Market Insights Technology Cybersecurity Cyber Solutions

Network Security - Thailand

Thailand

The Network Security market in Thailand is expected to witness significant growth in the coming years.
According to projections, the revenue of this market is set to reach US$121.10m in 2024.
This indicates a positive trend and reflects the country's increasing focus on cybersecurity.
Furthermore, the Network Security market in Thailand is anticipated to experience a steady annual growth rate (CAGR 2024-2029) of 10.82%.
By 2029, the market volume is estimated to expand to US$202.40m.
These figures demonstrate the potential for substantial development in the country's network security sector.
Additionally, it is worth noting that the average Spend per Employee in the Network Security market is projected to reach US$3.01 in 2024.
This highlights the importance that organizations in Thailand are placing on investing in robust cybersecurity measures to protect their networks and data.
In terms of global comparison, it is expected that United States will generate the highest revenue in the Network Security market.
In 2024, the revenue United States is forecasted to reach a staggering US$10,830.0m.
This highlights the significant scale of the market United States and the vast opportunities it presents for businesses operating in the network security sector.
Overall, the Network Security market in Thailand holds promising prospects for growth, and the projected revenue figures indicate the increasing importance of cybersecurity in the country.
With the ever-evolving digital landscape, organizations in Thailand must prioritize network security to safeguard their operations and data.
The network security market in Thailand is experiencing significant growth due to increased cyber threats and government initiatives to strengthen digital infrastructure.

Key regions: United States, Germany, Saudi Arabia, Brazil, Chile

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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.