Published: December 2020 Published: April March 2021 2021 Published: June 2021 Published: June 2021
2015 – 2025 FY2017 –2026F FY2027 2016 2016––2026F AUSTRALIA & THAILAND ESCALATORS MANAGED SECURITY ELEVATORS MARKET-FORECAST FORECAST&& SERVICES MARKETOPPORTUNITIES OPPORTUNITIES www.techsciresearch.com www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING
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Ta b l e o f C o n t e n t s S. No.
Contents
1.
Product Overview
2.
Research Methodology
3.
Impact of COVID-19 on Thailand Managed Security Services Market
4.
Executive Summary
5.
Voice of Customer
6.
6.2.
Factors Considered While Purchasing a Service
6.2.
Factors Driving Adoption of Managed Security Services
6.2.
Customer Satisfaction
6.2.
Challenges Faced in Managed Security Services
6.2.
Factors Deterring Adoption Rate of Managed Security Service
Thailand Managed Security Services Market Outlook 6.1.
Market Size & Forecast
6.1.1. 6.2.
6.3.
By Value
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)
Product Market Map
© TechSci Research
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Ta b l e o f C o n t e n t s S. No. 7.
Contents Thailand Network Security Market Outlook 7.1.
Market Size & Forecast 7.1.1.
7.2.
8.
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
Thailand Endpoint Security Market Outlook 8.1.
Market Size & Forecast 8.1.1.
8.2.
9.
By Value
By Value
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
Thailand Application Security Market Outlook
9.1.
Market Size & Forecast 9.1.1.
9.2.
By Value
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 © TechSci Research
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Ta b l e o f C o n t e n t s S. No. 10.
Contents Thailand Cloud Security Market Outlook 7.1.
Market Size & Forecast 7.1.1.
7.2.
11.
By Value
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
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 Indutries, Inc.
15.3.
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. © TechSci Research
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Ta b l e o f C o n t e n t s S. No.
Contents 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
© TechSci Research
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Product Overview
Product Overview Scope of Interest: Managed Security Services
Managed Security Services (MSS) refer to the network security services which are either hosted on premise or outsourced to a Managed Security Service Provider (MSSP) by an organization. MSS offers methodological approach to manage the security needs of an organization by taking into consideration the security monitoring, compliance, regulation and management requirements of an organization. Market Segmentation THAILAND MANAGED SECURITY SERVICES MARKET
BY SECURITY TYPE
BY DEPLOYMENT MODE
•
Network Security
•
Endpoint Security
•
On-Premise
•
Application Security
•
Cloud
•
Cloud Security
•
Others
BY REGION
Review Period
BY ORGANIZATION SIZE •
Large Enterprises
•
SMEs
•
Bangkok
•
Eastern
•
Northeastern
•
Southern
•
BFSI
•
Northern
•
IT & Telecommunication
•
Energy & Utilities
•
Healthcare
•
Manufacturing
•
Defense
•
Others
•
Rest of the Thailand
Year Range
BY END USER INDUSTRY
2016 – 2019 Base Year
2020 Estimated Year
2021 Forecast Period
2022 – 2026
© TechSci Research
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Product Overview •
Managed Security Services offers diverse user specific services such as Firewall Management, Endpoint Security, Intrusion Prevention & Detection System (IPS & IDS), Distributed Denial of Services (DDoS) and Others.
•
Demand for Managed Security Services is expected to increase over the coming years, owing to the ongoing digital transformation, rapid SMACT (Social, Mobile, Analytics, Cloud & IoT) technologies adoption and emerging Bring your own device (BYOD) & mobility trends, resulting in growing complexities pertaining to data security, network infrastructure, security regulation & compliance, coupled with rising demand to reduce CAPEX & OPEX expenditure.
•
The adoption of Managed Security Services is increasing across the government sector, BFSI, oil & gas, IT & Telecom and other sectors, majorly attributed to the availability of security services at dynamic pricing options, offering risk prediction, mitigation and user behavior analysis capabilities.
Managed Security Services Next Gen Cyber Security Services
Managed IPS/IDS Managed Network, Application, Firewall
Managed Security Services
Endpoint Threat Detection & Management
Forensic Analysis Threat Hunting Threat Intelligence Cyber Security Lab Cloud & IoT Security
Security Incident & Event Management Source: TechSci Research
© TechSci Research
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Product Overview Managed Security Services Business Digitization SMACT Adoption Emerging Trends - BYOD, SDN, NFV
Complex IT Environment Vulnerable Network Infrastructure
High CAPEX/OPEX Lack of Skilled IT Resources
Managed Security Services Cybercrimes (Organized, Cyberattacks, Transactional Frauds, Identity Theft, Data Forgery)
Unified Endpoint Security Risk Mitigation & Vulnerability Management Compliance Management Service Quality Assurance User Convenience and Affordability
Outsourcing the Organization's Security Needs Source: TechSci Research © TechSci Research
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Product Overview Managed Security Services, By Application
Firewall Identity Management SSL Encryption Compliance Management
Physical Security Data Centre Management Security Operation Center
People
Data
Infrastructure
Applications
Intrusion Prevention & Detection Distributed Denial of Services
Endpoint Management Secured Information & Event Management (SIEM)
Source: TechSci Research
© TechSci Research
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Product Overview Managed Security Services, By End User Industry
Government
Identity Access Management Vulnerability Management Risk Prediction & Mitigation Unified Endpoint Management
BFSI Oil & Gas
Mobile and E-Governance Centralized Information Management & Storage Regulatory & Compliance Management
IT & Telecom Others
Asset Management Operations & Maintenance Field Workforce Mobility Real Time Data Capture & Analysis
Physical Security IT & Network Infrastructure Management Legal & Regulatory Compliance Education-Mobile Education Defense- Border Management Advanced Threat Investigation Manufacturing- Remote Monitoring Source: TechSci Research
© TechSci Research
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Product Overview Managed Security Services, By Major Type Managed Intrusion Detection System (IDS) and Intrusion Prevention System (IPS)
Managed IDS and IPS across the end user sectors of Government, BFSI, and IT & Telecom promotes digitization and mobile empowerment among the citizens of the country.
Expert Signature Tuning & Device Management
Integrated Counter Threat Unit Intelligence
Unlimited and Unmetered Expert Support
Regulatory Compliance
Advanced Intelligence to Bolster Security
Source: TechSci Research
Managed Firewall Security
Threat Protection Regulatory Compliance BFSI Real Time Access Customizable Reporting Firewall Log Access Prevention Email Security Web Security
Retail
Government Education
m governance Access Management Network Security
Mobile Education Browsing Management
Source: TechSci Research
© TechSci Research
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Product Overview Managed Security Services, By Major Type Security Information and Event Management (SIEM) Architecture
Event Data
Devices Operating System Applications Database
Data Collection & Normalization
User and Entity Behavior Analytics (UEBA) Security Orchestration and Automated Response (SOAR) Log Forensics Event Correlation & Alerting
System Output
System Input
Contextual Data
Asset Information User Data Vulnerability Scans Threat Intelligence
Correlation Aggregation Logic Rules
Analysis Reporting Documentation Real Time Monitoring Source: TechSci Research
Managed Endpoint Security
Sector wide adoption of BYOD policies are expected to drive the growing demand for Managed Endpoint Security in Thailand over the coming years.
Data Protection
Reporting & Dashboard
Device Identity Endpoint Security Management
Audit & Compliance Enforcement
Application & Spyware Blocking
• • • • •
Connection Control Management
Lifecycle Management Fault Management Change Management Service Management & Reporting Performance Reporting
Source: TechSci Research © TechSci Research
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Research Methodology
Research Methodology
Market Profiling
In-depth secondary research was conducted to determine top players, overall market size and segmental market size in Thailand managed security services market.
Formulating Questionnaire
In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide.
Developing List of Respondents
List of industry players and industry specialists was developed.
TechSci conducted interviews with industry experts and industry players for data collection and verification.
Primary Research
Data Collection
Data Filter & Analysis
Research & Intelligence
Actionable Insights
Business Solution
Primary Research ✓ LinkedIn ✓ TechSci Internal Database
Data Validation
Data Collection
✓ Identifying Key Opinion Leaders ✓ Questionnaire Design ✓ In-depth Interviews
Secondary Research ✓ Company Websites ✓ Company Annual Reports ✓ White Paper Study ✓ Financial Reports ✓ Investor Presentations ✓ Regulatory Body
Data obtained as a result of primary and secondary research was validated through rigorous triangulation.
Desk Research ✓ Recent Developments ✓ Market Changing Aspects/Dynamics ✓ Government Policies ✓ Conclusion
Data Analysis
The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about Thailand managed security services market.
Company Analysis ✓ Market Participants ✓ Key Strengths
Paid Sources
✓ Factiva ✓ Hoovers
© TechSci Research
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Research Methodology Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the Thailand managed security services market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors
and speculated a robust growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the Thailand managed security services market.
Methodology Followed for Calculation of Market Size:
Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders and industry experts.
The team interviewed more than 20 companies, 50 industry experts and other value chain stakeholders in the Thailand managed security services market to obtain the overall market size during 2016-2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2016-2020.
© TechSci Research
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Research Methodology Respondents were asked about the current and future market growth rates, as well as market shares by security type, by deployment mode, by organization size, by end user industry, by region, and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the component.
Methodology Followed for Calculation of Market Shares:
Market shares by security type, by deployment mode, by organization size, by end user industry, by region, and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading managed security services players. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies operating in the Thailand managed security services market.
Methodology Followed for Forecasting:
TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results in SPSS/Tableau Software.
© TechSci Research
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Research Methodology
Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast
the Thailand managed security services market, TechSci Research used various forecast techniques such as: o
Moving Average
o
Time Series Analysis
o
Regression Analysis
o
Econometric and Judgmental Analysis
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze market demand scenario. Partial List of Companies Interviewed
Partial List of Secondary Sources
Seagate Technology, BCDVideo, Vicon Industries, Dahua Technology Ltd, HID Global, CAT Cyfence, Datapro Computer Systems Co.LTD., I-secure co. ltd., among others Company Annual Reports, Press Releases, Industry Magazines, Industry Reports, Company Websites, TechSci Research Proprietary Database & Knowledge Repository, etc.
*Note: Sum of some shares may not be 100% due to round off till two decimal places.
© TechSci Research
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Industry Brief According to TechSci report on, “Thailand Managed Security Services Market, By Security Type (Network Security, Endpoint Security, Application Security, Cloud Security, Others), By Deployment Mode (On-Premise, Cloud), By Organization Size (Large Enterprise, SMEs), By End User Industry (BFSI, IT & Telecommunication, Energy & Utilities, Healthcare, Manufacturing, Government & Defense, Others), By Region, Competition, Forecast & Opportunities, 2016-2026”, Thailand Managed Security Services Market was valued at USD233.36 million in 2020 and is projected to grow at CAGR of around 9% during the forecast period predominantly due to increasing demand for cybersecurity and Advancement of Technology. Thailand Managed Security Services Market is segmented on the basis of security type, deployment mode, organization size, end user industry, and region. Based on security type, the market can be categorized into network security, endpoint security, application security, cloud security. Among them, the application security segment dominated the market with share of 31.40% in 2020 and is expected to continue its dominance during the forecast period as well. This growth can be attributed to increased demand of the product and government policies. The government initiatives in Thailand are also likely to impact the Thailand managed security services market until 2026F. The Thailand managed security services market is anticipated to demonstrate healthy growth during the forecast period owing to increasing demand for cybersecurity, advancement of technology in the country and supportive government initiatives. Additionally, rapid increase in the need for managed detection and response capabilities is driving the demand for managed security systems in Thailand. The increasingly sophisticated forms of cyber crimes are expected to drive the managed security services market in Thailand in the forecast period. The level of expertise required to tackle cyber defence is increasing. The in-house teams are finding it difficult to tackle new challenges and therefore security services are being outsourced in order to focus on core competencies. The companies find it more suitable to outsource complex solutions to managed security service providers who are already protecting hundreds or thousands of clients from all types of cyber attacks. Based on deployment mode, the cloud segment has dominated the market with share of 57.08% in 2020. The cloud mode is gaining traction and is expected to dominate the managed security services market in Thailand by 2026 as it requires less investment compared to onpremises services. Managed Security Services Providers (MSSPs) monitor and manage the security solutions, systems, and processes of a company via cloud. Additionally, increasing data and information is being stored in cloud that demands advanced cloud security. Therefore, organizations are outsourcing the tedious but sensitive workload of cybersecurity to dedicated and expert organizations via cloud. MSSPs mainly prefer to deliver AI-based security services including virus and spam blocking, intrusion detection, firewalls and virtual private network (VPN) management through cloud. They also handle matters such as system changes, modifications and upgrades. Based on organization size, the Thailand managed security services market is segmented into large enterprises and Small & Medium Enterprises (SMEs). Here, large enterprises hold a dominant share in the market. Enterprises need to utilize managed security services for data integrity, privacy and to maintain sustainability in their business. BFSI is dominating the end-user segment in the Thailand Managed Security Service Market, accounting for a share of 19.97% in 2020. This is due to the critical and sensitive nature of data and 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. With an increase in the sophistication of cybercrimes, many credit unions at different levels have come under many phishing attacks in recent years. Also, cyber crimes with the intent of financial gains track and target the BFSI organizations. Additionally, IT & communication sector is also a major target end-user of the managed Security Services Market. The expertise of professionals backed by artificial intelligence to build a robust security foundation is attracting many IT & telecom companies towards managed security service providers. Seagate Technology (Thailand) Ltd., Vicon Indutries, Inc., BCDVideo, Dahua Technology (Thailand) Co., Ltd., Teledyne FLIR LLC, IDIS. Ltd., HID Global Corporation, Fujitsu (Thailand) Co.,LTD., Hangzhou Hikvision Digital Technology Co., Ltd., I-secure co. ltd, Datapro Computer Systems Co.LTD., CAT Cyfence and others operating in Thailand Managed Security Services Market. These market players are focusing more on strategic partnerships to expand their reach and maintain their competitive position in the market. “The increasing demand for cybersecurity will act as a catalyst for the sophisticated form of security services such as managed security services in Thailand. The pandemic has prompted large Thai organizations to shift to a remote working model which has increased the risk of cyber-attacks and security incidents. Therefore, to step up their preventive measures and increase cybersecurity capabilities at the highest level they have invested huge amounts in ensuring cybersecurity. In 2020, despite tight budgets due to the pandemic, investment in IT and cybersecurity systems continuously increased in Thailand due to the accelerated digital transformations and changes in cyber-attack patterns.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. © TechSci Research
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Sample Data - Snapshot Thailand Managed Security Services Market Size, By Value (USD Million), 2016-2026F CAGR 2016-2020 By Value: xx%
2016
2017
2018
CAGR 2021E-2026F By Value: xx%
2019
2020
2021E
2022F
2023F
2024F
2025F
2026F
Value (USD Million)
Thailand Network Security Market Share, By Type, By Value, 2016-2026F
2016
2017
2018
2019
2020
2021E
2022F
2023F
2024F
2025F
2026F
Identity and Access Management 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% Firewall
30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Unified Threat Management
20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Others
10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% Thailand Cloud Security Market Share, By Deployment Mode, By Value, 2016-2026F
2016
2017
2018
2019
2020
2021E
2022F
2023F
2024F
2025F
2026F
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
60.00%
On-Premise 40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
40.00%
Cloud
© TechSci Research
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About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The
proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
