Why Thailand/ASEAN

DigiTech ASEAN Thailand > Why Thailand/ASEAN

WHY THAILAND?

  • Thailand’s ongoing Eastern Economic Corridor (EEC) developments is driven by digitalization
  • Thailand’s 4.0 economic model is key to Thailand’s digital transformation agenda
  • Digital Economy (5G, IoT, Cloud & AI) to contribute 30% of GDP by 2030
  • AI will achieve market value of THB 114 billion in 2030, & THB 182 billion by 2035
  • Cloud market will reach US$1.7 billion by 2025, with annual growth of 23.4% (2020-2025)
  • Mobile Users : 46 million (67% of population)
  • Internet users: 57 million (74% of population)
  • Cybersecurity solution market to hit US$ 511 million by 2025
  • Big Data analytics market to hit THB 185 billion by 2030
  • Digital Payment to hit THB 4.73 billion by 2022
  • 5G subscriptions to hit 14 million by 2025
  • Blockchain market to reach THB 8.2 billion by 2025
  • Automation & robotics market will hit THB 1 trillion by 2035

WHY ASEAN?

  • World’s top 5 regions for digital technology applications by 2025
  • Digital market to hit US$500 billion by 2025
  • Over 400 million internet users
  • Internet economy to reach US$240 billion by 2025 in sectors such as e-commerce, online media, online travel, online delivery, ride-hailing, etc
  • GMV for e-commerce sector to reach US$102 billion in 2025
  • Manufacturing sectors all undergoing rapid digital transformations
  • Rapid growth in 5G ecosystem integrations with IoT, applications, solutions & networks