Market Insights Technology Cybersecurity Cyber Solutions

Data Security - Thailand

Thailand

The Data Security market in Thailand is expected to witness a significant growth in the coming years.
According to projections, the revenue in this market is estimated to reach US$8.44m in 2024.
This indicates a promising future for the Data Security market sector in the country.
Furthermore, the market is anticipated to experience a steady annual growth rate of 11.84% from 2024 to 2029.
By the end of this period, the market volume is expected to reach US$14.77m.
This signifies a substantial expansion in the Data Security market in Thailand.
In terms of Spend per Employee, the average projected value for 2024 is US$0.21.
This metric serves as a valuable indicator of the level of investment and commitment towards Data Security market within organizations operating in Thailand.
When compared globally, it is worth noting that United States is projected to generate the highest revenue in the Data Security market.
In 2024, the revenue United States is forecasted to reach an impressive US$2,891.0m.
This highlights the strong presence of the Data Security market sector United States.
Overall, these numbers demonstrate the potential and importance of the Data Security market in Thailand, as well as the significant revenue generated United States.
Thailand is experiencing a growing demand for advanced encryption technologies to protect sensitive data from cyber threats.

Key regions: Brazil, Saudi Arabia, Chile, Germany, Belgium

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2C, B2B and B2G enterprises. Figures are based on security spending excluding VAT and the number of cyberattacks.

Modeling approach / Market size:

Market sizes are determined by a combined top-down and bottom-up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial statements of the market-leading companies and industry associations, national statistical offices, and specific countries’ security organizations (e.g., German Cyber Security Council, Canadian Centre for Cyber Security). Furthermore, we use relevant key market indicators and data from country-specific associations, such as GDP and internet penetration. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. Possible techniques are, for example, exponential trend smoothing and the autoregressive integrated moving average (ARIMA) forecasting algorithm. The main drivers are GDP, internet users, level of digitization, and consumer attitude towards data and IT security.

Additional notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.