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. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual 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.