Photo - Dato' Sri George Chang, Regional Director, Southeast Asia & Hong Kong, Fortinet
More Malaysian small and medium businesses (SMBs) are expected to invest in network security during 2013, according to network security and unified threat management (UTM) solutions provider Fortinet.
Fortinet regional director, Southeast Asia and Hong Kong, Dato' Sri George Chang, said cloud and mobile will continue to be high on the list of priorities as enterprises in Malaysia and Asia continue their adoption of these technologies. "The rise in advanced persistent threats (APTs) and distributed denial of service (DDoS) attacks reported around the world is also driving local enterprises to take greater measures to raise IT security."
"Security remains critical to the survival of businesses in Malaysia," said Chang. "Going into 2013, we will see more SMBs breaking out of their traditional apathy to respond to these concerns. Some of them are purchasing new network security solutions while others are subscribing to managed security services from service providers."
He said another market driver would be the rise of BYOD (bring-your-own-device). "Mobile device ownership in Malaysia is currently among the highest in the region. The rapid inflow of consumer-owned smartphones and tablets is also causing significant security challenges for many organisations. More and more employees are using their personal tablets and smartphones to access the corporate network for work. IT consumerisation represents an increasing risk to enterprises' information security."
"We expect more organisations to deploy security solutions on their network to enforce policies and controls around what the client, data, and user can do or access," he said. "With the enactment of the Personal Data Protection Act in Malaysia, local financial institutions and telecommunications service providers are also compelled to re-assess their enterprise security needs and infrastructure."
"According to market researcher Frost & Sullivan, Malaysia's network security market is expected to experience strong growth in the coming years, with CAGR [compound annual growth rate] predicted to hit 12.6 percent during 2012 to 2018 reaching a total market size of US$126.8 million in 2018," said Chang.
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