Market Insights Technology Cybersecurity Security Services

Managed Services - Thailand

Thailand

In 2024, it is projected that the revenue in the Managed Services market in Thailand will reach US$40.23m.
Looking ahead, the market is expected to experience an annual growth rate of 3.42% (CAGR 2024-2029), resulting in a market volume of US$47.59m by 2029.
Furthermore, the average Spend per Employee in the Managed Services market in Thailand is projected to reach US$1.00 in 2024.
In a global comparison, it is worth noting that United States is anticipated to generate the highest revenue in the Managed Services market, with an estimated revenue of US$10,260.0m in 2024.
Thailand's Managed Services market is experiencing rapid growth, driven by increasing demand for outsourced IT solutions among local businesses.

Key regions: India, Germany, Canada, Europe, Belgium

Market

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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.