The "Thailand Data Center Colocation Market - Supply & Demand Analysis 2024-2029" report has been added to ResearchAndMarkets.com's offering. Thailand Data Center Colocation Market is projected to...
Autore: Business Wire
DUBLIN: The "Thailand Data Center Colocation Market - Supply & Demand Analysis 2024-2029" report has been added to ResearchAndMarkets.com's offering.
Thailand Data Center Colocation Market is projected to reach a value of $335 million by 2029 from $142 million in 2023, growing at a CAGR of 15.4%.
Thailand is among Southeast Asia's emerging and ideal hubs for data center development due to easy access to major markets like China, India, Malaysia, and other locations. Thailand has around 30 operational colocation data centers, which will increase as several existing and new companies have planned investments in the country.
The market is witnessing the entry of several global colocation operators such as OneAsia Network, Telehouse, Evolution Data Centres, Edge Centres, CtrlS Datacenters, AIS-Singtel Gulf Energy, and other companies. The global operators are using M&A and JV strategies to enter the market. For instance, Bridge Data Centres acquired a data center facility from WHA to enter the Thailand data center market and expand its presence.
The support for the development of data centers in Thailand is high. In September 2022, the Thai Cabinet passed a bill to exempt data centers from VAT. The measure was taken to promote data center investments across the country. The increase in digitalization initiatives is boosting the data center market. In line with the Thailand 4.0 initiative, the country aims to have over 100 smart cities by 2024.
Thailand is witnessing growth in connectivity with submarine cables, connecting significant locations worldwide. Five upcoming submarine cables will connect Thailand with other countries.
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Key Attributes:
Report Attribute | Details |
No. of Pages | 54 |
Forecast Period | 2023 - 2029 |
Estimated Market Value (USD) in 2023 | $142 Million |
Forecasted Market Value (USD) by 2029 | $335 Million |
Compound Annual Growth Rate | 15.3% |
Regions Covered | Thailand |
Supply & Demand Analysis
Market Growth Factors
Colocation Revenue & Pricing Analysis
Competitive Landscape
Existing Colocation Operators
New Colocation Operators
For more information about this report visit https://www.researchandmarkets.com/r/aij11n
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Fonte: Business Wire