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Key regions: United States, Germany, India, Japan, China
The Data Center market in Thailand is experiencing significant growth due to increasing customer demand for data storage and processing capabilities.
Customer preferences: Customers in Thailand are increasingly relying on digital services and online platforms for various activities such as e-commerce, social media, and digital banking. This has led to a surge in data generation, driving the need for efficient and secure data storage solutions. Additionally, businesses in Thailand are adopting cloud computing and big data analytics, which require robust data center infrastructure to handle large volumes of data and ensure reliable and fast access.
Trends in the market: One of the key trends in the Data Center market in Thailand is the shift towards colocation services. Many businesses prefer to outsource their data center needs to specialized providers, allowing them to focus on their core operations while benefiting from the expertise and scalability offered by colocation facilities. This trend is driven by factors such as cost savings, improved security, and access to advanced technologies. Another trend is the increasing adoption of green data centers in Thailand. With growing concerns about environmental sustainability, data center operators are investing in energy-efficient infrastructure and renewable energy sources to reduce their carbon footprint. This not only helps in meeting regulatory requirements but also appeals to environmentally conscious customers who prefer to work with eco-friendly partners.
Local special circumstances: Thailand has a strategic geographical location in Southeast Asia, making it an attractive destination for international businesses looking to expand their operations in the region. This has led to an influx of foreign investments in the country, including in the Data Center market. International data center providers are establishing their presence in Thailand to cater to the growing demand from both local and regional customers. Furthermore, the Thai government has been actively promoting digital transformation initiatives and supporting the development of the digital infrastructure. This includes the implementation of policies and regulations that encourage investment in data centers and the adoption of cloud computing. Such government support has created a favorable business environment for data center operators in Thailand.
Underlying macroeconomic factors: Thailand has a rapidly growing economy with a strong focus on digitalization and technology-driven industries. The country's increasing internet penetration rate and smartphone adoption have contributed to the surge in data generation and consumption. Additionally, the rise of e-commerce and the digital economy in Thailand has created a need for robust data center infrastructure to support online transactions and services. These underlying macroeconomic factors are driving the growth of the Data Center market in Thailand.
Data coverage:
The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.Modeling approach / Market size:
Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.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 and the Russia-Ukraine war is considered at a country-specific level.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)