Thailand Information Technology Report - Business Monitor International - Industry Reports

Thailand Information Technology Report

Thailand Information Technology Report - Business Monitor International - Industry Reports
Thailand Information Technology Report
Published Sep 03, 2016
71 pages — Published Sep 03, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

We downgraded the IT spending forecast for Thailand in ---- in the Q--- update to reflect the weak PC sales - especially for tablets - reported by retailers in H---. We already had a fairly conservative outlook for the IT market due to the negative impact of economic and political uncertainty on confidence levels, but cannibalisation of tablet sales by smartphones will, we believe, see a contraction in the hardware segment in ----, and so we now forecast overall IT market growth of just -.- in ---- to THB---.-bn. ...We downgraded the IT spending forecast for Thailand in ---- in the Q--- update to reflect the weak PC sales - especially for tablets - reported by retailers in H---. We already had a fairly conservative outlook for the IT market due to the negative impact of economic and political uncertainty on confidence levels, but cannibalisation of tablet sales by smartphones will, we believe, see a contraction in the hardware segment in ----, and so we now forecast overall IT market growth of just -.- in ---- to THB---.-bn. Meanwhile, as a result of further baht depreciation the IT market as a whole will again contract in US dollar terms in ----, making it the third successive annual contraction. ...This extends our positive outlook from ----, initiated after the Thailand government s March announcement of tax incentives to encourage domestic and international businesses to set up at least -- datacentres in the country. The government, through its Board of Investment, launched several promotional packages for foreign companies to partner in joint venture initiatives with local businesses in order to encourage technology transfer.

...Tax incentives for datacentre investment available from ----, with increased capacity critical for cloud computing growth. Cloud computing adoption rate growth expected to accelerate in ----, with major opportunities in the software-as-a-service and infrastructure-as-a-service markets. Relatively low PC penetration, at --.- of households at the end of ----, means significant growth potential remains in the first-time buyer market. Productivity-enhancing investments by the corporate sector boost demand for industry-specific solutions in verticals such as health, education, mobile telecoms and agriculture. Small- and medium-sized enterprises (SMEs) are becoming more significant consumers of packaged software, due in part to more flexible payment schemes and government incentives. ...Productivity-enhancing investments by the corporate sector boost demand for industry-specific solutions in verticals such as health, education, mobile telecoms and agriculture. Small- and medium-sized enterprises (SMEs) are becoming more significant consumers of packaged software, due in part to more flexible payment schemes and government incentives.

...BMI View: Thailand is forecast to move to a stronger economic trajectory over the medium term, while political risks should also diminish. We expect this to result in faster IT spending growth from ---- - and we forecast the market will expand at a CAGR of -.- over ---------. ...

  
Source:
Document ID
2041-7195
Country
Industry
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Thailand Information Technology Report" Sep 03, 2016. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Thailand-Information-Technology-Report-2026-1453>
  
APA:
Business Monitor International - Industry Reports. (2016). Thailand Information Technology Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Thailand-Information-Technology-Report-2026-1453>
  
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