Microsoft, IBM Corporation and Accenture are Dominating the Thailand IT Services Market in 2019

Thailand IT Services Market is expected to grow with the CAGR of 3.9% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Thailand IT services market is a highly fragmented market, which includes number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Thailand IT services market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in June 2019, Wipro Limited expanded its service geography by offering information technology services in South East Asia. The expansion included partnership with eight central banks of Thailand by decentralising digital currency through blockchain. The expansion helped the company to broadened its market in Thailand.

Microsoft is the dominating player in Thailand IT services market. The other key players existing in the market includes Wipro Limited, Accenture, Cognizant, IBM Corporation, Oracle, Hewlett Packard Enterprise Development LP, Telefonaktiebolaget LM Ericsson, DXC Technology Company, AD System Asia Co., Ltd., Aware Corporation Limited, Jan IT, Infinity IT Success, Skywave Technologies (Thailand) Co., Ltd., Huawei Technologies Co., Ltd., Thaipcsupport, CDG Group, YipInTsoi Consulting Co.,Ltd., Loxley, Internet Thailand Public Company Limited, SourceMash, Adastra, TechSpace Co., Ltd, GoPomelo Co., Ltd, Marubeni Software & Technology (Thailand) Co., Ltd., FUJITSU, NEC Corporation, NTT Limited (A Subsidiary of Nippon Telegraph and Telephone Corporation), and ABeam Consulting Ltd. among others.

Thailand IT Services MarketMicrosoft

Microsoft is headquartered in Washington, U.S. and was founded in year 1975. The company focuses on providing consulting services for enterprise technology to solve the business problems. The company operates in product, service and other segments out of which service and other are market focused segment. The company offers wide range of service categories such as expertise, ingenuity, empowerment, digital advisors, consulting and support in which digital advisors, and consulting are market focused categories.

  • In April 2015, Microsoft announced partnership with Predixion Software for developing a healthcare solution which is Preventable Readmission and Length of Stay Management in countries such as Thailand, Philippines, Indonesia, Malaysia, Australia, New Zealand, Singapore and Korea. The solution features predictive capabilities using critical data insights for better results of healthcare solutions. The new partnership increased the customer base of the company.

The company has wide global presence across North America, Latin America, Europe, Middle East & Africa, Asia-Pacific with its various subsidiaries such as Skype Technologies (U.S.), Citus Data, Inc. (U.S.), Xamarin (U.S.), LinkedIn Corporation (U.S.), FSLogix, Inc. (U.S.) among others.

IBM Corporation

IBM Corporation is headquartered in New York, U.S. was founded in 1911. The company focuses on providing services for processes and infrastructure and business models to increase the growth of the client company. The company operates in cloud & cognitive solutions, global business services, global technology services, systems, global financing and other segments out of which global technology services is market focused segment. The company offers service categories which are application services, business process and operations, business continuity services, business strategy and design, cloud services, digital workplace services, network services, salesforce consulting services, security services, technology consulting services, technology support services out of which application services, cloud services, security services, technology consulting services, and technology are market focused categories.

  • In August 2019, IBM Corporation announced partnership with Customs Department of Thailand to deliver TradeLens, which is a logistics platform jointly supported by IBM and Maersk. This enabled the custom of Thailand to keep the track at the time of shipping containers leaving their ports of origin. The new partnership increased the client portfolio in Thailand.

The company has wide global presence across North America, South America, Europe, Middle East & Africa, Asia-Pacific and generates revenue from subsidiaries such as FileNet (U.S.), Trusteer (U.S.), Urbancode (U.S.), The Weather Company (U.S.), IBM Global Services (U.S.), SoftLayer (U.S.) among others.

Accenture

Accenture is headquartered in Dublin, Ireland was incorporated in 2009. The company focuses on providing end-to-end solutions and services by operating in various domains such as operations, technology, digital, consulting and strategy. The company operates in communications, media & technology, financial services, health & public service, products and resources segments out of which communications and media & technology are market focused segments. The company provides strategy & consulting, interactive, technology, operations services out of which strategy & consulting, technology, operations are market focused product categories.

  • In October 2018, Accenture announced partnership with Digital Ventures Co. Ltd, which is known for financial technologies. The strategic partnership resulted in the launch of First-of-its-Kind Blockchain solution in Thailand. The new solution allowed companies to simplify the buying and selling of goods, obtaining financing and making and receiving payments. The new solution through partnership helped the company to establish its larger market share in the country.

The company has presence across the globe in Africa, Asia-Pacific, Europe, Middle East, North America, and South America. In addition to it, the company also generates its revenue from the various subsidiary companies such as Avanade (U.S.), IMJ Corporation (Japan), Droga5 (U.S.), Mudano Limited (U.K.) and Kurt Salmon (U.S.) among others.