South Korea Managed Security Services Market, Forecast to 2021

The South Korean MSS market witnessed a growth of 9.5% in 2016. The market saw a high demand from cloud MSS and hybrid MSS. Amazon Web Service (AWS) did business in the South Korean market, with support from leading local participants SK Infosec and AhnLab. As many customers are still using legacy solutions and not private cloud, the cloud MSS remains focused on public cloud such as AWS, Azure, Google, and IBM cloud, and these companies are trying to partner with cloud service providers. To reduce costs and have a better understanding about security incidents, clients prefer to have MSS professionals in their security operations centres (SOCs). 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 in the Korean MSS market's vendor analysis include NTT, IBM Security, SK Infosec, AhnLab, and IGLOO SECURITY.
Published: 14 Feb 2018

  • Total MSS Market: Customer Segmentation, APAC, 2016
  • MSS Market: Regional Coverage, South Korea, 2016
  • MSS Market: Market Engineering Measurements, South Korea, 2016
  • MSS Market: Revenue Forecast, South Korea, 2015–2021
  • MSS Market: Percent Revenue Forecast by Segment, South Korea, 2015–2021
  • MSS Market: Revenue Forecast by Segment, South Korea, 2015–2021
  • MSS Market: Percent of Revenue, South Korea, 2016
  • MSS Market: Competitive Structure, South Korea, 2016
  • MSS Market: Availability and Completeness of MSS Offerings

Features of this Research

Help Desk

Full list of offices

For more information and general enquiries, contact Frost & Sullivan near you.

North America
tel: +1.877.463.7678

Select a location near you..