The IoT Market Potential
Thailand is on the move to become ASEAN’s digital infrastructure hub by 2020. According to a Frost & Sullivan report, Thailand’s Internet of Things (IoT) spending in 2014 amounted to US$ 57.7 million, and it is forecast to increase by 1600% by 2020. Most of IoT spending takes place in the manufacturing and logistics sectors. The government’s determination to drive digital growth is expressed in the multiple IoT initiatives, including smart city plans in Phuket, Chiang Mai, and Bangkok.
On the smart city front, the ICT ministry in Thailand has developed a digital economy master plan which entails two phases:
1. Main domain missions: hard infrastructure, soft infrastructure, service infrastructure, digital economy promotion and a digital society.
2. Pilot projects centred on e-commerce, e-education, e-industry, and e-government.
To manifest these projects, the country is actively searching for partners to collaborate with, representing massive opportunities for IoT solution providers.
To further boost the country’s competitiveness, Thailand is pushing its Smart Thailand project, which according to Anudith Nakornthap, Thailand’s ICT minister, will further empower local stakeholders in different business sectors. Thailand recently announced a broadband plan which aims to increase its reach from 33% to 80% of the population in the next three years, reaching 95% in 2020.
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This year’s Asia IoT Business Platform programs will focus on concrete discussions between IoT solutions providers and end users to address key challenges and pain points in implementing IoT in businesses. Esteemed speakers from across the industry and across different verticals will be providing insights on issues, challenges, and developments in the IoT landscape in Thailand.
Sponsorship & Exhibitions Opportunities
Asia IoT Business Platform is a dynamic business program that helps you to understand more about the enterprise IoT market in Thailand as well as the needs and challenges of your prospective clients and partners. Leverage the program to establish important connections for your business development in Thailand.
The 24th edition of Asia IoT Business Platform in Thailand brought over 500 senior stakeholders from government, telecommunications, manufacturing, logistics, transportation, healthcare, finance, and other relevant sectors to explore the possibility of adopting IoT solutions for business efficiency.