According to TechSci Research report Thailand Data Center Market by Solution (IT Infrastructure, General Infrastructure, Electrical Infrastructure, Mechanical Infrastructure, Others), By Type (Corporate, Web Hosting), By End User Industry (Information Technology & Telecom, Government, BFSI, Healthcare, Others), By Region, Competition, Forecast & Opportunities, 2028F, Data protection has become a global priority, and Thailand is swiftly aligning its policies to address this critical issue. With increasing digitalization, faster internet speeds, and the rise of smart technologies driving high data consumption, the need for efficient data storage and processing is escalating. Thailand's growing digital economy and favorable government incentives present lucrative investment opportunities, significantly boosting demand for data centers in the country.
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The Thailand Board of Investment (BOI) promotion scheme plays a crucial role in attracting foreign investment. This scheme offers a variety of tax incentives and benefits to enterprises investing in data centers, including tax holidays of up to eight years, exemptions or reductions in import duties, and business facilitation services. This support is drawing substantial foreign investment into Thailand. Major industry players are responding to the increasing demand by making significant investments in the country. For example, in 2022, Amazon Web Services announced a plan to invest USD 5 billion over the next 15 years to expand its cloud service capacity in Thailand and the broader region. This investment is set to accelerate the growth of data centers in Thailand.
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The surge in smartphone usage and the growing need for high data and bandwidth capacity are driving the expansion of Thailand's data center market. The nation is well-positioned to become a key hub for data centers specializing in cloud computing technologies, including artificial intelligence, machine learning, and advanced analytics. Government initiatives, such as the digital economic cluster policy, aim to strengthen the industrial value chain and enhance Thailand's investment potential. These measures are fostering collaboration in technological developments, including cloud services, data centers, and software parks. Such initiatives are expected to provide a solid foundation for the evolving data center market in Thailand through 2028.
The Thailand data center market is segmented by solution, type, and end-user industry. Solutions include IT infrastructure, general infrastructure, electrical infrastructure, mechanical infrastructure, and others. Types are divided into corporate and web hosting. End-user industries include information technology & telecom, government, BFSI (banking, financial services, and insurance), healthcare, and others.
In 2022, the IT infrastructure segment exhibited notable growth due to the rising demand for digital infrastructure in sectors like banking/fintech, telecommunications, energy, smart agriculture, and government. Thailand has developed one of the most advanced internet infrastructures in ASEAN, driven by continuous investment. According to the International Data Corporation (IDC), there is a growing interest and demand for cloud services in Thailand, a major data market. Additionally, infrastructure development is crucial for economic growth. In 2021, Thailand had 61 million internet users, accounting for 85% of the population. The National Digital Economy and Society Commission (NDESC) has announced plans to expand broadband services to 75,000 villages, aiming to increase the country's digital economy to 30% by 2027. The expanding applications of IT training, consulting, software solutions, data centers, and online services present opportunities for service providers.
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Key market players in the Thailand data center market include:
- KDDI (Thailand) Ltd.
- True Internet Data Center Co., Ltd (Thailand)
- CS LoxInfo Data Center
- Tcc Technology Co Ltd (Thailand)
- NTT (Thailand) Ltd.
- G-Able Public Company Limited
- AIS-CSL
- Bridge Data Centers (Thailand) Ltd.
- JasTel Network Co., Ltd.
- ST Telemedia Thailand Pte. Ltd.
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“The Thailand government has welcomed huge Foreign Direct Investment (FDI) under the automatic route. The country received a foreign direct investment (FDI) of USD 20 billion during 2022, a rise of 39 percent as compared to 2021. The strategic geographical presence and supply chain has displayed strong investor confidence from global leaders such as Amazon web services, NTT Ltd, ST Telemedia Global Data Centers (STT GDC), and many more. Central Thailand region, being the most popular hub in both domestic and commercial infrastructure holds the largest market share of data centers, benefiting from the presence of a landing station and submarine cable connectivity in the region. Bangkok has the establishment of maximum data centers in the Central Thailand region. The introduction of 5G networks and cloud services will strengthen the region's digital economy and increase the demand for high-bandwidth networking infrastructure. In addition, the huge volume of internet traffic and the presence of several cloud services providers are further attributing to the market growth. Due to investments from colocation providers along with data centers are constructions. Moreover, the development in Eastern Economic Corridor’s Amata City Chonburi industrial estate offering the new infrastructure to the enterprises with scalable IT infrastructure, optimum power efficiency are attracting the entry of new market players to build local data centers in Thailand,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
Thailand Data Center Market by Solution (IT Infrastructure, General Infrastructure, Electrical Infrastructure, Mechanical Infrastructure, Other), By Type (Corporate, Web Hosting), By End-User Industry (Information Technology & Telecom, Government, BFSI, Healthcare, Others), By Region, Competition, Forecast & Opportunities, 2028F has evaluated the future growth potential of the Thailand data center market and provides statistics & information on market size, structure, and future market growth. The report's goal is to give current market knowledge and assist decision makers in making informed investment decisions. Furthermore, the study identifies and analyses emerging trends, as well as key drivers, challenges, and opportunities in the Thailand data center market.
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