There are 3 Companies in Cambodia
that provide Security Services!

Cambodia’s Information Technology (IT) sector has a promising future with its talented youth and is poised to become the largest export industry in the country, according to Cambodia High Commissioner to the UK. 

Based on this information, it is also important to mention that the average salary in the IT industry in Cambodia is estimated at around 378 USD/mo, making the country one of the most accessible and competitive in the region in terms of prices. 

Based on a report from the State Bank of Cambodia, the IT industry value is set to grow double in 2020, making a progress from $3,5 bn in 2019 to $7 bn. USD. 

Why working with Cambodian IT companies

Cambodian IT companies and web agencies are in the full development process and promoting their services mainly to foreign clients using the latest technologies. Even though Cambodia is probably the newest player in the IT sector in the region, it revealed it has huge capacities with a number of tech startups and new web agencies that continue to grow. In this way, there are more than 1500 IT companies in Cambodia with 10,000 professionals enrolling in the sector each year. 

What to be aware of when working with CambodianIT companies

The relatively low number of IT companies in Cambodia is motivated by two factors: First, as mentioned previously is that the web agencies based in Cambodia are new in the region and are in full development and promotion process. The second reason is that professionals in the country are focused more on freelancing than entering a corporate environment and developing a digital business system - based on a report from the NY Times. 

Considering both indicators, it should be noted that the Cambodia-based companies don’t have rich experience on the market and thus, a developed-business culture which may be a challenge for potential foreign clients. 

How reliable are IT companies from Cambodia

The young and inexperienced behavior of Cambodia-based IT companies and web agencies is compensated by the high capacity and low prices on the market that they can provide. This makes Cambodia-based companies and web agencies, but as well as freelancers to have a balanced reputation on the global market, making the selection process easier for potential clients. 

How the Cambodian IT Industry relates to the neighboring countries

Cambodia is trying to make its place in the global setup. Perhaps, this is the reason why the country’s freelancers offer rates 30% to 50% less than the ones offered in India.

According to NASSCOM, India’s IT market size is $150 billion while Cambodia’s is just $3.5 billion. While India’s population is seven times higher, their investment in the startups’ ratio is also 30 times greater.

The ratio of the size of the economy is 1:10 while the market size of startups is 1:100.  This can be improved as Cambodia’s startups market can grow up to 5 times

The Global Competitiveness Index and Ease of Doing Business Index of Cambodia show that the country has some giant strides to make. India has 6 big IT companies and every company has at least a $10-billion revenue a year. Google, IBM, and Microsoft have their local office in India, promoting the country’s industry through research and development.

On the other hand, Cambodia has not seen business tycoons venture into the IT industry. Cambodian businessmen love to invest in real estate and gold.

The ICT Industry in Cambodia in 2022

2022 comes with new development opportunities for the Cambodian ICT sector. The country struggles to attract BigTech companies and their investments in the hope to boost the economy and diminish the country-wide poverty issues. Among the measures, Cambodia launched several economic forums in late 2021 that will hopefully get a long-term result for the FinTech sector.

Security service is when a company contracts with a third-party service provider to manage its IT security - from monitoring and detection to incident response. This service can free up internal IT staff to focus on other priorities and give them the opportunity to access the latest security technologies and expertise.

The global managed security services market size is estimated to reach $87.5 billion by 2030. This growth can be explained by the increasing number of cyber-attacks, the increasing complexity of IT infrastructure, and the need for organizations to improve their security.

So, security service is a good option for businesses that:

• Do not have the in-house expertise to manage their own security

• Want to free up their IT staff to focus on other priorities

• Are looking for a cost-effective way to improve their security posture

Key benefits of security service are:

• Reduced costs

• Increased efficiency

• Improved security posture

• Reduced risk of data breaches

Before choosing a security solution provider it is important to take into consideration their experience and expertise, the specific security service they offer, pricing,  track record of success, and customer support. 

At the same time, the security provider you need depends on the size and complexity of your IT environment, as well as the specific security risks that you face. Assure that you have a clear understanding of the provider's security capabilities and limitations before you sign a contract.

Considering these factors, you’ll choose a security company that will improve your IT security posture and protect your business from cyberattacks.

There are more than 552 companies, on the TechBehemoths platform that can improve your company's security posture. Feel free to contact them. Explore their profiles, reviews, prices, and portfolios and make the best choice. To narrow the result you can use fiter. Or, you may submit your project and our team will choose the most suitable companies that fit your needs.

To know more about what are the main risks that IT businesses face and what are the most common types of cyber attacks we invite you to visit our blog.