PwC named a Leader in the IDC MarketScape: Asia/Pacific Cloud Security Services 2023– 2024

Hong Kong, 27 December 2023 – PwC is a leader in the IDC MarketScape: Asia/Pacific Cloud Security Services 2023– 2024 Vendor Assessment (November 2023, IDC #AP50426823).

The report states, ‘Customers choose PwC because of its robust security credentials, end-to-end cloud security capabilities, and value-added services such as knowledge transfer, thought leadership, and customer relationship management. PwC's strengths extend to optimization, in which it excels in assisting with regular reviews and process optimization to maximize the value of cloud investments.’

Kenneth Wong, PwC Mainland China and Hong Kong Cybersecurity and Privacy Leader, said, ‘According to 2023 Global Digital Trust Insights Survey – China report published by PwC, 44% of Chinese business leaders believe cloud-based pathways can be targeted as access by adversaries, higher than global 38%. With cloud services widely applied in the booming digital economy, it’s essential for organisations to encounter cyber threats from cloud with prospect and efficiency through higher digital agility and flexible operating model. We’re honoured to be the only cloud security services vendor in the Leader category in China per the IDC report and will continue to work with our clients to take initiatives in digital economy.'

Kok Tin Gan, PwC Hong Kong Cybersecurity and Privacy Partner, added, ‘Cloud security services is a tremendous opportunity for us to deliver sustained outcomes to our clients. Hong Kong as one of the financial centres is actively integrating national policy of developing digital economy while coordinating Mainland organisations on cyber security. The recognition by IDC MarketScape truly testified our dedication and professional knowledge in the process.'  

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About IDC MarketScape

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of suppliers in a given market. The research methodology utilizes 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 vendors can be meaningfully compared. The framework also provides buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective.