Feeds

Thailand dries off and ramps up IT spending

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

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.