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Thailand Managed Security Services Market

Publisher BlueWeave Consulting
Published Jul 17, 2023
Length 200 Pages
SKU # BLWC18132085

Description

Thailand Managed Security Services Market, By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security, Others); By Deployment Mode (On–Premises, Cloud); By Organization Size (Large Enterprises, SMEs); By End Users (BFSI, IT & Telecommunication, Energy & Utilities, Healthcare, Manufacturing, Defense, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2029


Thailand Managed Security Services Market Size Booming to Touch USD 478.6 Million by 2029

The Thailand managed security services market is gaining traction because of the growing use of internet of things (IoT) and a spurring demand for managed security services in small and medium–sized enterprises (SMEs).

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Thailand managed security services market size at USD 256.82 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Thailand managed security services market size to grow at an impressive CAGR of 9.30% reaching a value of USD 478.6 million by 2029. The use of emerging technologies like artificial intelligence (AI) and machine learning (ML) in business operations, together with an increase in new threats, governmental regulations, and the explosion of consumer data, are significant growth factors for the Thailand managed security services market.

Thailand Managed Security Services Market – Overview


Outsourced management and monitoring of security systems and devices is a feature of managed security services. Managed firewalls, intrusion detection systems, virtual private networks, vulnerability scans, and antiviral services are typical MSP services. A managed security service provider (MSSP) is a third party that offers its clients cybersecurity services. Managed services enable continuous network monitoring instead of outsourcing IT only when an issue arises. A managed service provider also takes care of all maintenance.

Thailand Managed Security Services Market – By Organization Size

Based on organization size, the Thailand managed security services market is segmented into large enterprises and SMEs. The large enterprises segment accounts for a higher market share. Large businesses tend to outsource services more frequently. Another significant factor fueling the market expansion is the increase in cyberattacks, which expose large corporations to unanticipated losses in revenue and reputation. However, SMEs are projected to register the highest growth rate during the forecast period owing to the increasing adoption of cloud computing among small organizations.

Impact of COVID-19 on the Thailand Managed Security Services Market

The COVID-19 pandemic boosted the growth of the Thailand managed security services market. According to a survey by PwC, the rise in remote working, digitization of business activities, and transition to online platforms caused a large increase in cyberattacks. It is advised that Thai businesses embrace cutting-edge cybersecurity measures in light of the rising danger of potential cyber threats in order to avoid being the next target of attackers. The need for managed security services is expected to increase among both SMEs and large companies as a result.

Competitive Landscape

Major players operating in the Thailand managed security services market include True IDC, CAT Telecom, Advanced Info Service (AIS), True Digital Security, KBTG, Jasmine International, Sify Technologies, TOT Public Company Limited, Cybersecurity Thailand, and Symantec.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Thailand Managed Security Services Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Thailand Managed Security Services Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

200 Pages
1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
2. Executive Summary
3. Thailand Managed Security Services Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing Cyber Threats
3.2.1.2. Growing Adoption of Cloud Computing
3.2.2. Restrains
3.2.2.1. High Cost of Managed Security Services
3.2.2.2. Lack of Awareness about Managed Security Services
3.2.3. Opportunities
3.2.3.1. Growth of the Internet of Things (IoT)
3.2.3.2. Growing Demand For Managed Security Services In Small And Medium–Sized Enterprises (SMEs)
3.2.4. Challenges
3.2.4.1. Increasing Sophistication of Cyberattacks
3.2.4.2. Lack of Standardization In Managed Security Services
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Thailand Managed Security Services Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
4.2.1. By Security Type
4.2.1.1. Network Security
4.2.1.2. Endpoint Security
4.2.1.3. Application Security
4.2.1.4. Cloud Security
4.2.1.5. Others
4.2.2. By Deployment Mode
4.2.2.1. On–Premises
4.2.2.2. Cloud
4.2.3. By Organization Size
4.2.3.1. Large Enterprises
4.2.3.2. SMEs
4.2.4. By End Users
4.2.4.1. BFSI
4.2.4.2. IT & Telecommunication
4.2.4.3. Energy & Utilities
4.2.4.4. Healthcare
4.2.4.5. Manufacturing
4.2.4.6. Defense
4.2.4.7. Others
5. Competitive Landscape
5.1. List of Key Players and Their Offerings
5.2. Thailand Managed Security Services Company Market Share Analysis, 2022
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid–19 on Thailand Managed Security Services Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
7.1. True IDC
7.2. CAT Telecom
7.3. Advanced Info Service (AIS)
7.4. True Digital Security
7.5. KBTG
7.6. Jasmine International
7.7. Sify Technologies
7.8. TOT Public Company Limited
7.9. Cybersecurity Thailand
7.10. Symantec
7.11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
9.1. Qualitative Research
9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
9.3.1. Secondary Research
9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents, By Region
9.5. Assumptions & Limitations
*Financial information of non–listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in–depth secondary research for the final deliverable.
List of Figures
Figure 1 Thailand Managed Security Services Segmentation
Figure 2 Thailand Managed Security Services Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Thailand Managed Security Services Market Size, By Value (USD Million), 2019–2029
Figure 5 Thailand Managed Security Services Market Share, By Security Type, By Value, 2019–2029
Figure 6 Thailand Managed Security Services Market Share, By Deployment Mode, By Value, 2019–2029
Figure 7 Thailand Managed Security Services Market Share, By Organization Size, By Value, 2019–2029
Figure 8 Thailand Managed Security Services Market Share, By End Users, By Value, 2019–2029
List of Tables
Table 1 Thailand Managed Security Services Market Size, By Value (USD Million), 2019–2029
Table 2 Thailand Managed Security Services Market Size, By Security Type, By Value, 2019–2029
Table 3 Thailand Managed Security Services Market Size, By Deployment Mode, By Value, 2019–2029
Table 4 Thailand Managed Security Services Market Share, By Organization Size, By Value, 2019–2029
Table 5 Thailand Managed Security Services Market Size, By End Users, By Value, 2019–2029
Table 6 True IDC Company Overview
Table 7 True IDC Financial Overview
Table 8 CAT Telecom Company Overview
Table 9 CAT Telecom Financial Overview
Table 10 Advanced Info Service (AIS) Company Overview
Table 11 Advanced Info Service (AIS) Financial Overview
Table 12 True Digital Security Company Overview
Table 13 True Digital Security Financial Overview
Table 14 KBTG Company Overview
Table 15 KBTG Financial Overview
Table 16 Jasmine International Company Overview
Table 17 Jasmine International Financial Overview
Table 18 Sify Technologies Company Overview
Table 19 Sify Technologies Financial Overview
Table 20 TOT Public Company Limited Company Overview
Table 21 TOT Public Company Limited Financial Overview
Table 22 Cybersecurity Thailand Company Overview
Table 23 Cybersecurity Thailand Financial Overview
Table 24 Symantec Company Overview
Table 25 Symantec Financial Overview
Table 26 Other Prominent Players Company Overview
Table 27 Other Prominent Players Financial Overview

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