Market Share of Malaysia Cybersecurity Industry
The Malaysian cybersecurity market is moderately consolidated, with the presence of a few major companies. The companies continuously invest in strategic partnerships and product developments to gain market share. Some of the recent developments in the market are:
In April 2022, A partnership between IBM Malaysia Sdn Bhd and Tech Mahindra was finalized to increase the cybersecurity services available to Malaysian businesses, including managing security compliance and enhancing commercial information systems. Tech Mahindra and IBM will co-develop cutting-edge goods and services and improve current ones as part of this collaboration. These solutions include Guardium, Cloud Pak for Security, and QRadar XDR (threat detection and response).
In February 2022, To raise awareness among Malaysian businesses about the value of protecting mobile applications and Internet of Things systems, SecIron and Cybersecurity Malaysia (CSM) have formed a strategic partnership. Section and CSM will collaborate closely to promote industry best practices for businesses to lessen the effects of cyberattacks and raise awareness about mobile application security and data protection.
Malaysia Cybersecurity Market Leaders
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LGMS
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Wizlynx Group
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Securemetric
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Akati Sekurity
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IBM Corporation
*Disclaimer: Major Players sorted in no particular order
