Thailand Data Center Market is Expected to Register a Steady CAGR by 2024-2028
The Thailand data center market is
expected to grow during the forecast period due to the rapid adoption of cloud
and digital transformation by companies.
According to
TechSci Research report Thailand Data Center Market by Solution (IT
Infrastructure, General Infrastructure, Electrical Infrastructure, Mechanical
Infrastructure, Others), By Type (Corporate, Web Hosting), By End User Industry
(Information Technology & Telecom, Government, BFSI, Healthcare, Others),
By Region, Competition, Forecast & Opportunities, 2028F, data protection has become a worldwide
concern, and it is quickly becoming a priority for the Thailand government as
well. The growing digitalization, faster internet speed, and smart technologies
process high data consumption that has spurred the need to store and process
data efficiently. In addition, the country's digital economy and government
incentives present attractive investment opportunities that are expected to
dramatically increase the demand for data centers in Thailand. The Thailand’s BOI
(Board of Investment) promotion scheme, offering a range of tax incentives and
other benefits to various enterprises that invest in data centers in Thailand
are significantly attracting foreign enterprises to invest in the country. The
BOI promotion scheme includes tax holidays of up to eight years, exemptions or
reductions in import duties, and business facilitation services. To
meet the increasing demand, several major players in the industry have invested
heavily in Thailand. The integration of cloud and other advanced technology in
industries have proliferated the demand for data center in the country. For
instance, in 2022, Amazon web services announced its plan to invest USD 5
billion in the next 15 years to expand its cloud service capacity in Thailand
and the region. This will expedite the growth of data centers in Thailand during
the forecast period.
The increase in smartphone
users and an increase in the need for data and high bandwidth capacity is
driving the Thailand data center market. Thailand's data center industry is
expanding rapidly in the age of digitization. The nation is ideally positioned
to serve as a hub for data centers specializing in cloud computing technologies,
including artificial intelligence, machine learning, and advanced analytical techniques.
Measures taken by the government, such as digital economic cluster policy to
strengthen the industrial value chain, enhancing Thailand’s investment
potentials and competitiveness in Chiang Mai province enabling various
companies to collaborate in all facets of the business related to technological
developments such as cloud service, data center, and software park. Such
government initiatives and developments are expected to provide an additional
backbone for the evolving Thailand data center market through 2028.
The Thailand data center market is divided based on solution, type, and
end-user industry. Based on solution, the market is further bifurcated into IT
infrastructure, general infrastructure, electrical
infrastructure, mechanical infrastructure, and others. Based on type, the
market is segmented into corporate and web hosting. Based on end-user industry,
the market is further segmented into information technology & telecom,
government, BFSI, healthcare, and others.
Based on solution, the IT
Infrastructure showcased the lucrative market growth in 2022 because of the rising
demand for digital infrastructure projects in industries such as
banking/fintech, telecommunications, energy, smart agriculture, and government.
Thailand has acquired the most advanced internet infrastructure in ASEAN as a
consequence of ongoing investment. Moreover, as per International Data
Corporation (IDC), there is increased interest and demand for cloud services
among public and private sector enterprises as Thailand is one of the largest data
markets. In addition, infrastructure development is a critical success factor
that stimulates and supports economic growth. In 2021, Thailand's total
internet users were recorded at 61 million, which accounted for 85% of the total
population. Furthermore, the National Digital Economy and Society Commission
(NDESC) has unveiled the expansion plan of broadband services to 75,000
villages to expand the country’s 30% digital economy by 2027. The rising
applications of IT technical training and IT consulting, management,
software/enterprise applications (ERP and CRM systems, finance, and accounting
software), data centers and data storage, and online services are all
opportunities for service providers.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "Thailand Data Center Market.”
Key market players in the Thailand data center
market include:
- KDDI
(Thailand) Ltd.
- True
Internet Data Center Co., Ltd (Thailand)
- CS
LoxInfo Data Center
- Tcc
Technology Co Ltd (Thailand)
- NTT
(Thailand) Ltd.
- G-Able
Public Company Limited
- AIS-CSL
- Bridge
Data Centers (Thailand) Ltd.
- JasTel
Network Co., Ltd.
- ST
Telemedia Thailand Pte. Ltd.
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“The Thailand government has
welcomed huge Foreign Direct Investment (FDI) under the automatic route. The
country received a foreign direct investment (FDI) of USD 20 billion during
2022, a rise of 39 percent as compared to 2021. The strategic geographical
presence and supply chain has displayed strong investor confidence from global
leaders such as Amazon web services, NTT Ltd, ST Telemedia Global Data Centers
(STT GDC), and many more. Central Thailand region, being the most popular hub
in both domestic and commercial infrastructure holds the largest market share
of data centers, benefiting from the presence of a landing station and
submarine cable connectivity in the region. Bangkok has the establishment of
maximum data centers in the Central Thailand region. The introduction of 5G
networks and cloud services will strengthen the region's digital economy and
increase the demand for high-bandwidth networking infrastructure. In addition,
the huge volume of internet traffic and the presence of several cloud services
providers are further attributing to the market growth. Due to investments from
colocation providers along with data centers are constructions. Moreover, the
development in Eastern Economic Corridor’s Amata City Chonburi industrial
estate offering the new infrastructure to the enterprises with scalable IT
infrastructure, optimum power efficiency are attracting the entry of new market
players to build local data centers in Thailand,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
Thailand Data Center Market
by Solution (IT Infrastructure, General Infrastructure, Electrical Infrastructure,
Mechanical Infrastructure, Other), By Type (Corporate, Web Hosting), By End-User
Industry (Information Technology & Telecom, Government, BFSI, Healthcare, Others),
By Region, Competition, Forecast & Opportunities, 2028F has evaluated the future
growth potential of the Thailand data center market and provides statistics
& information on market size, structure, and future market growth. The
report's goal is to give current market knowledge and assist decision makers in
making informed investment decisions. Furthermore, the study identifies and
analyses emerging trends, as well as key drivers, challenges, and opportunities
in the Thailand data center market.
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