The cloud computing market in Thailand is expected to reach 15 billion baht in value by 2024 with a compound annual growth rate (CAGR) of 19% from 2018, powered by digital transformation of businesses in the wake of the pandemic, says global research firm IDC.
Salesforce, a global cloud-based software provider, says the use of cloud computing by customers in Thailand will add 50 billion baht in new business revenue to the local economy over a six-year period.
"The pandemic has accelerated digital transformations that were once planned to take place over 1-2 years into digital imperatives that must be executed overnight," said Sujith Abraham, senior vice-president and general manager for Asean at Salesforce.
According to Mr Abraham, Thailand's technology infrastructure has developed significantly in recent years, giving businesses the opportunity to fully reap the economic benefits of innovations like cloud computing.
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