Singapore is one of the most well developed security markets in Asia/Pacific, and in the age of advanced attacks, organizations need to invest in four key areas of security solutions, according to Gartner, Inc. These four key areas of security solutions include: areas include: preventive, detective, retrospective and predictive.
“The key to achieving a strong security posture is to have these four types of security capabilities work well as an integrated, continuously monitored solution, something Gartner refers to as the adaptive security architecture,” said Sid Deshpande, principal research analyst at Gartner.
Organizations in Singapore display a heightened sense of urgency today towards improving their security posture, driven by the following factors:
- Strong efforts by government and regulatory bodies to increase security awareness and drive investment in security innovation
- The new types of risks associated with digital business models
- Highly visible security incidents in 2013 and 2014
- Overall IT spending growth
Gartner predicts that by 2018, 25 percent of corporate data traffic will flow directly from mobile devices to the cloud. As the majority of consumer facing businesses in Singapore go digital, organizations are looking at investing in mobile and cloud security solutions that can help them mitigate risks associated with digital business. The high interest areas around security from organizations in Singapore include security monitoring, identity and access management, advanced threat prevention, IoT security, application security, cloud security and GRC, among others.
“2013 and 2014 have seen a slew of merger and acquisition activity in the security space globally, and the increasingly complex nature of threats is driving security providers to fundamentally change the way they address their customers’ security challenges and communicate their message effectively. The renewed security opportunity presented to providers by Singapore enterprises brings with it sales and marketing challenges for security providers,” said Mr. Deshpande.
Gartner’s latest forecast for information security is available in the report ‘Forecast: Information Security, Worldwide, 2012-2018, 3Q14 Update.’and more details on the trends behind the forecast can be found in the reports Designing an Adaptive Security Architecture for Protection From Advanced Attacks, Market Trends: Managed Security Services, Asia/Pacific, 2014, ‘Growing Opportunity in Asia/Pacific and Japan Creates Sales and Marketing Challenges for Security Product Vendors, and Asia/Pacific Context: 'Magic Quadrant for Global MSSPs'