Thailand Information Technology Report Q1 2016 - New Study Released

From: Fast Market Research, Inc.
Published: Sun Dec 13 2015

We expect Thailand's IT market will exhibit robust medium term growth as it continues to strengthen in 2016 after the challenges in 2013 and 2014 that suppressed IT spending growth. We forecast a CAGR of 6.8% from 2016-2019, with the market expected to reach a value of THB220.1bn in 2019. There will be considerable opportunities across all three IT market segments , but we highlight the retail hardware market and cloud computing services as the stand out opportunities. The strong household income growth forecast will enable vendors to target sales to both first-time buyers and multiple device households right across Thailand, while investments in datacentre and network infrastructure, alongside increased supply of solutions, will unlock the potential of cloud computing services. The outlook is positive but we caution downside risks exist, most notably political risks around the military government, while global economic headwinds have the potential to negatively impact Thailand's economic growth trajectory.

Full Report Details at

Latest Updates And Industry Developments

Computer Hardware Sales: THB95.2bn in 2016 to THB107.2bn in 2019, a CAGR of 4.4%. Household income growth and deferred purchases from the previous period of uncertainty will drive robust hardware spending, with vendors expected to benefit from significant opportunities in the first-time buyer and upgrade/replacement markets.
Software Sales: THB16.4bn in 2016 to THB22.2bn in 2019, a CAGR of 9.0%. Modernisation pressures will drive large enterprise spending and increased supply of software-as-a-service expected to boost adoption rates among Thailand's large base of small- and medium-sized enterprises.
IT Services Sales: THB69.0bn in 2016 to THB90.7bn in 2019, a CAGR of 9.4%. Adoption of cloud computing services, as well as outsourcing of administrative functions by local enterprises, will underpin IT services outperformance over the medium term.

The Thailand Information Technology Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering personal computers and software; semi-conductors, memory chips, integrated circuits and general components; the internet and IT solutions. It analyses analyses regulatory changes (licensing, customs and intellectual property protection) and competitive landscapes comparing IT companies by products, sales, market share, investments, projects and expansion strategies.

BMI's Thailand Information Technology Report provides industry professionals and strategists, corporate analysts, IT associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the IT industry in Thailand.

Key Benefits

* Benchmark BMI's independent IT Industry forecasts for Thailand

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