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IT Market in Thailand 2012-2016

Thailand IT market: 11% CAGR growth expected between 2012-2016


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2014-01-28 10:36:03 - IT Market in Thailand 2012-2016 - a new market research report on companiesandmarkets.com

The Thailand IT market is to grow at a CAGR of 10.74 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing sale of computing devices. The IT market in Thailand has also been witnessing the rapid adoption of social media. However, the slow implementation of broadband and new technology could pose a challenge to the growth of this market.

Currently, more than 30 percent of the population is using the internet in Thailand. There are approximately 7 million internet users. When it comes to social media, companies in Thailand have been adopting it at a very fast rate. Companies use social media to promote their products or services online, and to reach

 

 

a wide number of audiences. They also use social networking sites such as Twitter and Facebook as an advertising platform to test their latest products, services, and solutions and to receive feedback from the public. In addition, companies are using social networking sites and search engines to identify people with potential talent and experience and to carry out background checks. This will give an insight into the candidates´ personalities and their past and present activities.

One of the major factors is the increase in computer sales. There has been an increase in the sales of computing devices in the Retail and the Corporate sectors. Organizations as well as individuals these days are increasingly deploying smart devices such as laptops and tablets, thus boosting the IT market in the country.

One of the key challenges is the delay in the implementation of broadband and new technologies. With the expected technological changes, vendors need to increase their investments in training customers. Increased investment in training increases the overall cost of developing newer technology, thereby reducing vendors´ profit margins.

The key vendors dominating this space include Acer Inc., Advanced Information Technology Public Co. Ltd., Hewlett-Packard Co., and IBM Corp. The other vendors mentioned are A I System Co. Ltd, Accounting and System Analysis Co. Ltd., Arcadia Soft Company Ltd., Blue D zine Co., Ltd., DevService, Cube of Nine Co., Ltd., Enterprise Computing Services Co., Ltd., i-App Creation Co., Ltd., Longkong Studio Co. Ltd., Magic Software Corp., Ltd., Manoa Software, Mobile Technology for Thailand, SoftControl, and Triple IT Services Co., Ltd.

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