Thailand Artificial Intelligence (AI) market to be driven by growing technological advancement and increasing adoption of cloud-based computing in the forecast period
Massive growth in data
generation due to technological advancements is aiding Thailand Artificial
Intelligence (AI) market to grow in the forecast period.
According to TechSci Research report,
“Thailand Artificial Intelligence (AI) Market - By Region, Competition
Forecast and Opportunities, 2028,” the Thailand Artificial Intelligence
(AI) market is anticipated to register a robust growth during the forecast
period, 2024-2028. Artificial Intelligence (AI) has become an increasingly
important field in recent years due to its potential to revolutionize a wide
range of industries and applications. AI helps in automation, AI algorithms and
systems can automate repetitive and time-consuming tasks, freeing up humans to
focus on more creative and strategic work. Enhanced productivity AI can help
increase productivity and efficiency in various industries, such as
manufacturing, transportation, and customer service, by automating routine
tasks and reducing errors.
The COVID-19 pandemic has had a significant impact on the field of
Artificial Intelligence (AI). Here are some ways in which the pandemic has
affected Artificial Intelligence (AI):
Increased demand for AI solutions: The pandemic has accelerated the
adoption of AI-powered technologies in various industries. For instance,
telemedicine, remote learning, and e-commerce have become more widespread,
leading to an increased demand for AI solutions that can facilitate these
activities.
Investment in AI: The pandemic has resulted in increased investment in
AI, as companies and governments look for ways to improve their response to the
crisis and improve their overall operations.
Remote work and its impact on AI development: With many AI researchers
and developers working from home, there has been a shift in the way AI
development takes place. Remote collaboration has become more important, and
new tools and platforms have emerged to support remote work in AI.
Impact on AI conferences and events: The COVID-19 pandemic has resulted
in the cancellation or postponement of many AI conferences and events, leading
to a disruption.
The Thai government has also launched several initiatives to promote the
development and adoption of AI in the country, including the Thailand 4.0
policy, which aims to transform the country into a digital society, and the
National AI Office, which was established to coordinate AI development and
promote its adoption in various sectors.
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Thailand Artificial
Intelligence (AI) market is segmented by component, technology, Deployment,
Organization Type, Industry Vertical, Region and Competitive Landcsape. Based
on component, the market is further
segmented into solution and services. Based on technology, the market is
further segmented into Machine Learning, Deep Learning, Natural Language
Processing, Computer Vision, and Others. Based on Deployment, the market is
further segmented into Cloud and On-premises. Based on Organization Type, the
market is further segmented into Small & Medium-Sized Enterprises and Large
Enterprises. Based on Industry Vertical, the market is further segmented into
Telecommunication, Manufacturing, Agriculture, Retail & E-Commerce, BFSI
and Others.
Due to careful advancements in data
storage capacity, powerful computing, and parallel processing capabilities to
provide high-end services, the Solution segment currently holds most of the
market share. Furthermore, this segment's ability to extract data, provide real-time
insight, and aid decision-making has positioned it to capture most of the
market.
The retail and ecommerce segment held the largest share of the market
in 2022 based on vertical. Thailand is experiencing growth in the adoption of
AI in the retail sector. Retail companies are recognizing the potential of AI
to improve operational efficiency, enhance the customer experience, and drive
sales growth. Here are some of the ways AI is being used in the Thai retail
industry. Personalized marketing, AI is being used to analyze customer data and
deliver personalized recommendations and offers, increasing customer loyalty
and driving sales growth. Customer engagement: AI-powered chatbots and virtual
assistants are being used to provide customers with quick and personalized
support, improving their shopping experience. Inventory management, AI
algorithms are being used to analyze sales data and predict demand, enabling
retailers to optimize their inventory levels and reduce waste. Price
optimization, AI-powered pricing algorithms are being used to dynamically
adjust prices based on market demand, competitor pricing, and other factors,
helping retailers to maximize their profits. Overall, AI has the
potential to transform the Thai retail industry, and many companies are
investing in this technology to stay ahead of the competition.
Key market players in the Thailand Artificial
Intelligence (AI) Market include:
- Google Thailand
- Cisco Systems (Thailand) Ltd.
- Microsoft (Thailand) Limited
- IBM Thailand Co., Ltd.
- Amazon Web Services (Thailand) Company
Limited
- Salesforce.Com (Thailand) Company
Limited
- AT & T Worldwide Service Thailand
Ltd.
- Infosys Technology (Thailand) Co., Ltd.
- BlockchainLabs.ai
- CODEMONDAY Co., Ltd
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"Due to factors such as the
increase in healthcare facilities following the COVID-19 pandemic, rising
automation, the quick uptake of machine learning, etc. Artificial intelligence,
on the other hand, is evolving to more effectively do jobs that were previously
completed using conventional methods. Additionally, in the future, optimizing
data and information processing power will probably depend more heavily on AI
scenario planning. AI innovations may lead to the development of fresh and
perceptive scenario-related models to handle outside inducements. Future AI
could enable tactical decisions in real-time, simulate realistic scenarios
without human involvement, and provide more novel and superior internal and
external applications for prediction," said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Artificial Intelligence (AI) Market
By Component (Solutions and Services), By Technology (Machine Learning, Deep
Learning, Natural Language Processing, Computer Vision, and Others), By Deployment (Cloud and On-premises), By
Organization Type (Small & Medium-Sized Enterprises and Large Enterprises),
By Industry Vertical (Telecommunication, Manufacturing, Agriculture, Retail
& E-Commerce, BFSI and Others), By Region, Competition Forecast and
Opportunities, 2028,” has evaluated the future growth potential of Thailand Artificial Intelligence (AI) Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Thailand Artificial
Intelligence (AI) Market.
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