Thailand Cybersecurity MSSP & SOC Market

The Thailand Cybersecurity MSSP & SOC Market is valued at USD 1.2 billion, with key growth from increasing cyber threats and government initiatives for data protection.

Region:Asia

Author(s):Geetanshi

Product Code:KRAB6345

Pages:100

Published On:October 2025

About the Report

Base Year 2024

Thailand Cybersecurity MSSP & SOC Market Overview

  • The Thailand Cybersecurity MSSP & SOC Market is valued at USD 1.2 billion, based on a five-year historical analysis. This growth is primarily driven by the increasing frequency of cyber threats, the rising adoption of digital transformation initiatives, and the growing awareness of cybersecurity among businesses and government entities. The demand for managed security services and security operations centers has surged as organizations seek to protect their sensitive data and comply with regulatory requirements.
  • Bangkok is the dominant city in the Thailand Cybersecurity MSSP & SOC Market due to its status as the economic and technological hub of the country. The concentration of businesses, financial institutions, and government agencies in Bangkok drives the demand for advanced cybersecurity solutions. Other notable regions include Chiang Mai and Phuket, where growing tech industries and tourism sectors are increasingly prioritizing cybersecurity measures.
  • In 2023, the Thai government implemented the Cybersecurity Act, which mandates that organizations must establish cybersecurity measures to protect critical information infrastructure. This regulation aims to enhance the overall cybersecurity posture of the nation and requires businesses to report cyber incidents to the authorities, thereby fostering a more secure digital environment.
Thailand Cybersecurity MSSP & SOC Market Size

Thailand Cybersecurity MSSP & SOC Market Segmentation

By Type:

Thailand Cybersecurity MSSP & SOC Market segmentation by Type.

The market is segmented into various types, including Network Security, Endpoint Security, Application Security, Cloud Security, Managed Security Services, Incident Response Services, and Others. Among these, Managed Security Services is the leading sub-segment, driven by the increasing need for organizations to outsource their cybersecurity functions to specialized providers. This trend is fueled by the growing complexity of cyber threats and the shortage of skilled cybersecurity professionals. As businesses focus on their core operations, they are increasingly turning to managed services for comprehensive security solutions.

By End-User:

Thailand Cybersecurity MSSP & SOC Market segmentation by End-User.

The end-user segmentation includes Government, Financial Services, Healthcare, Retail, Manufacturing, Telecommunications, and Others. The Financial Services sector is the dominant end-user, primarily due to the high value of sensitive data and the stringent regulatory requirements in this industry. Financial institutions are increasingly investing in cybersecurity solutions to protect against data breaches and fraud, making them a key driver of market growth.

Thailand Cybersecurity MSSP & SOC Market Competitive Landscape

The Thailand Cybersecurity MSSP & SOC Market is characterized by a dynamic mix of regional and international players. Leading participants such as CyberArk Software Inc., Fortinet Inc., Palo Alto Networks Inc., Check Point Software Technologies Ltd., IBM Security, Cisco Systems Inc., Trend Micro Incorporated, McAfee Corp., FireEye Inc., Sophos Ltd., RSA Security LLC, Splunk Inc., CrowdStrike Holdings Inc., Zscaler Inc., Proofpoint Inc. contribute to innovation, geographic expansion, and service delivery in this space.

CyberArk Software Inc.

1999

Petah Tikva, Israel

Fortinet Inc.

2000

Sunnyvale, California, USA

Palo Alto Networks Inc.

2005

Santa Clara, California, USA

Check Point Software Technologies Ltd.

1993

Tel Aviv, Israel

IBM Security

1911

Armonk, New York, USA

Company

Establishment Year

Headquarters

Group Size (Large, Medium, or Small as per industry convention)

Revenue Growth Rate

Customer Retention Rate

Market Penetration Rate

Average Deal Size

Pricing Strategy

Thailand Cybersecurity MSSP & SOC Market Industry Analysis

Growth Drivers

  • Increasing Cyber Threats:The frequency of cyberattacks in Thailand has surged, with the Cybersecurity Agency reporting over 1,200 incidents in 2023 alone, a 30% increase from the previous year. This alarming trend has prompted businesses to invest heavily in cybersecurity measures. The estimated cost of cybercrime in Thailand reached THB 30 billion (approximately USD 850 million) in 2023, highlighting the urgent need for robust cybersecurity solutions to protect sensitive data and infrastructure.
  • Government Initiatives for Cybersecurity:The Thai government has allocated THB 5 billion (around USD 140 million) for cybersecurity initiatives in future, aiming to enhance national security and protect critical infrastructure. This funding supports the establishment of the National Cybersecurity Agency, which focuses on developing cybersecurity frameworks and promoting public-private partnerships. Such initiatives are expected to drive demand for Managed Security Service Providers (MSSPs) and Security Operations Centers (SOCs) across the country.
  • Rising Awareness of Data Privacy:With the implementation of the Personal Data Protection Act (PDPA) in 2022, organizations in Thailand are increasingly prioritizing data privacy. A survey by the Electronic Transactions Development Agency indicated that 70% of businesses are now investing in data protection measures. This heightened awareness is driving demand for cybersecurity services, as companies seek to comply with regulations and protect customer information from breaches and unauthorized access.

Market Challenges

  • Shortage of Skilled Cybersecurity Professionals:Thailand faces a significant skills gap in cybersecurity, with an estimated shortage of 30,000 professionals as of 2023. The demand for skilled workers is projected to grow by 20% annually, exacerbating the challenge for organizations seeking to implement effective cybersecurity strategies. This shortage hampers the ability of businesses to adequately defend against cyber threats, leading to increased vulnerability and potential financial losses.
  • High Cost of Cybersecurity Solutions:The financial burden of implementing comprehensive cybersecurity measures is a major challenge for many Thai businesses. The average cost of cybersecurity solutions for SMEs is approximately THB 1 million (around USD 28,000) annually, which can be prohibitive for smaller organizations. This high cost often leads to inadequate security measures, leaving businesses exposed to cyber threats and potential data breaches.

Thailand Cybersecurity MSSP & SOC Market Future Outlook

The future of the Thailand cybersecurity MSSP and SOC market appears promising, driven by increasing investments in technology and a growing emphasis on data protection. As organizations continue to adopt digital transformation strategies, the demand for advanced cybersecurity solutions will rise. Additionally, the integration of artificial intelligence and machine learning into security protocols is expected to enhance threat detection and response capabilities, making cybersecurity more efficient and effective in combating evolving threats.

Market Opportunities

  • Expansion of Cloud Security Services:With cloud adoption projected to grow by 25% in future, there is a significant opportunity for MSSPs to offer specialized cloud security services. This growth is driven by businesses migrating to cloud platforms, necessitating robust security measures to protect sensitive data stored in the cloud, thus creating a lucrative market for cybersecurity providers.
  • Development of AI-Driven Security Solutions:The increasing sophistication of cyber threats presents an opportunity for the development of AI-driven security solutions. By future, the AI cybersecurity market is expected to reach THB 10 billion (approximately USD 280 million) in Thailand. This growth will enable organizations to leverage advanced technologies for proactive threat detection and response, enhancing overall security posture.

Scope of the Report

SegmentSub-Segments
By Type

Network Security

Endpoint Security

Application Security

Cloud Security

Managed Security Services

Incident Response Services

Others

By End-User

Government

Financial Services

Healthcare

Retail

Manufacturing

Telecommunications

Others

By Industry Vertical

BFSI

Energy and Utilities

Education

Transportation

Government

Others

By Service Model

On-Premises

Cloud-Based

Hybrid

By Deployment Type

Managed Services

Professional Services

By Security Type

Threat Intelligence

Vulnerability Management

Security Information and Event Management (SIEM)

By Pricing Model

Subscription-Based

Pay-As-You-Go

Tiered Pricing

Key Target Audience

Investors and Venture Capitalist Firms

Government and Regulatory Bodies (e.g., Ministry of Digital Economy and Society, National Cyber Security Agency)

Telecommunications Service Providers

Financial Institutions (e.g., Banks, Insurance Companies)

Healthcare Organizations

Critical Infrastructure Operators (e.g., Energy, Transportation)

Large Enterprises and Corporations

Cybersecurity Technology Vendors

Players Mentioned in the Report:

CyberArk Software Inc.

Fortinet Inc.

Palo Alto Networks Inc.

Check Point Software Technologies Ltd.

IBM Security

Cisco Systems Inc.

Trend Micro Incorporated

McAfee Corp.

FireEye Inc.

Sophos Ltd.

RSA Security LLC

Splunk Inc.

CrowdStrike Holdings Inc.

Zscaler Inc.

Proofpoint Inc.

Table of Contents

Market Assessment Phase

1. Executive Summary and Approach


2. Thailand Cybersecurity MSSP & SOC Market Overview

2.1 Key Insights and Strategic Recommendations

2.2 Thailand Cybersecurity MSSP & SOC Market Overview

2.3 Definition and Scope

2.4 Evolution of Market Ecosystem

2.5 Timeline of Key Regulatory Milestones

2.6 Value Chain & Stakeholder Mapping

2.7 Business Cycle Analysis

2.8 Policy & Incentive Landscape


3. Thailand Cybersecurity MSSP & SOC Market Analysis

3.1 Growth Drivers

3.1.1 Increasing Cyber Threats
3.1.2 Government Initiatives for Cybersecurity
3.1.3 Rising Awareness of Data Privacy
3.1.4 Growth of Digital Transformation

3.2 Market Challenges

3.2.1 Shortage of Skilled Cybersecurity Professionals
3.2.2 High Cost of Cybersecurity Solutions
3.2.3 Rapidly Evolving Threat Landscape
3.2.4 Regulatory Compliance Complexity

3.3 Market Opportunities

3.3.1 Expansion of Cloud Security Services
3.3.2 Increased Investment in Cybersecurity Startups
3.3.3 Development of AI-Driven Security Solutions
3.3.4 Collaboration with International Cybersecurity Firms

3.4 Market Trends

3.4.1 Adoption of Managed Security Services
3.4.2 Integration of AI and Machine Learning
3.4.3 Focus on Incident Response Services
3.4.4 Shift Towards Zero Trust Security Models

3.5 Government Regulation

3.5.1 Personal Data Protection Act (PDPA)
3.5.2 Cybersecurity Act
3.5.3 National Cybersecurity Strategy
3.5.4 Compliance with International Standards

4. SWOT Analysis


5. Stakeholder Analysis


6. Porter's Five Forces Analysis


7. Thailand Cybersecurity MSSP & SOC Market Market Size, 2019-2024

7.1 By Value

7.2 By Volume

7.3 By Average Selling Price


8. Thailand Cybersecurity MSSP & SOC Market Segmentation

8.1 By Type

8.1.1 Network Security
8.1.2 Endpoint Security
8.1.3 Application Security
8.1.4 Cloud Security
8.1.5 Managed Security Services
8.1.6 Incident Response Services
8.1.7 Others

8.2 By End-User

8.2.1 Government
8.2.2 Financial Services
8.2.3 Healthcare
8.2.4 Retail
8.2.5 Manufacturing
8.2.6 Telecommunications
8.2.7 Others

8.3 By Industry Vertical

8.3.1 BFSI
8.3.2 Energy and Utilities
8.3.3 Education
8.3.4 Transportation
8.3.5 Government
8.3.6 Others

8.4 By Service Model

8.4.1 On-Premises
8.4.2 Cloud-Based
8.4.3 Hybrid

8.5 By Deployment Type

8.5.1 Managed Services
8.5.2 Professional Services

8.6 By Security Type

8.6.1 Threat Intelligence
8.6.2 Vulnerability Management
8.6.3 Security Information and Event Management (SIEM)

8.7 By Pricing Model

8.7.1 Subscription-Based
8.7.2 Pay-As-You-Go
8.7.3 Tiered Pricing

9. Thailand Cybersecurity MSSP & SOC Market Competitive Analysis

9.1 Market Share of Key Players

9.2 Cross Comparison of Key Players

9.2.1 Company Name
9.2.2 Group Size (Large, Medium, or Small as per industry convention)
9.2.3 Revenue Growth Rate
9.2.4 Customer Retention Rate
9.2.5 Market Penetration Rate
9.2.6 Average Deal Size
9.2.7 Pricing Strategy
9.2.8 Service Level Agreement (SLA) Compliance
9.2.9 Customer Satisfaction Score
9.2.10 Incident Response Time

9.3 SWOT Analysis of Top Players

9.4 Pricing Analysis

9.5 Detailed Profile of Major Companies

9.5.1 CyberArk Software Inc.
9.5.2 Fortinet Inc.
9.5.3 Palo Alto Networks Inc.
9.5.4 Check Point Software Technologies Ltd.
9.5.5 IBM Security
9.5.6 Cisco Systems Inc.
9.5.7 Trend Micro Incorporated
9.5.8 McAfee Corp.
9.5.9 FireEye Inc.
9.5.10 Sophos Ltd.
9.5.11 RSA Security LLC
9.5.12 Splunk Inc.
9.5.13 CrowdStrike Holdings Inc.
9.5.14 Zscaler Inc.
9.5.15 Proofpoint Inc.

10. Thailand Cybersecurity MSSP & SOC Market End-User Analysis

10.1 Procurement Behavior of Key Ministries

10.1.1 Budget Allocation Trends
10.1.2 Decision-Making Processes
10.1.3 Preferred Procurement Channels

10.2 Corporate Spend on Infrastructure & Energy

10.2.1 Investment in Cybersecurity Infrastructure
10.2.2 Trends in IT Spending

10.3 Pain Point Analysis by End-User Category

10.3.1 Security Breaches
10.3.2 Compliance Challenges
10.3.3 Resource Limitations

10.4 User Readiness for Adoption

10.4.1 Awareness Levels
10.4.2 Training Needs

10.5 Post-Deployment ROI and Use Case Expansion

10.5.1 Measurement of ROI
10.5.2 Expansion of Use Cases

11. Thailand Cybersecurity MSSP & SOC Market Future Size, 2025-2030

11.1 By Value

11.2 By Volume

11.3 By Average Selling Price


Go-To-Market Strategy Phase

1. Whitespace Analysis + Business Model Canvas

1.1 Market Gaps Identification

1.2 Business Model Components


2. Marketing and Positioning Recommendations

2.1 Branding Strategies

2.2 Product USPs


3. Distribution Plan

3.1 Urban Retail vs Rural NGO Tie-Ups


4. Channel & Pricing Gaps

4.1 Underserved Routes

4.2 Pricing Bands


5. Unmet Demand & Latent Needs

5.1 Category Gaps

5.2 Consumer Segments


6. Customer Relationship

6.1 Loyalty Programs

6.2 After-Sales Service


7. Value Proposition

7.1 Sustainability

7.2 Integrated Supply Chains


8. Key Activities

8.1 Regulatory Compliance

8.2 Branding

8.3 Distribution Setup


9. Entry Strategy Evaluation

9.1 Domestic Market Entry Strategy

9.1.1 Product Mix
9.1.2 Pricing Band
9.1.3 Packaging

9.2 Export Entry Strategy

9.2.1 Target Countries
9.2.2 Compliance Roadmap

10. Entry Mode Assessment

10.1 JV

10.2 Greenfield

10.3 M&A

10.4 Distributor Model


11. Capital and Timeline Estimation

11.1 Capital Requirements

11.2 Timelines


12. Control vs Risk Trade-Off

12.1 Ownership vs Partnerships


13. Profitability Outlook

13.1 Breakeven Analysis

13.2 Long-Term Sustainability


14. Potential Partner List

14.1 Distributors

14.2 JVs

14.3 Acquisition Targets


15. Execution Roadmap

15.1 Phased Plan for Market Entry

15.1.1 Market Setup
15.1.2 Market Entry
15.1.3 Growth Acceleration
15.1.4 Scale & Stabilize

15.2 Key Activities and Milestones

15.2.1 Activity Timeline
15.2.2 Milestone Tracking

Research Methodology

ApproachModellingSample

Phase 1: Approach1

Desk Research

  • Analysis of government publications and cybersecurity frameworks in Thailand
  • Review of industry reports from cybersecurity associations and think tanks
  • Examination of market trends and statistics from reputable cybersecurity journals

Primary Research

  • Interviews with cybersecurity experts and consultants in Thailand
  • Surveys targeting IT managers and decision-makers in various sectors
  • Focus groups with stakeholders from MSSP and SOC service providers

Validation & Triangulation

  • Cross-validation of findings through multiple expert interviews
  • Triangulation of data from primary and secondary sources for accuracy
  • Sanity checks through feedback from industry panels and workshops

Phase 2: Market Size Estimation1

Top-down Assessment

  • Estimation of total cybersecurity spending in Thailand based on national IT budgets
  • Segmentation of the market by industry verticals such as finance, healthcare, and manufacturing
  • Incorporation of government initiatives promoting cybersecurity investments

Bottom-up Modeling

  • Data collection from leading MSSPs regarding service pricing and client volumes
  • Estimation of market share based on service offerings and client demographics
  • Calculation of revenue potential based on service adoption rates across sectors

Forecasting & Scenario Analysis

  • Multi-variable forecasting using growth rates in digital transformation and cyber threats
  • Scenario analysis based on regulatory changes and emerging cybersecurity technologies
  • Development of baseline, optimistic, and pessimistic market growth projections through 2030

Phase 3: CATI Sample Composition1

Scope Item/SegmentSample SizeTarget Respondent Profiles
Financial Services Cybersecurity100CIOs, IT Security Managers
Healthcare Sector Cybersecurity80Compliance Officers, IT Directors
Manufacturing Industry Cybersecurity70Operations Managers, Risk Management Heads
Government Cybersecurity Initiatives60Policy Makers, Cybersecurity Advisors
Retail Sector Cybersecurity Solutions90IT Managers, E-commerce Directors

Frequently Asked Questions

What is the current value of the Thailand Cybersecurity MSSP & SOC Market?

The Thailand Cybersecurity MSSP & SOC Market is valued at approximately USD 1.2 billion, reflecting significant growth driven by increasing cyber threats, digital transformation initiatives, and heightened awareness of cybersecurity among businesses and government entities.

What factors are driving growth in the Thailand Cybersecurity MSSP & SOC Market?

Which city is the hub for cybersecurity services in Thailand?

What is the impact of the Cybersecurity Act implemented by the Thai government?

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