Thailand Information Technology (IT) Services Market – Industry Trends and Forecast to 2029

Thailand Information Technology (IT) Services Market, By Type (Managed Services, Professional Services), Business Function (Manufacturing/Development, Finance and Accounting Administration, Sales and Marketing, Operations and Support, Supply Chain Management, Human Resources and Procurement), Deployment Model (On-Premises, Cloud), Organization Size {Large Enterprise, Small and Medium Enterprises (SMEs)}, End User (Banking, Financial Services and Insurance (BFSI), Telecommunication, Manufacturing, Media and Entertainment, Government and Defence, Healthcare, Retail, Utility and Gas, Others) – Industry Trends and Forecast to 2029.

Thailand Information Technology (IT) Services Market Analysis and Size

With the constant evolution of smart connected devices in every industry vertical, there is an increasing demand for centralized manageable network-connected devices. Remote connectivity is becoming increasingly important for device management. The number of smart device manufacturers is rapidly increasing to meet this demand. IT Services are becoming increasingly popular because they enable users to remotely manage all connected devices, such as cars, mobile phones, wearables, and medical devices. Due to their 'Machine to Machine' capabilities and remote provisioning, IT Services are becoming increasingly popular among smart device manufacturers.

Data Bridge Market Research analyses that the information technology (IT) services market which 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. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Thailand Information Technology (IT) Services Market Scope and Segmentation

Market Definition

IT services is a cutting-edge facility that manages computer systems and equipment related to information technology. IT services connect infrastructure standards to end-user industry operational environment requirements. IT services are outsourced from a variety of companies around the world that provide the service based on the end user and customer requirements. The advancement of IT operations in the cloud-based platform has made IT services more data-driven and real-time. This adds value to the business by increasing business opportunity discovery, operational efficiency, and remote access optimization.

Information Technology (IT) Services Market Dynamics

Drivers

• High influence of cloud based software

The cloud-based software provides access to entire enterprise applications at a low cost, with no significant upfront investment in software and hardware. Similarly, cloud computing enables enterprises to more easily scale up and scale down their businesses. As a result, cloud-based IT services have recently become a more useful and cost-effective solution for SMEs. Furthermore, cloud computing provides new business capabilities and opportunities for SMEs. According to major IT service providers, cloud-based IT services can reduce the cost of IT deployment by 45%-50%. Many start-ups are investing in this technology in anticipation of future opportunities, and as a result, end users now have a plethora of vendors from which to choose.

• Increase in data volume

Increase in data volume represents a huge opportunity for IT service management. Similarly, as data volumes increase, colocation data centres are in high demand. Companies in this sector are increasingly digitizing their operations and services, increasing their reliance on IT Services. Process and manufacturing industries are embracing industrial IoT to improve operational efficiencies, resulting in the generation of massive amounts of data and a positive impact on the IT Services market.

Opportunities

• Remote learning

The pandemic has disrupted education in more than 150 countries, affecting 1.6 billion students. As a result, many countries engaged in some form of remote learning. As a crisis response, the education response during the early stages of COVID-19 focused on implementing remote learning modalities. However, they were not always effective, but as the pandemic progressed, so did education responses.

Restraints

• Complex structure

Low-current services and solutions with complex structures include structural cabling, CCTV solutions, advanced access control solutions, networking solutions, IP telephony systems & PABX solutions, PA system & VA system, master clock, and wireless solutions. The security risk associated with low current devices is that a single component failure can destroy the entire system. Data stored in CCTV systems may become corrupted. As a result, these security concerns may act as a brake on market growth.

This information technology (IT) services market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the information technology (IT) services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Thailand Information Technology (IT) Services Market

The vulnerability of supply chains has been exposed with the onset of COVID-19. Providers of critical IT services are part of most IT organizations' fragile ecosystems. Work-from-home mandates have compelled service providers to ensure that mission-critical enterprise customers have the tools and technologies they need to improve the speed, security, quality, and overall efficacy of services delivered. ??

Recent Development

• In March 2021 Ascend Technologies LLC, a leading Midwest IT solution provider, announced the completion of MSPAlliance's MSP Verify Program (MSPCV) certification and SOC 2 Type 2 as well as the MSPAlliance Cyber Verify Risk Assurance Rating for Managed Services and Cloud Providers.
• In January 2021 - Atos and IBM announced the expansion of a strategic Thailand alliance to assist businesses in accelerating digital transformation and optimizing business processes. Atos and IBM intend to collaborate to address business challenges in the Manufacturing, Energy, Utilities, Oil and Gas, Retail, and Transportation sectors. Asset Lifecycle Management Solutions, Asset Monitoring and Maintenance, Repair, and Operations (MRO) Optimization, Packaging, Transportation, and Logistics Optimization Solutions, and SMART Waste/Energy Monitoring and Optimization Solution are among the areas of focus.

Thailand Information Technology (IT) Services Market Scope

information technology (IT) services market is segmented on the basis of system, type, organization size and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

System

• Smart system
• Security system
• Control and automation

Type

• Professional services
• Managed services

Organization Size

• Large enterprises
• Small and medium enterprises

End User

• Commercial
• Industrial
• Residential
• Government
• Others

Information Technology (IT) Services Market Regional Analysis/Insights

The information technology (IT) services market is analyzed and market size insights and trends are provided by country, system, type, organization size and end-user as referenced above.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Thailand brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Information Technology (IT) Services Market Share Analysis

The information technology (IT) services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Thailand presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to information technology (IT) services market.

Some of the major players operating in the information technology (IT) services market are:

• 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)