Thailand ICT Articles & Analysis

Chapter | ICT from The Report: Thailand 2018

Thailand has seen tremendous growth in its technology sector in recent years and is now increasingly regarded as one of the industry leaders in South-east Asia. The government recognises the benefits that a vibrant ICT sector can have for the wider economy and plans to push ahead with a series of ambitious legacy projects. The state’s objectives for the sector are based around its Thailand 4.0...

In its April 2018 Economic Monitor for Thailand, the World Bank reported that GDP growth accelerated to 3.9% in 2017, from 0.91% in 2014, 2.94% in 2015 and 3.23% in 2016. This was the fastest expansion since the 7.24% recorded in 2012, and was driven by strong global growth, increased export revenue and a modest recovery in private consumption.

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High rates of digital banking growth and an increase in online transactions have coincided with new investment in Thailand’s e-commerce segment, with online shopping market share expected to treble within five years.

 

In line with its ambitions to become a leading centre of high-value technology development and manufacturing in South-east Asia, Thailand is positioning itself at the forefront of global moves to adopt 5G. The new technology is expected to increase download speeds by up to 10 Gbps over 4G.

 

Smart cities form an essential component in the government’s broader vision of transforming Thailand into a high-income, knowledge-based economy. The ultimate aim is to create 100 smart cities across all 77 provinces by 2040, with an initial focus on three pilot cities in Phuket, Chiang Mai and Khon Kaen. The initiative is being supported by...

 

How do you perceive the development of integrated on-demand services, and what has influenced this change in market strategy?

 

Blockchain – the distributed-ledger technology that underpins cryptocurrencies such as Bitcoin – appears set to transform a wide variety of industries and perhaps fundamentally change the way business is conducted across the global economy.

 

Thailand has seen tremendous growth in its technology sector in recent years and is now increasingly regarded as one of the industry leaders in South-east Asia. The government recognises the benefits that a vibrant ICT sector can have for the wider economy and plans to push ahead with a series of ambitious legacy projects. The state’s...