iBet uBet web content aggregator. Adding the entire web to your favor.
iBet uBet web content aggregator. Adding the entire web to your favor.



Link to original content: https://www.statista.com/topics/6682/the-digital-market-in-thailand/
The digital market in Thailand - statistics & facts | Statista

The digital market in Thailand - statistics & facts

Digital disruption and digital transformation are the two most important buzzwords which explain Thailand’s current digital scene that has rapidly progressed in recent years. Because of drastic consumer lifestyle changes from the recent COVID-19 pandemic, businesses are also forced to adapt their digital understanding and practices.

COVID-19 and digital disruption in Thailand

The recent COVID-19 pandemic has brought on rapid digital transformation in Thailand. Social distancing and concerns for health issues have become the new normal and have reshaped consumer preferences. Businesses are thus forced to cater to these new demands by implementing efficient digital systems. One of the shifts in demand that can be seen is the greater reliance on financial services to assist contactless payments. Mobile banking has become extremely useful and has shown a continuous increase in transactions in recent years. Additionally, businesses in the healthcare industry were also forced to battle against the challenges brought by the pandemic and must also rely on digital systems to improve efficiency.

The leap of digital services in Thailand

Digital transformation has arrived at a fast pace, much sooner than what was initially planned among the business sectors in Thailand. Despite this, digital services have managed to integrate into Thai society and have provided greater convenience to the everyday life of a typical consumer. As previously mentioned, financial technology and its services have become a part of everyday transactions and have become even more prominent due to the rising popularity of blockchain and cryptocurrencies. Businesses have also invested more in digital services, emphasizing more on e-logistics, e-retail, and online media to enhance customer experience. Additionally, businesses are also focusing their resources on e-advertisements since consumers are spending more time online.

Thailand's plan for the digital economy

Apart from recent events that pushed the country digitally, Thailand’s government is also supporting digital integration through the Thailand 4.0 economic scheme. Essentially, the plan aims to provide value-based productivity through innovation and reposition conventional businesses with smart technology. Despite these goals, Thailand is still struggling with the shortage of personnel in the digital field along with facing growing risks of cyberattacks. Although the country’s current digital state is presented as a challenge against reaching these goals, more spending has been allocated towards cyber security. Furthermore, the government has also implemented digital training programs and platforms in collaboration with partners of the private sector, to upskill workers to prepare Thailand for the new digital age.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Andreas Walderich, Jan 16, 2024

Key insights

Value of digital market in Thailand
2.6tn THB
Growth of digital market in Thailand
14%
Market value forecast of hardware and smart devices in Thailand
2tr THB
Get more insights

Editor’s Picks
Editor’s Picks
Current statistics on this topic

Share of adult population that currently use digital devices in Thailand as of January 2024, by device

Consumer Electronics

Share of population that currently use digital devices Thailand 2024, by device

Share of internet users in Thailand in 2021, by activity

Use

Share of internet users Thailand 2021, by activity

Market value of digital industry in Thailand from 2019 to 2022 (in trillion Thai baht)

Technology & Telecommunications

Market value of digital industry Thailand 2019-2022

Recommended statistics

Overview

4

Overview

Digital services

5

Digital services

Software and software services

5

Software and software services

Digital devices

4

Digital devices

User demographics and behaviors

4

User demographics and behaviors

Further reports

Get the best reports to understand your industry

Digital payments in Vietnam
Digital payments in Vietnam
Digital payments in Singapore
Digital payments in Singapore
Digital payments in Indonesia
Digital payments in Indonesia
Digital payments in Malaysia
Digital payments in Malaysia

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)
Email
support@statista.com

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)
Email
asia.support@statista.com

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)
Email
asia.support@statista.com

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)
Email
eu.support@statista.com

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)
Email
latam@statista.com

Mon - Fri, 9am - 6pm (EST)