The Thailand data center market is experiencing significant growth, driven by the increasing demand for digital infrastructure due to rising consumption of rich media and the digital transformation of businesses and government enterprises. The market’s projected CAGR of 6.99% is expected to lead to a market volume of US$2.83bn by 2028. This growth is influenced by several key trends and opportunities.

The market is seeing significant growth due to the increasing number of digital consumers. In 2022, there were 57 million smartphone users in Thailand, and this number is expected to reach 60.2 million by 2029. The rise of e-commerce and the digital economy in Thailand has also created a need for robust data center infrastructure to support online transactions and services. Additionally, investments in 5G network expansion by operators are further boosting the growth of the data center market.

The expansion of 5G networks is particularly significant, with targets of reaching millions of 5G connections by the end of 2021. This is attracting foreign investments, including in the data center market.

Several growth opportunities exist in the market. There is a shift towards colocation services, leading to an influx of foreign investments. International providers are establishing their presence in Thailand to meet the growing demand from both local and regional customers. Businesses in Thailand are adopting cloud computing and big data analytics, requiring robust data center infrastructure to handle large volumes of data and ensure reliable and fast access. The focus on sustainability is also expected to increase the number of data center facilities. Additionally, government initiatives are supporting digital modernization through partnerships for data center and cloud services.

In conclusion, the Thailand data center market is experiencing significant growth due to the increasing number of digital consumers, the rise of e-commerce and the digital economy, and the expansion of 5G networks. The market presents numerous growth opportunities driven by technological advancements and sustainability initiatives.