Network Infrastructure - Thailand

Thailand

Revenue in the Network Infrastructure market is projected to reach US$1.72bn in 2024.
Service Provider Network Infrastructure dominates the market with a projected market volume of US$1.28bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.27%, resulting in a market volume of US$2.02bn by 2029.
The average Spend per Employee in the Network Infrastructure market is projected to reach US$42.73 in 2024.
In global comparison, most revenue will be generated in China (US$63,560m in 2024).

Key regions: India, China, Brazil, Indonesia, Japan

Definition:

The Network Infrastructure market focuses on hardware resources essential for service provider and enterprise networks. This market specifically focuses on solutions designed for the complex networking requirements of businesses and organizations, setting aside options like consumer-grade networking hardware products such as basic WIFI routers and network switches. These network infrastructure components are crucial in environments where reliable and secure connectivity, as well as efficient network operations, are paramount, establishing them as a fundamental part of the IT infrastructure in various industries.

Structure:

The Network Infrastructure market is structured in two markets based on the services model provided by the companies.

Service Provider Network Infrastructure covers the hardware resources of telecommunication service companies that enable wired and wireless network connectivity and communication to transfer voice and data.
Enterprise Network Infrastructure covers the hardware resources that enable wired and wireless network connectivity, communication, operations, and management of enterprises.

Additional Information:

The Network Infrastructure market includes revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Only revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included, and revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B) as well as governments (B2G). Detailed definitions of each market can be found on the respective page where the market data is displayed.

Key players in the Network Infrastructure market include companies such as Huawei, HPE, Cisco, and Ericsson.

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Analyst Opinion

The Network Infrastructure market in Thailand is experiencing sluggish growth due to various factors such as limited investment in enterprise network infrastructure and slower adoption of digital technologies in the service provider sector. However, rising demand for data centers and increasing government initiatives to improve network connectivity could potentially drive growth in the future.

Customer preferences: With the rapid growth of cloud computing and data analytics in the Network Infrastructure Market within the Data Center Market, consumers are increasingly becoming more interested in AI and machine learning technologies. These advancements are enabling businesses to automate and streamline processes, leading to improved efficiency and cost savings. Additionally, there is a growing demand for edge computing solutions to support the increasing use of IoT devices and real-time data analysis.

Trends in the market: In Thailand, the Network Infrastructure Market within the Data Center Market is witnessing a shift towards cloud-based solutions and managed services. This trend is driven by the growing demand for digital services and the need for greater efficiency and scalability in data center operations. The adoption of 5G technology is also fueling this trend, as it allows for faster and more reliable connectivity. These developments are significant as they enable businesses to streamline their IT operations and improve their overall performance. However, they also pose potential challenges for industry stakeholders, such as the need for continuous upgrades and investments in technology to keep up with evolving trends. Additionally, there may be concerns around data security and privacy with the increasing reliance on cloud-based infrastructure.

Local special circumstances: In Thailand, the Network Infrastructure Market within the Data Center Market is heavily influenced by the country's geographical location and its role as a key hub for regional connectivity. Additionally, the country's favorable business environment and government initiatives promoting digital transformation have led to a surge in demand for data center services. The unique blend of traditional Thai culture and modern business practices also shapes the market landscape and drives the adoption of advanced networking solutions.

Underlying macroeconomic factors: The growth of the Network Infrastructure Market within the Data Center Market in Thailand is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investments in digital infrastructure. Thailand has a rapidly growing digital economy and is investing heavily in building a robust digital infrastructure, which is driving the demand for network infrastructure solutions in the country. Additionally, the increasing adoption of cloud-based services and the rise of data-dependent industries are propelling the growth of the Network Infrastructure Market in Thailand. Furthermore, favorable government policies and initiatives to promote digitalization and encourage foreign investment in the country are creating a conducive environment for the market to flourish.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.