Infrastructure as a Service - Thailand

Thailand

Revenue in the Infrastructure as a Service market is projected to reach US$0.61bn in 2024.
0 dominates the market with a projected market volume of 0 in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.27%, resulting in a market volume of US$1.60bn by 2029.
In global comparison, most revenue will be generated in the United States (US$77,050.00m in 2024).

Key regions: United Kingdom, China, France, Netherlands, Germany

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Analyst Opinion

The Infrastructure as a Service market in Thailand is undergoing considerable growth, influenced by factors like rising adoption of digital technologies, increased health awareness, and the convenience of online health services.

Customer preferences: A growing digital economy in Thailand has led to a rise in demand for Infrastructure as a Service solutions, with businesses seeking flexible and cost-effective cloud computing services. This is driven by a shift towards remote work and the need for efficient and secure data storage and management. Additionally, the country's young and tech-savvy population is driving the adoption of cloud-based infrastructure, highlighting a shift towards digitalization in the business landscape.

Trends in the market: In Thailand, there is a growing trend of businesses adopting Infrastructure as a Service (IaaS) solutions in the Public Cloud Market. This is driven by the increasing demand for scalable and cost-effective IT infrastructure. Companies are also leveraging IaaS to modernize their existing systems and improve operational efficiency. This trend is expected to continue, with more organizations shifting towards a cloud-first approach. This has significant implications for industry stakeholders, as it presents opportunities for cloud service providers to offer customized IaaS solutions and for businesses to optimize their IT infrastructure. Additionally, the adoption of IaaS is expected to drive the growth of the overall public cloud market in Thailand.

Local special circumstances: In Thailand, the Infrastructure as a Service Market within the Public Cloud Market is heavily influenced by the country's geographical location and cultural values. As a major hub for international trade and tourism, Thailand has a strong demand for reliable and efficient cloud infrastructure. Additionally, the government's push for digital transformation and initiatives to promote foreign investment have also contributed to the growth of the public cloud market. However, strict data privacy laws and regulations have posed challenges for cloud service providers, requiring them to adapt to the local market's unique needs and regulations.

Underlying macroeconomic factors: The Infrastructure as a Service Market within the Public Cloud Market in Thailand is influenced by macroeconomic factors such as government investment in digital infrastructure, favorable regulatory policies, and overall economic health. The country's strong commitment to digital transformation and its growing investment in cloud technology have created a conducive environment for the growth of the market. Additionally, the increasing adoption of cloud-based solutions in various industries, such as banking, healthcare, and e-commerce, is also contributing to the market's growth. However, challenges such as data privacy concerns and limited IT infrastructure in certain regions may hinder market growth. Overall, Thailand's growing economy and favorable policies make it a promising market for Infrastructure as a Service within the Public Cloud Market.

Methodology

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

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 is considered at a country-specific level.