South Korea Network-based Advanced Malware Analysis (NAMA) Solutions Market, Forecast to 2021
The South Korean NAMA market witnessed a healthy growth of 39.0% on a YoY basis in 2016. Awareness about NAMA solutions and the market has increased, largely due to the increased number of sophisticated malware attacks in South Korea over the years, leading to an increasing trend on adoption of cloud-based solutions. An example was the attack on a security vendor that provides security solutions for the Korean government and BFSI businesses. The incident damaged the reputation and trust of the security vendor by impacting the stability of its security software solutions. Another attack on one of the biggest internet shopping malls, Interpark, leaked personal information, for financial gain, of about 10.3 million users.
Market trends are analyzed for the study period 2015 to 2021, with the base year being 2016. NAMA solution is the key focus area in this study. The vertical segmentation in this study includes the government, banking, financial services and insurance (BFSI), service provider, manufacturing, education, and other sectors including pharmaceuticals, retail, logistics, oil & gas, energy, mining, agriculture, IT/ITES, e-Gaming, e-Commerce, and BPOs) Companies mentioned in the South Korean NAMA market's competitive landscape include FireEye, Trend Micro, AhnLab, WINS, Zscaler, Cisco, Palo Alto Networks, Check Point Software Tech, McAfee, Symantec, Lastline, ForcePoint, Fortinet, and other small vendors.
In addition to market growth analysis, the study highlights the key factors driving the NAMA market. Key drivers are as follows: the constant evolution of APT, targeted, and advanced malware attacks drive the need for advanced malware analysis solutions to gain greater visibility into threats; the increasing need for proactive defense solutions drives organizations to invest in holistic security strategies to build up cyber resilient systems; concerns over financial and reputation losses and liabilities continue to drive the adoption of advanced malware analysis solutions; growing concerns over threats to key infrastructure and strong requirements for cyber resiliency are driving government organizations, utilities, and service providers to invest in NAMA solutions.
Key Issues Addressed
Is the NAMA solution market growing? How long will it continue to grow, and at what rate?
Are the existing competitors structured correctly to meet customer needs?
Who are the major solution vendors in different regions and what is their market share?
What will be the market trends in terms of NAMA solution adoption?
What are the vertical and horizontal market trends?
What are the growth opportunities and call to action for the supply chain?
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