Press Release

Singapore Managed Security Services Market to be led by Digital Transformation Initiatives through 2028

Increasing Sophistication of Cyber Threats driving the implementation of the Managed Security Services in the Singapore market.


According to TechSci Research report, “Singapore Managed Security Services Market – By Region, Competition, Forecast and Opportunities, 2018-2028F”

The Managed Security Services (MSS) market in Singapore is experiencing robust growth, driven by a confluence of factors that underscore the nation's commitment to cybersecurity excellence. Singapore, a global business, and technology hub is known for its unwavering focus on digital transformation and innovation. This steadfast commitment has paved the way for substantial opportunities and challenges in the realm of MSS. First and foremost, Singapore's thriving economy, home to numerous multinational corporations and financial institutions, demands a high level of security to protect sensitive data, critical infrastructure, and intellectual property. The city-state's strategic location as a regional business hub amplifies the need for advanced MSS solutions. As a result, MSS providers in Singapore are tasked with delivering cutting-edge security measures to safeguard the interests of both local and international organizations.

Furthermore, Singapore's government has been proactive in strengthening the nation's cybersecurity posture. Initiatives like the Singapore Cybersecurity Strategy and the establishment of the Cyber Security Agency of Singapore (CSA) underscore the country's commitment to creating a secure digital environment. This proactive stance extends to collaborations with MSS providers to develop and implement robust security frameworks, threat intelligence sharing, and incident response capabilities.

The dynamic nature of cyber threats poses a significant challenge in the Singaporean MSS market. Cyber adversaries continually evolve their tactics, techniques, and procedures, making it imperative for MSS providers to stay one step ahead. The rapid adoption of emerging technologies, such as cloud computing, IoT, and artificial intelligence, introduces new attack vectors and security challenges. Thus, MSS providers in Singapore must continuously innovate and invest in state-of-the-art cybersecurity solutions to effectively combat these threats. Moreover, regulatory compliance is a critical concern for organizations operating in Singapore. The Personal Data Protection Act (PDPA) and the upcoming Cybersecurity Act impose strict requirements on data protection and incident reporting, necessitating robust MSS offerings that help businesses adhere to these regulations. Additionally, the Financial Services Act (FSA) for financial institutions further underscores the need for comprehensive MSS solutions tailored to specific industry requirements.

To navigate these challenges and capitalize on the opportunities, MSS providers in Singapore must adopt a multi-faceted approach. This involves not only investing in cutting-edge technology but also fostering partnerships with government agencies, industry associations, and educational institutions to enhance cybersecurity awareness and skills in the region. Collaboration and knowledge-sharing will be key in fortifying Singapore's position as a cybersecurity leader, and MSS providers are at the forefront of this transformative journey, ensuring that businesses in the Lion City can thrive in a secure digital landscape.


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Singapore managed security services market is segmented based on security type, deployment mode, organization size, end user, and region. Based on security type, the market can be segmented into network security, endpoint security, application security, cloud security, and others. By deployment mode, the market segmented into cloud and on-premises. Based on organization size, the market is further split into SME’s, large enterprise. By end user, the market can be segmented into BFSI, IT & telecommunication, energy & utilities, healthcare, manufacturing, defense, others.

Based on security type, the network security segment emerges as the dominant and steadfast force, maintaining a commanding influence that is projected to persist throughout the forecast period. In the Singapore Managed Security Services (MSS) market, the network security segment stands out as the prevailing and enduring force, set to maintain its commanding influence throughout the forecast period. Network security is at the forefront of cybersecurity concerns for organizations in the Kingdom as they navigate the ever-expanding digital landscape. With the increasing sophistication of cyber threats, including malware, ransomware, and advanced persistent threats, the need to protect networks from unauthorized access, data breaches, and disruptions has never been more critical. The dominance of network security within the MSS market can be attributed to several factors. Firstly, Saudi organizations, whether in government, finance, healthcare, or critical infrastructure sectors, rely heavily on interconnected networks to conduct their operations. This heightened interconnectivity brings with it a heightened risk of cyberattacks. As a result, MSS providers offering network security services are in high demand to safeguard these vital networks. Secondly, the growing adoption of cloud computing and mobile technologies has expanded the attack surface, making it imperative for organizations to secure their network perimeters. MSS providers specializing in network security offer comprehensive solutions that encompass firewall management, intrusion detection and prevention, and real-time monitoring, providing organizations with a robust defense against cyber threats. Lastly, regulatory compliance requirements in Singapore emphasize the importance of securing sensitive data and maintaining network integrity. Organizations seek MSS providers to help them navigate these regulatory landscapes and ensure they are following cybersecurity standards.

Based on the deployment type, the cloud segment for the managed security system is attributing the significant growth in the Singapore market and is projected to collect considerable amount of revenue in the forecast period. Cloud systems have become the more popular security option amongst enterprises. Cloud solutions are offering its users more flexible and reliable with enhanced security features in comparison to on-premises solutions. Moreover, the government of Singapore continuous initiatives and promoting security awareness for cloud such as cloud first policy, Government on Commercial Cloud (GCC), Infocomm Media Development Authority (IMDA) Cloud Certification Scheme and many more is enabling the enterprises and government agencies to adopt various cloud services securely. These factors are projected to augment the growth of the cloud segment in the Singapore managed security services market.

Key market players in the Singapore managed security services market include:

  • NTT Singapore Pte. Ltd.
  • StarHub Ltd.
  • Singapore Telecommunications Limited
  • Quann Singapore Pte. Ltd.
  • IBM Singapore Pte. Ltd.
  • DXC Technology Singapore Pte. Ltd.
  • Verizon Communications Singapore Pte. Ltd.
  • Dimension Data (Singapore) Pte. Ltd.
  • BT Singapore Pte. Ltd.
  • Proficio Pte. Ltd

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“North-East is the fastest-growing region in the Singapore managed security services market as enterprises in the varied industries are integrating cloud technology into their operations to increase their presence. In addition, consumer preference towards security solutions to protect themselves from cyber threats are anticipated to fuel market expansion across the region. Moreover, supportive government initiatives and policies for boosting services all over the region with emerging technologies has also been positively influencing the market with a continuous urge for launching new service plans and platform in the upcoming years. Additionally, it is anticipated that the market for managed security services would rise as smart, secure, and connected technologies are increasingly being adopted along with several countries collaboration to secure IoT based devices throughout the region are further anticipated to fuel market expansion in Singapore.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

“Singapore Managed Security Services Market by Security Type (Managed Intrusion Detection System (IDS)/Managed Intrusion Prevention System (IPS), Security Information & Event Management, Managed Firewall, Unified Threat Management, Others), By Deployment Type (On-Premise, Cloud), By Organization Size (SME’s, Large Enterprise), By End User (Government, BFSI, IT & Telecom, Manufacturing & Natural Resources, and Others), By Region, Competition, Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Managed Security Services and provides statistics and information on market structure, size, share, and future growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Singapore Managed Security Services market.


Mr. Ken Mathews         

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656                                                     

Email: [email protected]               


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