CyberShark Pitch Competition Names Finalists for 2025 Event Series.

LaunchTech Communications has announced the next two finalists in the 2025 CyberShark Pitch Competition: Sandfly Security and Senteon. These companies presented innovative solutions in endpoint detection and response, and continuous configuration remediation and enforcement. The competition aims to provide early-growth cybersecurity vendors with a platform to validate their solutions and receive feedback from CISO judges. The final round will take place in October 2025, featuring the four finalists competing for a spot in the top spot.

The Thailand Managed Security Services (MSS) market is experiencing robust growth, driven by rising cybersecurity threats, increased digital transformation, and expanding regulatory requirements. According to a report by ResearchAndMarkets.com [1], the market was valued at USD 413.13 million in 2024 and is expected to reach USD 699.87 million by 2030, rising at a CAGR of 9.02%.

The demand for MSS is fueled by the increasing frequency and complexity of cyber threats. In 2024, Thailand reported over 22,000 cyber incidents, a 35% increase from the prior year, with phishing attacks and ransomware being the most prevalent [1]. This escalation has led organizations to adopt managed security services for advanced threat monitoring and incident response.

One of the key challenges in the Thai MSS market is the shortage of qualified cybersecurity professionals. As of 2024, Thailand faced a gap of over 20,000 cybersecurity professionals, with roles like SOC analysts and cloud security engineers being particularly acute [1]. This shortage forces MSSPs to increase spending on in-house training and compensation packages, reducing profitability and potentially impacting service quality.

Another significant trend in the Thai MSS market is the rise in industry-specific MSS solutions. As Thailand's digital economy deepens across sectors, there is a growing demand for verticalized MSS offerings tailored to the compliance, operational, and threat needs of specific industries such as BFSI, healthcare, and manufacturing [1]. This trend aligns with increasing government regulation and the need for customized security solutions.

Key market players in Thailand's MSS market include IBM Corporation, Cisco Systems Inc., Fujitsu Thailand Co. Ltd., Fortinet Inc., Check Point Software Technologies Ltd., Red Sky Digital Ventures Ltd., Info Security Consultant Co. Ltd., Dell Technologies Inc., CGA Group Co. Ltd., and Intel Security [1].

The market is also influenced by advancements in generative AI cybersecurity. According to MarketsandMarkets™, the Generative AI Cybersecurity Market is slated to expand from USD 8.65 billion in 2025 to USD 35.50 billion by 2031, at an impressive CAGR of 26.5% [2]. This growth is driven by the increasing adoption of AI models and large language models, which are reshaping cybersecurity priorities and expanding the attack surface.

In conclusion, Thailand's MSS market is poised for significant growth, driven by rising cyber threats and the increasing demand for specialized security solutions. However, the market faces challenges such as the shortage of skilled professionals and the need for industry-specific offerings. Key players in the market are leveraging advancements in AI cybersecurity to stay competitive and meet the evolving needs of their clients.

References:
[1] https://www.globenewswire.com/news-release/2025/08/26/3139025/28124/en/Thailand-Managed-Security-Services-Market-Forecast-and-Competition-Analysis-Report-2025-Cloud-Adoption-and-Remote-Work-Fueling-Thailand-s-Managed-Security-Services-Market-Growth-at.html
[2] https://www.prnewswire.com/news-releases/generative-ai-cybersecurity-market-worth-35-50-billion-by-2031--marketsandmarkets-302537426.html