Albany, NY -- (SBWIRE) -- 07/23/2015 -- IT Market in Thailand

Thailand is one of the promising South-East Asian countries, which has transformed itself from being an agrarian to an industrial economy. The IT market has contributed significantly to the economic growth of the country. Following the widespread proliferation of the Internet, the country is transitioning into a digital economy. This has opened up new sources of revenue for several industries in Thailand, including telecommunications service providers, digital entertainment and gaming, and consumer electronics. In addition, the Internet-savvy population of Thailand is heavily taking to social media, mobile games, emails, and online shopping, resulting in high demand for IT and IT services in the country.

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The country's political turmoil has impacted economic growth though, in recent years. However, cloud and virtualization technologies are likely to prove beneficial in cases where mobility to workplaces is a challenge. The need for enterprise mobility is likely to stimulate demand for new technologies in the country.

Additionally, the government and the ICT Ministry has rolled out the 'Smart Thailand' strategy, a project that is part of the national ICT framework known as 'ICT 2020'. The Thai government has also launched a pilot project called 'Smart City', which empowers local industries to compete globally. The project requires wide penetration of Internet access to every house in the country and availability of affordable devices for its practical application. This gives great market opportunity for IT service providers. The IT Market in Thailand is categorised into hardware, software, and services.

Technavio forecasts IT market in Thailand market to grow at a CAGR of 6.83% during 2014-2019.

Covered in this Report

The Technavio report, namely IT Market in Thailand 2015-2019, is based on an in-depth market analysis, with inputs from industry experts. It covers the market landscape of the IT Market in Thailand and its growth prospects in the forecast period. The report also includes the key vendors operating in the market.

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Key Vendors

Cisco Systems
Hewlett-Packard
IBM
Microsoft

Other Prominent Vendors

Accenture
Acer
Advanced Systems Consulting
Amazon
Apple
Archos
Asus
Avaya
BMC Software
Borland
CA Technologies
Cognizant
Dell
eBay
ECS Holdings
Fujitsu
Google
Huawei
Kindgee International Software
Lenovo
Oracle
Samsung
SAP
Siemens
Symantec
Toshiba
UFIDA Software
Unisys

Market Driver

IT Initiatives by Government
For a full, detailed list, view our report

Market Challenge

Increasing Number of Cyber-attacks and Security Threats
For a full, detailed list, view our report

Market Trend

Emergence of IoT
For a full, detailed list, view our report

Key Questions Answered in this Report

What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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