Product Code: ETC4387587 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Security as a Service (SECaaS) is gaining momentum in Malaysia as businesses seek cost-effective and scalable security solutions. SECaaS providers offer services like antivirus, firewall, and intrusion detection on a subscription basis. This market addresses the growing need for outsourced security expertise and tools to protect against cyber threats and vulnerabilities.
The security as a service market in Malaysia is flourishing, primarily driven by a confluence of factors. One of the primary drivers is the cost-efficiency and flexibility offered by security as a service solutions, enabling organizations to scale their security measures according to their needs. In a rapidly changing threat landscape, this adaptability is crucial. Additionally, the shortage of cybersecurity talent in Malaysia has prompted organizations to turn to managed security service providers, further boosting the demand for security as a service. The increasing prevalence of remote work and cloud-based applications has also led to a growing need for cloud-centric security services.
The Malaysia security as a service market faces several challenges as it offers security solutions through cloud-based services. One of the foremost challenges is convincing organizations to entrust their sensitive data and security measures to cloud providers. Security concerns related to data privacy, compliance, and control are barriers that need to be addressed. Moreover, adapting to the specific needs and regulatory requirements of different industries can be a challenge, as each sector may have unique security considerations. The ever-changing threat landscape requires security as a service providers to continuously innovate and enhance their offerings, which can strain resources. Ensuring the availability and reliability of security services also poses a significant challenge, as downtime or service interruptions can have severe consequences.
The Malaysia Security as a Service (SECaaS) Market has experienced rapid expansion as organizations seek cost-effective and scalable security solutions. SECaaS providers offer a range of security services, including network security, endpoint protection, and threat intelligence, delivered via the cloud. The COVID-19 pandemic accelerated the shift towards cloud-based services, as businesses sought flexible and remote-friendly security solutions. This further boosted the adoption of SECaaS offerings in Malaysia.
In the rapidly expanding security as a service market in Malaysia, Leading Players have emerged, offering robust solutions. Companies like Securit360, IBM, and Sophos are at the forefront of this industry. Securit360 is a Malaysia cybersecurity firm specializing in providing security-as-a-service solutions to safeguard businesses from cyber threats. IBM`s extensive experience in cloud and security services positions it as a prominent player in the Malaysia market, offering comprehensive security-as-a-service solutions. Sophos, a global cybersecurity leader, provides next-generation security services and solutions to protect organizations in Malaysia from evolving cyber risks.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Malaysia Security as a Service Market Overview |
3.1 Malaysia Country Macro Economic Indicators |
3.2 Malaysia Security as a Service Market Revenues & Volume, 2021 & 2031F |
3.3 Malaysia Security as a Service Market - Industry Life Cycle |
3.4 Malaysia Security as a Service Market - Porter's Five Forces |
3.5 Malaysia Security as a Service Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Malaysia Security as a Service Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Malaysia Security as a Service Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.8 Malaysia Security as a Service Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Malaysia Security as a Service Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing instances of cyber threats and attacks in Malaysia |
4.2.2 Growing adoption of cloud-based services by businesses |
4.2.3 Stringent regulatory requirements for data protection and privacy |
4.3 Market Restraints |
4.3.1 Lack of awareness about security as a service offerings |
4.3.2 Concerns about data security and privacy in outsourcing security services |
5 Malaysia Security as a Service Market Trends |
6 Malaysia Security as a Service Market, By Types |
6.1 Malaysia Security as a Service Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Malaysia Security as a Service Market Revenues & Volume, By Component, 2021-2031F |
6.1.3 Malaysia Security as a Service Market Revenues & Volume, By Solution , 2021-2031F |
6.1.4 Malaysia Security as a Service Market Revenues & Volume, By Service, 2021-2031F |
6.2 Malaysia Security as a Service Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Malaysia Security as a Service Market Revenues & Volume, By Network Security, 2021-2031F |
6.2.3 Malaysia Security as a Service Market Revenues & Volume, By Endpoint Security, 2021-2031F |
6.2.4 Malaysia Security as a Service Market Revenues & Volume, By Security, 2021-2031F |
6.2.5 Malaysia Security as a Service Market Revenues & Volume, By Cloud, 2021-2031F |
6.3 Malaysia Security as a Service Market, By Organization Size |
6.3.1 Overview and Analysis |
6.3.2 Malaysia Security as a Service Market Revenues & Volume, By SMEs, 2021-2031F |
6.3.3 Malaysia Security as a Service Market Revenues & Volume, By Large Enterprises, 2021-2031F |
6.4 Malaysia Security as a Service Market, By Vertical |
6.4.1 Overview and Analysis |
6.4.2 Malaysia Security as a Service Market Revenues & Volume, By Banking, Financial Services, and Insurance,, 2021-2031F |
6.4.3 Malaysia Security as a Service Market Revenues & Volume, By Government and Defense, 2021-2031F |
6.4.4 Malaysia Security as a Service Market Revenues & Volume, By Retail and eCommerce, 2021-2031F |
6.4.5 Malaysia Security as a Service Market Revenues & Volume, By Healthcare and Life Sciences, 2021-2031F |
6.4.6 Malaysia Security as a Service Market Revenues & Volume, By IT and Telecom, 2021-2031F |
6.4.7 Malaysia Security as a Service Market Revenues & Volume, By Energy and Utilities, 2021-2031F |
6.4.8 Malaysia Security as a Service Market Revenues & Volume, By Other Verticals (Travel and Hospitality, Education and Media and Entertainment), 2021-2031F |
6.4.9 Malaysia Security as a Service Market Revenues & Volume, By Other Verticals (Travel and Hospitality, Education and Media and Entertainment), 2021-2031F |
7 Malaysia Security as a Service Market Import-Export Trade Statistics |
7.1 Malaysia Security as a Service Market Export to Major Countries |
7.2 Malaysia Security as a Service Market Imports from Major Countries |
8 Malaysia Security as a Service Market Key Performance Indicators |
8.1 Number of cybersecurity incidents reported in Malaysia |
8.2 Percentage of businesses in Malaysia using cloud-based security services |
8.3 Compliance rate with data protection regulations in Malaysia |
8.4 Adoption rate of security as a service solutions by small and medium enterprises in Malaysia |
8.5 Number of security breaches prevented or mitigated through security as a service solutions |
9 Malaysia Security as a Service Market - Opportunity Assessment |
9.1 Malaysia Security as a Service Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Malaysia Security as a Service Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Malaysia Security as a Service Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
9.4 Malaysia Security as a Service Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Malaysia Security as a Service Market - Competitive Landscape |
10.1 Malaysia Security as a Service Market Revenue Share, By Companies, 2024 |
10.2 Malaysia Security as a Service Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |