PwC named a Leader in the IDC MarketScape: Asia/Pacific Managed Security Services 2022

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Hong Kong, 25 November 2022 – PwC has been named as a Leader in the IDC MarketScape: Asia/Pacific Managed Security Services 2022 Vendor Assessment (November 2022, IDC #AP49101222). 

According to the report, PwC’s strength lies in its strategy of standardisation and repeatability, which provide a uniform experience to customers irrespective of their location. Additionally, it leverages its risk and advisory capabilities, along with cybersecurity expertise, to gain an edge in the market.

Kenneth Wong, PwC Mainland China and Hong Kong Digital Trust & Risk - Cybersecurity and Privacy Leader, said, “Managed security services is an important growth area for us and we have invested in bringing together leading technologies and execution leadership to our clients in the region. We use a central repository to store knowledge-based intelligence and other IP to maintain consistency and repeatability in service delivery, enabling customers to strengthen their cyber defence strategies against advanced threats. We are honoured to be the only managed security services vendor in the Leader category in China per the IDC report.”

Kok Tin Gan, PwC Hong Kong Cybersecurity and Privacy Partner, said, “Managed security services is a tremendous opportunity for us to deliver sustained outcomes to our clients. We deliver sustained cybersecurity outcomes through continual risk reduction and embedded risk management processes, as well as performing intelligence-led cyber-operations that provide sectoral and country-specific threat intelligence to drive security enhancements. We continue to work with our clients in the region to solve complex security issues through consistent application of analytics and automation delivered from our security operations centres.”

PwC’s managed detection and response (MDR) services continue to be its main revenue contributor and fastest-growing service area in Asia Pacific. It has direct presence across all the major territories in Asia Pacific, with four security operations centres in Hong Kong, Macau, Mainland China and India, and various other development and innovation centres across multiple locations. PwC leverages its risk and consulting pedigree to provide a differentiated experience and additional value to its customers in the cybersecurity space.

Notes to Editors 

About IDC MarketScape:

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilises a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.