Thailand ICT Market

Main article: Economy of Thailand

Chronicle

2024: Market Size Reaches $19.84 Billion

At the end of 2024, the volume of Thailand's ICT market reached $19.84 billion. The industry is showing steady growth, helped by the active adoption of digital technologies in various industries. This is stated in the MarketResearch.com review, which TAdviser got acquainted with in early March 2025.

The study said Thailand's telecommunications sector is actively developing, driven by growing demand for modern communication services, including 5G services, and the widespread adoption of digital platforms. The National Broadcasting and Telecommunications Commission (NBTC) predicts that the development of 5G could bring the Thai economy $9.3 billion by 2035, which will amount to 10% of GDP. At the same time, state structures and local banks are stimulating the expansion of the digital payment ecosystem. The Thai government plans to turn the country into a digital infrastructure hub for the Association of Southeast Asian Nations (ASEAN).

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Фото: Unsplash

Among the restraining factors is a shortage of qualified ICT professionals, especially in the areas of cybersecurity, cloud computing and data management. This gap complicates the ability of companies to implement and maintain advanced digital solutions, which negatively affects the quality of services provided. Against this background, various initiatives are being implemented to support education and training in ICT-related specialties. The study also said Thailand's ICT market is highly fragmented - it employs many players.

According to MarketResearch.com analysts, in the future, the CAGR (CAGR in complex percentages) in the sector under consideration will be 8.45%. Thus, by 2029, ICT spending in Thailand may increase to $29.77 billion.^[1]

2021: Thailand has a mobile operator with half of the country's subscribers

At the end of November 2021, Charoen Pokphand (CP) Group, controlled by Thailand's richest man Danin Cheravanont and his family, and Norwegian telecom operator Telenor agreed to merge their telecommunications divisions in Thailand - True Corporation and Dtac, respectively. The deal cost $8.6 billion, after its closure, a joint operator with just over half of the country's mobile subscribers will appear in the country. Read more here.

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