Boston, MA -- (SBWire) -- 09/18/2015 --Fast Market Research announces the availability of Technavio's new report "IT Market in Thailand 2015-2019" on their comprehensive research portal.

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.

Get More Details on this Report and a Full Table of Contents at IT Market in Thailand 2015-2019

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.

Get More Details on this Report and a Full Table of Contents at IT Market in Thailand 2015-2019

The report analyst commented, "The Internet of Things (IoT), if implemented properly, can create numerous business opportunities across most sectors. IoT solutions connect different devices and collect data in real time. By applying analytical solutions to collected data, different sectors can identify trends in the market and create opportunities to generate revenue. Similarly, big data is another emerging trend in the country that may enable firms to manage massive amounts of potentially useful data. Greater Internet penetration will serve as an opportunity for IT firms in Thailand to expand their customer base."

According to the report, different government initiatives, like the introduction of software parks in the country, are attracting investments and driving the IT market. Software parks in the country are offered tax exemptions and provide job opportunities. The main objective to open the software parks is to improve the competitiveness of Thailand's IT players and boost entrepreneurship in the country.

Further, the report states that with the advent of online technologies, there has been a substantial rise in the number of cyber-attacks on Thailand's mobile banking services.

The key players in the IT Market in Thailand are Cisco Systems, Hewlett-Packard, IBM and Microsoft while other prominent vendors include 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 and Unisys

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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