Information technology (IT) services play a crucial role in today's interconnected world, enabling efficient communication, data management, and decision-making for businesses and individuals. These services enhance productivity by automating processes, ensuring seamless connectivity, and providing real-time access to information. IT services also contribute to innovation, driving advancements in various industries through software development, data analysis, and digital solutions. They support cybersecurity efforts, safeguarding sensitive information and networks from threats.
According to Data Bridge Market Research analyses the Thailand Information Technology (IT) Services Market was growing at a value of 7.22 billion in 2021 and is expected to reach the value of USD 10.19 billion by 2029, at a CAGR of 4.4% during the forecast period of 2022-2029.
"High influence of cloud-based software boosts the market growth"
The high influence of cloud-based software serves as a significant driver in the Thailand information technology (IT) services market. Cloud solutions offer scalable, cost-effective, and flexible alternatives, enabling businesses to optimize their operations. This trend fosters digital transformation, enhancing efficiency and competitiveness across industries. In Thailand, the adoption of cloud-based software is pivotal in facilitating remote work, fostering innovation, and ensuring data security.
What restraints the growth of Thailand information technology (IT) services market?
“Complex structure hinders the market growth”
The Thailand information technology (IT) services market faces a complex structure, impeding its growth. Regulatory hurdles, fragmented industry standards, and diverse market players contribute to a challenging landscape. Limited infrastructure development and uneven technological adoption across regions further constrain the market. The presence of legacy systems and resistance to digital transformation pose obstacles.
Segmentation: Thailand Information Technology (IT) Services Market
The Thailand information technology (IT) services market is segmented on the basis of type, business function, deployment model, organization size, and end-user.
- On the basis of type, the Thailand information technology (IT) services market is segmented into managed services, and professional services
- On the basis of business function, the Thailand information technology (IT) services market is segmented into manufacturing/development, finance and accounting administration, sales and marketing, operations and support, supply chain management, human resources and procurement
- On the basis of deployment model, the Thailand information technology (IT) services market is segmented into on-premises, cloud
- On the basis of organization size, the Thailand information technology (IT) services market is segmented into large enterprise, small and medium enterprises (SMEs)
- On the basis of end-user, the Thailand information technology (IT) services market is segmented into banking, financial services and insurance (BFSI), telecommunication, manufacturing, media and entertainment, government and defence, healthcare, retail, utility and gas, and others
To know more about the study visit, https://www.databridgemarketresearch.com/reports/thailand-it-services-market
Recent Developments in Thailand Information Technology (IT) Services Market
- In March 2021, Ascend Technologies LLC, a premier Midwest IT solution provider, celebrated achieving MSP Alliance's MSP Verify Program (MSPCV) certification, SOC 2 Type 2, and MSP alliance cyber verify risk assurance rating for managed services and cloud providers
- In January 2021 marked the strategic expansion of the alliance between Atos and IBM, aimed at propelling digital transformation and streamlining business processes in Thailand. Together, they plan to tackle challenges in manufacturing, energy, utilities, oil and gas, retail, and transportation, focusing on solutions such as asset lifecycle management, monitoring, maintenance, repair, operations (MRO) optimization, packaging, transportation, logistics, and smart waste/energy monitoring
The Prominent Key Players Operating in the Thailand Information Technology (IT) Services Market Include:
- TechSpace Co., Ltd. (Thailand)
- Atos SE (Thailand)
- Clarity IT Co., Ltd., (Thailand)
- Infinity IT Success Ltd., (Thailand)
- Jan IT Co., Ltd., (Thailand)
- Dimension Data (Thailand)
- Innovation (Thailand)
- SafeComs (Thailand)
- AD System Asia Co., Ltd. (Thailand)
- DCS (Thailand)
- Ingram Micro (Thailand)
- SUPERNAP (U.S.)
- Skywave Info Solutions PVT. LTD. (Thailand)
Above are the key players covered in the report, to know about more and exhaustive list of Thailand information technology (IT) services market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Thailand Information Technology (IT) Services Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
