Application Development Software - Thailand

Thailand is projected to witness a significant growth in the Application Development Software market.
By 2024, the revenue in this market is estimated to reach US$275.00m.
Looking ahead, the market is expected to exhibit a compound annual growth rate (CAGR) of 7.01% from 2024 to 2029.
As a result, the market volume is projected to reach US$385.90m by 2029.
When compared to other countries globally, United States is anticipated to generate the highest revenue in the Application Development Software market.
In 2024, United States is expected to generate a revenue of US$91.95bn, highlighting its dominant position in the market.
Thailand's growing software market is driving a surge in demand for application development software.

Definition:

The Application Development Software market covers software development tools used by developers to design, create, test, and deploy applications. These applications can be anything from mobile apps and web-based software to complex enterprise applications. Examples of software solutions in the Application Development Software market include a wide range of tools and technologies, such as integrated development environments (IDEs), code editors, compilers, debuggers, testing and deployment tools, and programming languages.

Products in the Application Development Software market can be obtained in two ways: as on-premises software that is sold via a transactional license or a subscription and as cloud-based software (software as a service/ SaaS) that is most frequently sold as a subscription.

Additional Information:

The Application Development Software market comprises revenue and revenue growth as the key performance indicators. Only the 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 the 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).

Key players in this market include Microsoft (Visual Studio), Eclipse, IntelliJ IDEA, NetBeans, and Xcode.

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

Application development software, such as Simplifier, Salesforce Platform, and Microsoft Visual Studio
Application and infrastructure middleware, such as Oracle Fusion Middleware, IBM WebSphere Application Server, and Microsoft BizTalk Server
Data management software, such as AWS, SAP Master Data Governance, and SQL Server Integration Service
Application platforms, such as Zoho Creator, Quickbase, and Salesforce Platform
Platform as a service (PaaS), such as Microsoft Azura, Google Cloud, and Engine Yard

Collaboration software, such as Google, Slack, and Zoom
Business intelligence and analytic software, such as Tableau, Zoho Analytics, and IBM
Custom applications, such as Sphinx Solutions, CHI Software, and Intellectsoft

The Application Development Software market in Thailand has been experiencing significant growth in recent years.

Customer preferences: Thailand's growing economy and increasing digitalization have led to a rise in demand for application development software. Small and medium-sized businesses are increasingly turning to software development to streamline their operations and improve their customer experience. Additionally, the rise of mobile devices has led to a surge in demand for mobile app development software.

Trends in the market: One of the key trends in the Thai application development software market is the shift towards cloud-based solutions. Cloud-based software development platforms offer greater flexibility and scalability, making them an attractive option for businesses of all sizes. Another trend is the increasing use of low-code and no-code development platforms, which allow businesses to create custom applications without the need for extensive coding knowledge.

Local special circumstances: One of the unique aspects of the Thai market is the high level of government support for the technology sector. The government has launched several initiatives aimed at promoting the development of the digital economy, including the establishment of digital parks and the provision of tax incentives for tech companies. This support has helped to create a favorable environment for software development companies in Thailand.

Underlying macroeconomic factors: Thailand's strong economic growth and increasing digitalization are the primary drivers of the application development software market. The country's GDP has been growing steadily in recent years, and the government has made significant investments in infrastructure and digital technology. Additionally, the rise of e-commerce and the increasing use of mobile devices have created a significant demand for software development services.In conclusion, the application development software market in Thailand is experiencing significant growth due to a combination of favorable customer preferences, market trends, and local special circumstances. The government's support for the technology sector and the country's strong economic growth are also significant underlying factors driving the market forward. As the digital economy continues to grow in Thailand, it is likely that the demand for application development software will continue to increase in the coming years.

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the allocation to the country where the money was 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, level of digitization, GDP sector composition, and observed level of software piracy.

Forecasts:

We use a variety of forecasting techniques, for instance, advanced statistical methods, 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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Imagine a world without the apps you use daily, the games you enjoy, or the websites you rely on. Software development is the invisible hand behind this digital magic, transforming ideas into the tools that shape our lives. Software development is the process of creating, designing, deploying, and supporting software. It includes all the computer activities between the software's conception and final manifestation.

These activities are planned and put into stages in a logical order, a process known as the software development life cycle (SDLC) or software development. The SDLC often includes six stages: requirement analysis, design, development, testing, implementation, documentation, and evolution. Programming languages such as JavaScript and C++ are used to create software, with JavaScript being the most popular programming language in 2023 and used by roughly 65 percent of software developers.