Data Center - Thailand

Thailand

Revenue in the Data Center market is projected to reach US$2.35bn in 2024.
Network Infrastructure dominates the market with a projected market volume of US$1.72bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.01%, resulting in a market volume of US$3.00bn by 2029.
In global comparison, most revenue will be generated in the United States (US$123.20bn in 2024).

Key regions: United States, Germany, India, Japan, China

Definition:

The Data Center market is a critical segment of the technology industry focusing on supplying and managing physical infrastructure necessary for hosting and operating IT systems, primarily servers, storage, and network equipment. This market spans from traditional in-house data centers to sophisticated facilities offered by specialized providers, covering services like hosting, shared data center facilities, and managed data center solutions. It targets a diverse client base, ranging from small businesses to large enterprises, offering flexible, scalable solutions for their IT infrastructure needs. This sector is integral to the efficient functioning and security of IT operations in various organizations.

Structure:

The Data Center market is structured in three markets based on the services model provided by the companies.

The Server market covers the resources and services related to servers, integral for hosting websites, managing databases, and supporting cloud computing.
The Storage market covers the resources and services related to data storage systems, crucial for archiving, data backup, and ensuring data recovery.
The Network Infrastructure market covers the resources and services related to network hardware essential for ensuring connectivity, data transmission, and network security.

Additional Information:

The Data Center market includes revenue, revenue change, average spend per employee, and key player market shares as key performance indicators. Market values represent revenues paid to primary vendors at the manufacturer price level either directly or through distribution channels (excluding VAT). 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 Data Center market include companies such as Dell, HPE, Huawei, and Ericsson.

For more information on the data displayed, use the info button right next to the boxes.

Market

Region

Region comparison

Currency

Analyst Opinion

Over the past few years, Thailand has seen a significant growth in its Data Center market, driven by various factors shaping the industry landscape in the country.

Customer preferences: Customers in Thailand are increasingly demanding higher data processing speeds, greater storage capacity, and enhanced security features in Data Centers. This is in line with global trends where businesses are generating and relying on more data than ever before, requiring robust infrastructure to support their operations.

Trends in the market: One of the prominent trends in the Data Center market in Thailand is the shift towards cloud services and colocation facilities. Businesses are opting to outsource their data management needs to specialized Data Centers to improve efficiency and reduce costs. Additionally, there is a growing focus on sustainability and energy efficiency in Data Centers, with companies looking for environmentally friendly solutions.

Local special circumstances: Thailand's geographical location and climate pose unique challenges for Data Center operators. The country's hot and humid weather requires specialized cooling systems to maintain optimal operating conditions, adding to the overall operational costs. Moreover, the risk of natural disasters such as floods and earthquakes underscores the importance of disaster recovery and backup solutions in Data Centers located in Thailand.

Underlying macroeconomic factors: The growing digital economy in Thailand, coupled with increasing internet penetration and smartphone usage, is driving the demand for Data Center services in the country. As more businesses digitize their operations and adopt technologies like IoT and AI, the need for reliable and secure data storage solutions continues to rise. Additionally, government initiatives to promote digital transformation and attract foreign investments are creating a favorable environment for the Data Center market to flourish in Thailand.

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.