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Thailand ICT Market 2026-2031 - Growth Driven by Digital Transformation and 5G Expansion

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IBM IBM is mentioned as a company profile in the context of the Thailand ICT market analysis, indicating its participation or relevance in the sector. The article does not provide specific sentiment towards IBM's performance or prospects. DELL Dell Technologies Inc. is listed as a company profile within the Thailand ICT market report. The article does not offer specific sentiment or performance details for Dell. AMZN Amazon Web Services, Inc. is mentioned as a company profile in the context of the Thailand ICT market analysis. The article does not provide specific sentiment towards AWS's performance or prospects. GOOG Google LLC is listed as a company profile within the Thailand ICT market report. The article does not offer specific sentiment or performance details for Google. MSFT Microsoft Corporation is mentioned as a company profile in the context of the Thailand ICT market analysis. The article does not provide specific sentiment towards Microsoft's performance or prospects. ORCL Oracle Corporation is listed as a company profile within the Thailand ICT market report. The article does not offer specific sentiment or performance details for Oracle. SAP SAP SE is mentioned as a company profile in the context of the Thailand ICT market analysis. The article does not provide specific sentiment towards SAP's performance or prospects. CTSH Cognizant Technology Solutions Corporation is listed as a company profile within the Thailand ICT market report. The article does not offer specific sentiment or performance details for Cognizant. WIT Wipro Limited is mentioned as a company profile in the context of the Thailand ICT market analysis. The article does not provide specific sentiment towards Wipro's performance or prospects. ERIC Ericsson AB is listed as a company profile within the Thailand ICT market report. The article does not offer specific sentiment or performance details for Ericsson. NOK Nokia Corporation is mentioned as a company profile in the context of the Thailand ICT market analysis. The article does not provide specific sentiment towards Nokia's performance or prospects. CHKP Check Point Software Technologies Ltd. is listed as a company profile within the Thailand ICT market report. The article does not offer specific sentiment or performance details for Check Point. PANW Palo Alto Networks, Inc. is mentioned as a company profile in the context of the Thailand ICT market analysis. The article does not provide specific sentiment towards Palo Alto Networks' performance or prospects. HPE Hewlett Packard Enterprise Company is mentioned as a company profile in the context of the Thailand ICT market analysis. The article does not provide specific sentiment towards HPE's performance or prospects. STX Seagate Technology Holdings plc is listed as a company profile within the Thailand ICT market report. The article does not offer specific sentiment or performance details for Seagate. CSCO Cisco Systems, Inc. is mentioned as a company profile in the context of the Thailand ICT market analysis. The article does not provide specific sentiment towards Cisco's performance or prospects.

Thailand ICT Market 2026-2031 - Growth Driven by Digital Transformation and 5G Expansion Dublin, Sept. 11, 2026 (GLOBE NEWSWIRE) -- "Thailand ICT - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026-2031)" has been added to ResearchAndMarkets.com's offering.

Thailand ICT Market Forecast to Reach USD 33.08 Billion by 2031 as 5G, Cloud and Industry 4.0 Investments Accelerate

The Thailand ICT market is positioned for strong expansion as nationwide 5G deployment, public-sector cloud adoption and enterprise digital transformation stimulate demand for technology products and services. The market is expected to increase from USD 17.74 billion in 2025 to USD 19.68 billion in 2026 before reaching USD 33.08 billion by 2031. This represents a compound annual growth rate of 10.95% from 2026 to 2031.

Growth is being supported by rising investment in IT hardware, software, services, infrastructure, cybersecurity and communication services. Government agencies, financial institutions, manufacturers, energy companies and other enterprises are modernizing legacy systems while adopting cloud platforms, artificial intelligence, data analytics and connected technologies. Large enterprises continue to lead technology spending, while the digital maturity of small and medium-sized enterprises remains an important factor shaping long-term market development.

Nationwide 5G Deployment Creates New Enterprise Opportunities

Thailand's 5G rollout reached approximately 95% population coverage by 2024, establishing the connectivity foundation required for advanced industrial and commercial applications. Manufacturers are implementing 5G-enabled sensors and artificial intelligence analytics to improve predictive maintenance, reduce unplanned downtime and increase production efficiency. Logistics providers are also using real-time tracking tools to strengthen supply chain visibility and operational control.

Telecommunications operators are expanding beyond traditional consumer voice and data services by introducing network slicing and dedicated connectivity for mission-critical enterprise applications. Spectrum allocations and infrastructure-sharing rules established by the National Broadcasting and Telecommunications Commission are helping reduce deployment costs, particularly outside Bangkok. Higher 5G handset penetration and growing monthly mobile data consumption are further strengthening Thailand's digital ecosystem.

Cloud-First Policy Accelerates Public- and Private-Sector Adoption

The Thai government's cloud-first policy is another major driver of ICT market growth. Since 2024, public-sector agencies have been required to justify on-premises technology procurement as an exception, encouraging ministries to migrate legacy applications to approved domestic cloud environments. These platforms are expected to comply with ISO 27001 requirements and Thailand's Personal Data Protection Act.

The THB 15 billion, or approximately USD 0.47 billion, Smart Nation Smart Life program is funding shared application programming interface gateways and ThaiLLM, a sovereign large language model platform hosted in government-approved cloud infrastructure. State-owned enterprises are also publishing service catalogs through a centralized procurement portal, improving visibility for technology vendors and supporting more efficient integration.

Government cloud frameworks are influencing regulated industries, including banking and financial services, where organizations are aligning cloud security standards with public-sector requirements. This activity is creating broader demand for cloud migration, implementation support, cybersecurity, compliance services and specialized digital skills across the Thailand ICT market.

IT Services Lead the Thailand ICT Market

IT services accounted for the largest market share in 2025 at 32.08%, supported by managed services agreements, IT outsourcing and multi-cloud migration projects. Telecommunications companies are outsourcing network operations, while manufacturers are engaging systems integrators to implement predictive maintenance and connected-factory solutions.

Cloud services are projected to grow at an 11.45% CAGR as organizations modernize traditional applications and adopt API-driven microservices. Hardware demand remains supported by 5G network upgrades, edge-computing deployments and data-center capital expenditure. Cybersecurity spending is also increasing as organizations respond to phishing, ransomware, data breaches and other persistent threats.

The shift from capital expenditure to operating expenditure is reshaping vendor revenue models and increasing demand for subscription-based technology services. PTT Exploration and Production's transition to a cloud-native development platform reportedly reduced application release cycles by 480%, demonstrating the operational benefits of legacy system modernization. Low-code tools are also gaining traction by enabling business teams to develop and test applications while reducing pressure on Thailand's limited pool of advanced software talent.

SME Digital Skills and Cybersecurity Gaps Remain Key Challenges

Despite the positive outlook, limited digital planning and cybersecurity readiness among small and medium-sized enterprises could restrict adoption outside major urban centers. Nine in ten Thai SMEs reportedly lack formal digital investment plans, while many businesses moving to the cloud have not fully implemented essential security measures such as multi-factor authentication and role-based access controls.

Government vouchers offered through the SME 4.0 program subsidize digital training and consulting, but participation remains below 30% as many business owners prioritize immediate cash-flow requirements. A shortage of advanced ICT professionals and rising labor costs also create implementation challenges. Continued investment in workforce development, cybersecurity awareness and accessible cloud services will therefore be essential to sustaining Thailand ICT market growth through 2031.

Key Topics Covered:

1 INTRODUCTION

1.1 Study Assumptions and Market Definition

1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

4.1 Market Overview

4.2 Market Drivers

4.2.1 Rapid 5G network deployment and subscriber uptake

4.2.2 Government "Cloud-First" policy accelerating adoption

4.2.3 Enterprise Industry 4.0 digital-transformation surge

4.2.4 Hyperscale data-center FDI inflows

4.2.5 Virtual-bank licensing fuelling fintech infrastructure

4.2.6 AI-ready, liquid-cooling data-center hub ambitions

4.3 Market Restraints

4.3.1 Fragmented SME digital-skills and cyber-readiness gap

4.3.2 Shortage of advanced ICT talent and rising labor cost

4.3.3 Stricter data-localization mandates increasing TCO

4.3.4 Soaring cyber-fraud liability dampening ICT budgets

4.4 Value Chain Analysis

4.5 Regulatory Landscape

4.6 Technological Outlook

4.7 Porter's Five Forces Analysis

4.7.1 Bargaining Power of Suppliers

4.7.2 Bargaining Power of Buyers

4.7.3 Threat of New Entrants

4.7.4 Threat of Substitutes

4.7.5 Intensity of Competitive Rivalry

4.8 Investment Analysis

4.9 Impact of Macroeconomic Factors

4.10 Industry Stakeholder Analysis

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

5.1 By Product Type

5.1.1 IT Hardware

5.1.1.1 Computer Hardware

5.1.1.2 Networking Equipment

5.1.1.3 Peripherals

5.1.2 IT Software

5.1.3 IT Services

5.1.3.1 IT Consulting and Implementation

5.1.3.2 IT Outsourcing (ITO)

5.1.3.3 Business Process Outsourcing (BPO)

5.1.3.4 Managed Security Services

5.1.3.5 Cloud and Platform Services

5.1.4 IT Infrastructure

5.1.5 IT Security/Cybersecurity

5.1.6 Communication Services

5.2 By Enterprise Size

5.2.1 Small and Medium-sized Enterprises

5.2.2 Large Enterprises

5.3 By End-user Industry Vertical

5.3.1 Government and Public Administration

5.3.2 BFSI

5.3.3 IT and Telecom

5.3.4 Energy and Utilities

5.3.5 Retail, E-commerce, and Logistics

5.3.6 Manufacturing and Industry 4.0

5.3.7 Healthcare and Life Sciences

5.3.8 Oil and Gas

5.3.9 Gaming and Esports

5.3.10 Other Verticals

6 COMPETITIVE LANDSCAPE

6.1 Market Concentration

6.2 Strategic Moves

6.3 Market Share Analysis

6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)

6.4.1 Advanced Info Service Public Company Limited

6.4.2 True Corporation Public Company Limited

6.4.3 National Telecom Public Company Limited

6.4.4 Huawei Technologies Co., Ltd.

6.4.5 Cisco Systems, Inc.

6.4.6 International Business Machines Corporation

6.4.7 Dell Technologies Inc.

6.4.8 Amazon Web Services, Inc.

6.4.9 Google LLC

6.4.10 Microsoft Corporation

6.4.11 Oracle Corporation

6.4.12 SAP SE

6.4.13 Cognizant Technology Solutions Corporation

6.4.14 Wipro Limited

6.4.15 Ericsson AB

6.4.16 Nokia Corporation

6.4.17 Check Point Software Technologies Ltd.

6.4.18 Palo Alto Networks, Inc.

6.4.19 Alibaba Cloud Computing Co., Ltd.

6.4.20 VMware, Inc.

6.4.21 Fujitsu Limited

6.4.22 NEC Corporation

6.4.23 Accenture plc

6.4.24 Hewlett Packard Enterprise Company

6.4.25 Seagate Technology Holdings plc

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

7.1 White-space and unmet-need assessment

For more information about this report visit https://www.researchandmarkets.com/r/bu5upb

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