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SANTA CLARA, Calif., Jan. 19, 2021 /PRNewswire/ Frost & Sullivan s recent analysis,
Capabilities Integration Shaping the Asia-Pacific Secure Content Management Market (SCM), Forecast to 2024, forecasts that the SCM market is expected to achieve an 11.4% compound annual growth rate (CAGR) to reach $2.2 billion in total web and email security revenues by 2024. Cloud-based deployments are projected to lead growth as more enterprises move their emails to the cloud and rely on the internet, including remote working, especially during COVID-19. Malicious email and web links remain the most popular attack vectors in APAC countries. Threats include more advanced and sophisticated targeted phishing emails, business email compromises, and malicious content.
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The Asia-Pacific (APAC) secure content management (SCM) market grew by 10.4% year-over-year (YoY) in 2019, declining slightly from 2018. Its top participants growth varied because of their different market approaches.
The overall email security market is maturing with slowing but steady growth. Heavily driving its cloud-based deployments are cloud-based email adoption, such as Office 365 and G Suite, and increasing regional remote workforces. The larger but less mature Web security market is also benefiting significantly from the latter. Moreover, enterprises are more reliant on Web applications and moving their workloads into the public cloud, necessitating cloud centricity.