TECH SUPPLIER Sep 2022 - Market Share - Doc # CHE48499222

China Managed Public Cloud Security Services Market Share, 2021: Sharing Responsibilities and Building Cloud Security Together

By:

Sophia Wang
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Abstract

The managed security services market as defined by IDC are the IT security services in which security SPs perform all-weather management or monitoring remotely through security operations centers (SOCs). Among these services is the managed public cloud security service, which refers to managed services provided to customers based on public cloud that requires infrastructure deployed on public cloud for end users. According to IDC statistics, in 2021, the market size of managed security services in China reached US$550 million, with a YoY increase of 61.2%, indicating it has doubled in the last two years. It is important to note that the remote hosting and managed cloud security service market has been recognized by many cloud tenants and small and medium-sized users for its high efficiency and low cost, leading to the market's rapid development. In this context, IDC has launched a market study of managed public cloud security services. This research report elaborates on the scale, vendor share, and service development and changes of China's managed public cloud security service market in 2021.

"In the context of deepening digital transformation (DX), cloud computing has developed rapidly as a new type of infrastructure, and cloud security has received widespread attention. At the same time, managed security services have been recognized by many users for their efficiency, convenience, and specialization, and as a combination of two emerging popular markets, ushering a period of rapid development for the managed cloud security service market. In the future, under the two major driving forces of compliance and market demand, compliance, tooling, diversification, refinement, process, intellectualization, and experience will become the key areas of demand for customers with infrastructures fully deployed in public cloud environments. In addition, public cloud SPs will also cooperate in the development of private cloud and hybrid cloud to help users build cloud security with a variety of hosting models," said Sophia Wang, IDC China analyst for IT security market research.


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