Thailand Managed Security Services Market 2016-2030 By Size, Share, Trends, Growth, Forecast | TechSci Research

Summary

Report Description

Thailand managed security services market stood at USD233.36 million in 2020 and is forecast to grow at a CAGR of over 9.02% until 2026. Growth in the managed security services market is driven by the rapid increase in the need for managed detection and response capabilities which is driving the managed security systems in Thailand. Integration of technologies such as Artificial Intelligence (AI) and Machine Learning (ML) in security events is expected to act as a catalyst for the growth of managed security services market in Thailand.

Based on security type, the market can be segmented into Network Security, Endpoint Security, Application Security, Cloud Security and Others. Network Security type dominated the market in 2020 as this type of security system helps to reduce the risk associated with data theft and sabotage. Moreover, network security helps to protect workstations from harmful spyware and ensures that shared data is kept secure, thereby, contributing to the significant share of the segment in the Thailand managed security services market.

Based on deployment mode, the market can be bifurcated into on-premise and cloud. The cloud segment dominated the Thailand managed security services market in 2020 with a share of 57.08% because majority of data and information are being stored in cloud nowadays due to requirement of advanced cloud security. Therefore, organizations are outsourcing the tedious but sensitive workload of cybersecurity to dedicated and expert organizations via cloud deployment.

Based on end user industry, the market can be segmented into BFSI, IT & Telecommunication, Energy & Utilities, Healthcare, Manufacturing, Government & Defense, and Others. BFSI segment dominates the Thailand managed security services market primarily due to the critical and sensitive nature of data & information stored and operated in the BFSI sector. Moreover, to safeguard its crucial assets, the banking and financial industry needs a robust security system that is backed by continuous monitoring.

On the basis of region, Bangkok held the largest share in the Thailand managed security services market in 2020 with a share of 32.52% owing to increasing investment in the technology sector and increased investment in infrastructure projects. The region is expected to maintain the market dominance during the forecast period owing to the presence of major players and large urban population in the region.

Some of the major players in the Thailand managed security services market are Seagate Technology (Thailand) Ltd., Vicon Industries, Inc., BCDVideo, Dahua Technology (Thailand) Co., Ltd., Teledyne FLIR LLC, IDIS. Ltd., HID Global Corporation, Fujitsu (Thailand) Co.,LTD, etc. These companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021E

Forecast Period: 2022-2026F

Objective of the Study:

To analyze the historical growth in the market size of Thailand Managed Security Services Market from 2016 to 2020.
To estimate and forecast the market size of the Thailand Managed Security Services Market from 2021 to 2026 and growth rate until 2026.
To classify and forecast Thailand Managed Security Services Market based on security type, deployment mode, organization size, end user industry, company and regional distribution.
To identify the dominant region or segment in the Thailand Managed Security Services Market.
To identify drivers and challenges for Thailand Managed Security Services Market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Thailand Managed Security Services Market.
To identify and analyze the profile of leading players operating in the Thailand Managed Security Services Market.
To identify key sustainable strategies adopted by market players in the Thailand Managed Security Services Market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of Thailand Managed Security Services Market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

· Managed security service providers, vendors and other stakeholders

· Organizations, forums and alliances related to Managed Security Services

· Government bodies such as regulating authorities and policy makers.

· Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, the Thailand Managed Security Services Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Thailand Managed Security Services Market, By Security Type:

o Network Security

o Endpoint Security

o Application Security

o Cloud Security

o Others

Thailand Managed Security Services Market, By Deployment Mode:

On-Premise
Cloud

Thailand Managed Security Services Market, By Organization Size:

Large Enterprises
SMEs

Thailand Managed Security Services Market, By End User Industry:

BFSI

o IT & Telecommunication

o Energy & Utilities

o Healthcare

o Manufacturing

o Defense

o Others

Thailand Managed Security Services Market, By Region:

o Bangkok

o Eastern

o Northeastern

o Southern

o Northern

o Rest of the Thailand

Competitive Landscape:

Company Profiles: Detailed analysis of the major companies present in the Thailand Managed Security Services Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of content

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Thailand Managed Security Services Market

4. Executive Summary

5. Voice of Customer

5.1. Factors Considered While Purchasing a Service

5.2. Factors Driving Adoption of Managed Security Services

5.3. Customer Satisfaction

5.4. Challenges Faced in Managed Security Services

5.5. Factors Deterring Adoption Rate of Managed Security Service

6. Thailand Managed Security Services Market Outlook

6.1. Market Size & Forecast

6.1.1.By Value

6.2. Market Share & Forecast

6.2.1.By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security, Others)

6.2.2.By Deployment Mode (On-Premise v/s Cloud)

6.2.3.By Organization Size (Large Enterprises v/s SMEs)

6.2.4.By End User Industry (BFSI, IT & Telecommunication, Energy & Utilities, Healthcare, Manufacturing, Defense, Others)

6.2.5.By Region

6.2.6.By Company (2020)

6.3. Product Market Map

7. Thailand Network Security Market Outlook

7.1. Market Size & Forecast

7.1.1.By Value

7.2. Market Share & Forecast

7.2.1.By Type

7.2.2.By Deployment Mode

7.2.3.By Organization Size

7.2.4.By End User Industry

8. Thailand Endpoint Security Market Outlook

8.1. Market Size & Forecast

8.1.1.By Value

8.2. Market Share & Forecast

8.2.1.By Type

8.2.2.By Deployment Mode

8.2.3.By Organization Size

8.2.4.By End User Industry

9. Thailand Application Security Market Outlook

9.1. Market Size & Forecast

9.1.1.By Value

9.2. Market Share & Forecast

9.2.1.By Type

9.2.2.By Deployment Mode

9.2.3.By Organization Size

9.2.4.By End User Industry

10. Thailand Cloud Security Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Deployment Mode

10.2.3. By Organization Size

10.2.4. By End User Industry

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Policy & Regulatory Landscape

14. Thailand Economic Profile

15. Competitive Landscape

15.1. Seagate Technology (Thailand) Ltd.

15.2. Vicon Industries, Inc.

15.3. Burgees Computer Decisions, Inc. (BCDVideo)

15.4. Dahua Technology (Thailand) Co., Ltd.

15.5. Teledyne FLIR LLC

15.6. IDIS. Ltd.

15.7. HID Global Corporation

15.8. Fujitsu (Thailand) Co. Ltd.

15.9. Hangzhou Hikvision Digital Technology Co., Ltd.

15.10. I-secure co. Ltd.

15.11. Datapro Computer Systems Co. Ltd.

15.12. CAT Cyfence

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Figure 1: Thailand Managed Security Services Market Size, By Value (USD Million), 2016-2026F

Figure 2: Thailand Managed Security Services Market Share, By Security Type, By Value, 2016-2026F

Figure 3: Thailand Managed Security Services Market Share, By Deployment Mode, By Value, 2016-2026F

Figure 4: Thailand Managed Security Services Market Share, By Organization Size, By Value, 2016-2026F

Figure 5: Thailand Managed Security Services Market Share, By End User Industry, By Value, 2016-2026F

Figure 6: Thailand Managed Security Services Market Share, By Region, By Value, 2016-2026F

Figure 7: Thailand Managed Security Services Market Share, By Company, By Value, 2016-2026F

Figure 8: Thailand Managed Security Services Market Map, By Security Type, Market Size (USD Million) & Growth Rate (%)

Figure 9: Thailand Managed Security Services Market Map, By Deployment Mode, Market Size (USD Million) & Growth Rate (%)

Figure 10: Thailand Managed Security Services Market Map, By Organization Type, Market Size (USD Million) & Growth Rate (%)

Figure 11: Thailand Managed Security Services Market Map, By End User Industry, Market Size (USD Million) & Growth Rate (%)

Figure 12: Thailand Managed Security Services Market Map, By Region, Market Size (USD Million) & Growth Rate (%)

Figure 13: Thailand Network Security Market Size, By Value (USD Million), 2016-2026F

Figure 14: Thailand Network Security Market Share, By Type, By Value (USD Million), 2016-2026F

Figure 15: Thailand Network Security Market Share, By Deployment Mode, By Value, 2016-2026F

Figure 16: Thailand Network Security Market Share, By Organization Size, By Value, 2016-2026F

Figure 17: Thailand Network Security Market Share, By End User Industry, By Value, 2016-2026F

Figure 18: Thailand Endpoint Security Market Size, By Value (USD Million), 2016-2026F

Figure 19: Thailand Endpoint Security Market Share, By Type, By Value, 2016-2026F

Figure 20: Thailand Endpoint Security Market Share, By Deployment Mode, By Value, 2016-2026F

Figure 21: Thailand Endpoint Security Market Share, By Organization Size, By Value, 2016-2026F

Figure 22: Thailand Endpoint Security Market Share, By End User Industry, By Value, 2016-2026F

Figure 23: Thailand Application Security Market Size, By Value (USD Million), 2016-2026F

Figure 24: Thailand Application Security Market Share, By Type, By Value, 2016-2026F

Figure 25: Thailand Application Security Market Share, By Deployment Mode, By Value, 2016-2026F

Figure 26: Thailand Application Security Market Share, By Organization Size, By Value, 2016-2026F

Figure 27: Thailand Application Security Market Share, By End User Industry, By Value, 2016-2026F

Figure 28: Thailand Cloud Security Market Size, By Value (USD Million), 2016-2026F

Figure 29: Thailand Cloud Security Market Share, By Type, By Value, 2016-2026F

Figure 30: Thailand Cloud Security Market Share, By Deployment Mode, By Value, 2016-2026F

Figure 31: Thailand Cloud Security Market Share, By Organization Size, By Value, 2016-2026F

Figure 32: Thailand Cloud Security Market Share, By End User Industry, By Value, 2016-2026F

Frequently asked questions

What are the primary drivers of the Thailand managed security services market?

Rising demand for advanced security services and an increase in investments for the development of IT infrastructure by organizations are driving the demand of the Thailand managed security services market in the forecast period.

Who are the leading operating market players in the Thailand managed security services market?

Seagate Technology, BCDVideo, Vicon Industries, Dahua Technology Ltd, FLIR Systems, IDIS, HID Global, Vanderbilt Industries, Hikvision, Alkia IT SERVICES Co., DCS, and i-secure Co., Ltd are the major market players operating in the Thailand managed security services market.

What are the challenges faced by Thailand managed security services market in the forecast period?

Data security concerns and the risk of cyberattacks may hinder the growth of Thailand managed security services market in the forecast period.

Which deployment mode is expected to lead the Thailand managed security services market in the forecast period?

Based on deployment mode, the market is divided into on-premise and cloud. The cloud segment is expected to account for a significant market share in the forecast period as they eliminate the need for maintenance and capital costs for an organization.

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Press Release

Thailand Managed Security Services Market to Surpass USD394.84 Million until 2026

Jul, 2021

The increasing demand for cybersecurity to act as a catalyst for the sophisticated form of security services such as managed security services in Thailand, driving the growth of Thailand managed secu

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