adoption from small and medium-sized market segments for other solutions. Although Unified Threat management (UTM) is still the preferred appliance that bundles multiple solutions that can effectively secure the network for large enterprises, datacenters, and carriers, IDP and content management are the ones valued by others in detecting and combating new threat vectors."


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