PwC has been named as a Leader in the IDC MarketScape: Asia/Pacific Professional Security Services - Advisory, Assessment, and Awareness 2020 Vendor Assessment (February 2020, IDC #AP45547920).
According to the report, “trade wars, pandemic health crisis, and political and environmental activism are all on the rise globally. With this backdrop, organisations and governments in the Asia/Pacific (APAC) region are now being exposed to hostile and complex cyber environments. Organisations, including government agencies and private enterprises, are experiencing heightened levels of cyberwarfare and cyberbullying under current uncertain political and economic environment.”
The report is based on IDC analysis and customer feedback and positions PwC in the Leaders category in the IDC MarketScape for Asia/Pacific Professional Security Services 2020 Vendor Assessment.
The authors of this IDC MarketScape report, Cathy Huang and James Sivalingam, say that: “PwC's Cybersecurity and Privacy (C&P) practice is structured as a horizontal business services platform, supporting PwC's advisory, assurance, and tax lines of business. The firm provides extensive professional security services. For instance its strategy, transformation, and risk offerings assist clients in developing business-focused, risk-informed strategies that support growth; and the privacy and consumer protection service helps clients understand how to use data life cycles to protect data, meet the privacy expectations of consumers, and prepare for and comply with privacy regulations.”
They go on to say that: “PwC's security offerings are brought to market primarily through industry sectors. It combines its industry and functional knowledge with information security, privacy, forensics, fraud management, risk strategy consulting, and regulatory compliance to deliver outcome-based services. Its business, experience, and technology (BXT) engagement philosophy that optimises design, delivery, and pricing options for the client is also leveraged in the security strategy and planning services. Not surprisingly, security strategy and planning offering is the firm's biggest revenue generator for its professional security services business in the APAC region.”
Commenting on PwC’s strengths, the report states that “At the strategy level, PwC's C&P practice continues to be one of the firm's most significant talent and technology investments as the firm continuously improves its services and offerings to reflect the maturity of the market with the aim of embedding security across all products and services. According to customer feedback, PwC's security professionals have exhibited deep technical and subject matter expertise. Besides technical expertise, its broader knowledge regarding the specific industry regulation, market, and business-centric thinking stands out. PwC assist clients in developing business-focused strategies that support growth by aligning security goals with business objectives, which is a major plus point.”
It also says: “PwC has a proven framework translating client business strategies into cybersecurity and privacy strategy, inclusive of talent and technology investments. By deploying relevant IP and toolsets, it accelerates time to value and scales the delivery. Its value proposition around data trust, for instance, enabling extraction of value from data throughout its life cycle in a secure, ethical, compliant, and automated way, acts a strong differentiator. Additionally, pricing inputs for all engagements are driven by client preferences, capabilities, capacities, and overall relationship value, ensuring high levels of customer experience and satisfaction.”
According to Paul O'Rourke, Partner, Cybersecurity and Privacy and Financial Services Market Leader, AP, "We are pleased to be recognised by the IDC MarketScape as a leader in one of the most strategic components of PwC's business in the Asia Pacific region. The findings in this report demonstrate the success of our Cybersecurity and Privacy platform, our IP-enabled cyber services, and our commitment to enabling secure business transformation, resilience and trust for our clients as we all navigate through change driven by the fourth industrial revolution. As important, the findings in this report make our teams proud to be recognized in this most critically important market that they serve.”
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.