Thailand IT & Security Market Analysis and Forecast, 2019-2028

Introduction

The Thailand IT & Security market has seen significant growth with a robust CAGR of 7.5% over the past few years due to the increasing demand for technology solutions to address security and privacy concerns. The market is expected to continue its upward trajectory as the adoption of technology continues to increase in the country.

The Thailand IT & Security market is expected to continue to grow in the coming years, driven by the increasing demand for technology solutions to address security and privacy concerns. The market is expected to benefit from the increasing adoption of technology and the growing awareness of cybersecurity threats. However, the high cost of solutions and the shortage of skilled professionals may limit the growth of the market.

Market Overview

The Thailand IT & Security market is segmented into various sub-segments, including network security, cloud security, identity and access management, and others. Network security has been a key focus area for organizations due to the growing threat of cyber-attacks. Cloud security has also gained importance due to the increasing adoption of cloud computing solutions. Identity and access management solutions are gaining popularity as organizations look to secure their sensitive data and systems.

Market Trends

Growing Adoption of Artificial Intelligence and Machine Learning: The integration of AI and machine learning into security solutions is driving growth in the market. AI-powered solutions can analyze large amounts of data and provide real-time insights to detect and prevent cyber-attacks.

Increased Demand for Mobile Security: With the growing use of mobile devices, the demand for mobile security solutions is increasing. Organizations are looking to secure their employees’ mobile devices and data to prevent data breaches and theft.

Growing Demand for Cloud Security: The growing adoption of cloud computing solutions is driving demand for cloud security solutions. Organizations are looking to secure their cloud-based systems and data to prevent cyber-attacks and data breaches.

Market Drivers

Growing Awareness of Cybersecurity Threats: Organizations are becoming more aware of the risks associated with cyber-attacks and are investing in IT & security solutions to mitigate these risks.

Increasing Adoption of Technology: The increasing adoption of technology in various industries is driving demand for IT & security solutions.

Government Initiatives: The Thai government is promoting the adoption of technology and cybersecurity solutions to enhance the country’s competitiveness and attract foreign investment.

Market Challenges

High Cost of Solutions: The high cost of IT & security solutions can be a barrier to adoption for some organizations, particularly small and medium-sized enterprises.

Shortage of Skilled Professionals: There is a shortage of skilled professionals in the IT & security market, which can limit the growth of the market.

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

Primary Intelligence

• RationalStat utilizes surveys, questionnaires, focus groups, and one-to-one interviews with CXOs, industry partners, trade bodies, association members, ex-employees, and industry professionals to collect insights and quantitative/qualitative data specific to client needs. RationalStat quickly gets to the ‘why’ behind the ‘what’ demonstrated by secondary data.
• RationalStat takes a unique approach to arrive at market conclusions and actionable insights for clients.
• We have the technology and strong in-house resource pool with extensive experience in the global and regional markets, across a wide variety of categories and stakeholders.
• Strong language proficiency and capability with coverage across more than 70 language areas.

Secondary Sources

• Annual reports, company filings, investor presentations, product catalogs, and company documents
• Industry and market-related documents available in the public domain
• Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
• Whitepapers, research papers, and industry blogs.