Reference
·Supporting source
Thailand Cybersecurity Market Size
~USD 200M–300M
Thailand's cybersecurity market — encompassing managed security services, endpoint protection, network security hardware, and professional services — is estimated at USD 200–300 million in annual spend for 2023–2024. The market is growing at roughly 12–15% annually, driven by PDPA compliance obligations, Bank of Thailand (BoT) IT-risk guidelines for financial institutions, and rising corporate awareness following high-profile breaches of Thai government databases. Key vendors operating in Thailand include Palo Alto Networks, Fortinet, Check Point, CrowdStrike, and locally based Cyber Elite and DataOne Asia.
Figure in context
Thailand's cybersecurity market — encompassing managed security services, endpoint protection, network security hardware, and professional services — is estimated at USD 200–300 million in annual spend for 2023–2024. The market is growing at roughly 12–15% annually, driven by PDPA compliance obligations, Bank of Thailand (BoT) IT-risk guidelines for financial institutions, and rising corporate awareness following high-profile breaches of Thai government databases. Key vendors operating in Thailand include Palo Alto Networks, Fortinet, Check Point, CrowdStrike, and locally based Cyber Elite and DataOne Asia.
Thailand's cybersecurity market — encompassing managed security services, endpoint protection, network security hardware, and professional services — is estimated at USD 200–300 million in annual spend for 2023–2024. The market is growing at roughly 12–15% annually, driven by PDPA compliance obligations, Bank of Thailand (BoT) IT-risk guidelines for financial institutions, and rising corporate awareness following high-profile breaches of Thai government databases. Key vendors operating in Thailand include Palo Alto Networks, Fortinet, Check Point, CrowdStrike, and locally based Cyber Elite and DataOne Asia.
Time scope
2023–2024
Source basis
Supporting source
Interpretation notes
What this tells you
Thailand's cybersecurity market — encompassing managed security services, endpoint protection, network security hardware, and professional services — is estimated at USD 200–300 million in annual spend for 2023–2024. The market is growing at roughly 12–15% annually, driven by PDPA compliance obligations, Bank of Thailand (BoT) IT-risk guidelines for financial institutions, and rising corporate awareness following high-profile breaches of Thai government databases. Key vendors operating in Thailand include Palo Alto Networks, Fortinet, Check Point, CrowdStrike, and locally based Cyber Elite and DataOne Asia.
What not to do with it
Use the linked report for interpretation and keep basis differences explicit.
Related figures
Adjacent numbers that add context without drowning the value.
NCSA Thailand Annual Operating Budget
NCSA Annual Report, MDES Budget Statement, Royal Gazette
PDPA Maximum Civil Fine Per Violation
PDPA Act B.E. 2562, PDPC enforcement notices, Royal Gazette
Thai Banking Sector IT Security Spend Share
Bank of Thailand IT Risk Circular, SET bank filings, IDC
Thailand Reported Cyber Incidents (NCSA-tracked)
NCSA Annual Cybersecurity Report, PDPC breach notifications
Report context
Atlas actors in this figure's reports
Profiles covered in the report that cite this number.