DUBLIN, July 27, 2021--(BUSINESS WIRE)--The "Thailand Managed Security Services Market, By Security Type, By Deployment Mode, By Organization Size, By End User Industry, By Region, Competition, Forecast & Opportunities, 2016-2026" report has been added to ResearchAndMarkets.com's offering.
The Thailand Managed Security Services Market stood at USD 233.36 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 the 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
Thailand Managed Security Services Market, By Security Type:
Thailand Managed Security Services Market, By Deployment Mode:
Thailand Managed Security Services Market, By Organization Size:
Thailand Managed Security Services Market, By End-User Industry:
IT & Telecommunication
Energy & Utilities
Thailand Managed Security Services Market, By Region:
Rest of the Thailand
Company Profiles: Detailed analysis of the major companies present in the Thailand Managed Security Services Market.
Seagate Technology (Thailand) Ltd
Vicon Industries, Inc
Burgees Computer Decisions, Inc (BCDVideo)
Dahua Technology (Thailand) Co, Ltd
Teledyne FLIR LLC
HID Global Corporation
Fujitsu (Thailand) Co Ltd
Hangzhou Hikvision Digital Technology Co, Ltd
I-secure co Ltd
Datapro Computer Systems Co Ltd
For more information about this report visit https://www.researchandmarkets.com/r/wnhs5f
View source version on businesswire.com: https://www.businesswire.com/news/home/20210727005647/en/
Laura Wood, Senior Press Manager
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