Market Insights Technology IT Services IT Outsourcing

Web Hosting - Thailand

Thailand

The Web Hosting market in Thailand is expected to experience significant growth in the coming years.
According to projections, the revenue in this market is set to reach US$277.60m by 2024.
Furthermore, it is anticipated that the market will continue to expand at an annual growth rate of 18.38%, resulting in a market volume of US$645.40m by 2029.
In terms of the average Spend per Employee, it is estimated to reach US$6.90 in 2024.
This indicates the amount of investment made per employee in the Web Hosting market sector.
When considering the global perspective, United States is expected to generate the highest revenue in the Web Hosting market, with a projected amount of US$58,300.00m in 2024.
This highlights the dominance of the United States in this market segment.
Overall, these numbers demonstrate the potential growth and opportunities in the Web Hosting market in Thailand.
With increasing revenue and investments, it is clear that this industry is poised for significant development in the coming years.
Thailand's web hosting market is rapidly expanding, driven by the country's growing digital economy and increasing demand for online presence.

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

Market

Region

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Currency

Analyst Opinion

Thailand has seen a significant growth in its Web Hosting market in recent years, with an increasing number of businesses opting for online presence.

Customer preferences: Thai customers prefer web hosting services that offer easy-to-use interfaces and quick loading speeds. They also tend to opt for services that provide reliable uptime and strong security features.

Trends in the market: The Web Hosting market in Thailand has seen a rise in cloud-based hosting services due to their scalability and cost-effectiveness. Additionally, there has been an increase in the demand for managed hosting services, as businesses look to outsource their IT needs to focus on core operations. Another trend in the market is the rise of e-commerce, which has led to a higher demand for web hosting services that can handle high traffic volumes and provide secure payment gateways.

Local special circumstances: Thailand has a large population of small and medium-sized enterprises (SMEs), which has led to a growth in the demand for affordable web hosting solutions. Additionally, the Thai government has been promoting the use of technology in businesses, which has led to an increase in the adoption of web hosting services. However, the market is highly competitive, with many local and international players vying for market share.

Underlying macroeconomic factors: Thailand has a growing economy and a large population that is increasingly connected to the internet. This has led to a rise in online businesses and a higher demand for web hosting services. Additionally, the government has been investing in improving the country's digital infrastructure, which has led to better internet connectivity and faster speeds. However, the market is also affected by external factors such as global economic conditions and geopolitical tensions.

Methodology

Data coverage:

The data encompasses B2G, B2B, and B2C enterprises. Figures are based on enterprises' technology spending on products, consulting, and outsourcing services.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players in the industry, Statista's primary research and surveys, and IT associations. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, internet users, and telecommunication. 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 is based on the behavior of the relevant market. For example, the exponential trend smoothing method is used based on the market data characteristics. The main drivers are the GDP and its sector composition, internet penetration, the level of digitization, and the attitude toward IT security.

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.