Singapore Managed Security Services Market By Service Type (Managed Firewall, Unified Threat Management, Managed IPS & IDS, Managed SIEM and Others), By Deployment Type, By End User Sector, Competition Forecast & Opportunities, 2013-2023

Singapore managed security services market is projected to  cross $ 600 million by 2023. With growing use of smart devices and rapid increase in cyberattacks, companies across the country are deploying managed security services to safeguard their sensitive data. Booming Internet of Things market, rising number of government initiatives and emergence of mobile applications and Bring Your Own Device concept is expected to positively influence the country’s managed security services market over the coming years. Moreover, the framing of new security legislation and mandates aimed at protecting and safeguarding sensitive data would aid the managed security services market in Singapore during the forecast period.  

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019-2023

Objective of the Study:

• To define, segment, describe and forecast Singapore managed security services market on the basis of services, deployment mode, end user, region and company.
• To analyze and forecast Singapore managed security services market size.
• To forecast the market size, in terms of value, by segmenting Singapore managed security services market into end users, namely, Government, BFSI, IT & Telecom, Manufacturing & Natural Resources and others.
• To identify the drivers and challenges for Singapore managed security services market.
• To strategically profile leading players in the market which are driving the innovation and technological advancements in Singapore managed security services market.

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Some of the major players operating in Singapore managed security services market are IBM Singapore Pte. Ltd., NTT Singapore Pte. Ltd., DXC Technology Singapore Pte. Ltd., Verizon Communications Singapore Pte. Ltd., Singapore Telecommunications Limited, BT Singapore Pte. Ltd., StarHub Ltd., Quann Singapore Pte. Ltd., Proficio Pte. Ltd., Dimension Data (Singapore) Pte. Ltd., etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci research sourced a list of countrywide managed security service providers (MSSPs). Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. TechSci Research further analyzed the service offerings or variants and regional presence of major MSSPs.

TechSci Research calculated Singapore managed security services market size using a bottom-up approach, where data for different components for standard applications were recorded and forecast for the future years. TechSci Research sourced these values from industry experts and company representatives and these were externally validated through analyzing historical data of MSSPs to arrive at the overall market size. Various secondary sources such as company websites, annual reports, World Bank website, government websites, press releases, white papers, investor presentations and financial reports were also analyzed by TechSci Research.

Key Target Audience:

• Managed Security Service providers and other stakeholders
• Major end users of Managed Security Services such as companies involved in BFSI, Government & Defense, Healthcare, Telecom & IT, Retail & Consumer Packaged Goods, Energy & Utilities, Education and Others
• Associations, organizations, forums and alliances related to Managed Security Services market
• Government bodies such as regulating authorities and policy makers
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as managed security service providers, companies, customers and policy makers. The study would also help them to target the growing segments over the coming years and aid them in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Singapore managed security services market has been segmented into the following categories in addition to the industry trends which have also been detailed below:

• Market, by Service Type:

• Managed Intrusion Detection System (IDS)/Managed Intrusion Prevention System (IPS)
• Security Information & Event Management
• Managed Firewall
• Unified Threat Management
• Others
• Market, by End User:
• Government
• BFI
• IT & Telecom
• Manufacturing & Natural Resources
• Others  

•  Market, by Deployment Type:

• On-Premise
• Cloud

• Market, by Region:

• Central & East Region
• West Region
• North Region
• North-East Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies operating in managed security services market in Singapore.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

•          Profiling of five more players in Singapore MSS market