Feeds

Thailand dries off and ramps up IT spending

Smartphones and services set to propel country to second in SE Asia

Internet Security Threat Report 2014

Thailand is back on the scene and spending like there’s no tomorrow, according to new IDC stats which show the country is set to complete its rehabilitation from the devastating floods last year and jump to number two spot in IT spending in Southeast Asia.

The analyst’s latest IT spending forecast predicted Thailand will leapfrog Singapore into second place, a position it has not managed to reach for a couple of years thanks to a combination of macro-economic gloom and the widespread floods which brought consumer and business spending to a standstill.

IDC is predicting Thailand’s compound annual growth rate (CAGR) will hit 10.8 per cent from 2012–2016, with the country spending spend $11 billion (£6.8bn) on IT compared to Singapore’s $10.6bn (£6.6bn).

Key to the kingdom’s stellar growth over the next five years will be growing demand for smartphones and IT services, the analyst said.

In terms of smartphones alone, Thailand posted 76 per cent year-on-year revenue growth in 2011, pulling in over $1.5bn (£932m).

"Thailand will be one of the region's rising smartphone stars in 2012, as tech-savvy consumers continue to snap up iPhones at the high-end while international and domestic brands alike drive greater mass adoption by pushing smartphone prices below the US$150 mark," said IDC research manager Melissa Chau in a canned statement.

In addition, the IT services market in the country is set to grow faster than any other in the region thanks to the limited skills base of local companies and the need to meet demand from a growing consumer sector, IDC said.

The overall picture tallies with other reports highlighting the path to IT growth in Thailand as the country dries itself off for 2012.

Market watcher GFK predicted last month that tablets, smartphones and TVs would all sell well in 2012 thanks to pent-up demand and manufacturer discounts. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.