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 Data Center market in Thailand is experiencing moderate growth, influenced by factors such as increasing demand for digital technologies, growing awareness of health and convenience among consumers. The subdued growth rate could be attributed to challenges faced by both Service Provider and Enterprise Network Infrastructure sub-markets, such as competition and economic uncertainties. However, with the rising need for efficient and reliable network infrastructure, the market is expected to see a gradual increase in growth in the coming years.

Customer preferences: With the rise of cloud computing and the increasing demand for faster and more reliable internet connections, the Network Infrastructure Market within the Data Center Market in Thailand has seen a shift towards adopting advanced networking technologies. This includes the implementation of software-defined networking (SDN) and network function virtualization (NFV) to improve network agility and efficiency. Additionally, the growing use of mobile devices and the internet of things (IoT) has led to a greater need for scalable and flexible network infrastructure solutions to support the increasing volume of data traffic.

Trends in the market: In Thailand, the Network Infrastructure Market within the Data Center Market is experiencing a shift towards cloud-based solutions, with more businesses adopting hybrid and multi-cloud strategies. This trend is driven by the increasing demand for scalability and flexibility in data storage and management. Additionally, there is a growing focus on data security and privacy, leading to investments in advanced networking technologies such as software-defined networking and network virtualization. These developments are significant for industry stakeholders as they enable them to better manage and optimize their data center operations and meet the evolving needs of their customers. Moreover, this trend has potential implications for the network infrastructure market, as it is expected to drive the demand for high-speed connectivity, advanced networking equipment, and network management solutions.

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 rapidly growing digital economy. The government's initiatives to promote digital transformation and investments in high-speed connectivity have led to a surge in demand for data center services. Additionally, Thailand's unique cultural values, such as the preference for face-to-face interactions, have resulted in a hybrid approach to data center operations, with a mix of traditional and digital solutions being utilized. These factors contribute to the dynamic and evolving nature of the Network Infrastructure Market in Thailand.

Underlying macroeconomic factors: The Network Infrastructure Market within the Data Center Market in Thailand is heavily impacted by macroeconomic factors such as government initiatives to improve digital infrastructure, investments in technology, and global economic trends. The country's stable economic growth and favorable policies towards technology and innovation have led to a surge in demand for data center services. Additionally, the increasing adoption of cloud computing and the rise of the digital economy in Thailand have further fueled the growth of the Network Infrastructure Market within the Data Center Market.

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.