Strong Performance of Thailand's Digital Industry
Thailand’s digital industry has shown remarkable growth despite global economic challenges. The software sector grew by 12.80%, reaching a value of 215.19 billion baht, while the digital services sector expanded by 9.28%, reaching 307.63 billion baht. Notably, health technology and educational technology sub-sectors saw significant growth of over 80%. However, experts warn that the global economic slowdown may impact future growth.
Despite global economic challenges, Thailand's software sector grew by 12.80%, reaching a value of 215.19 billion baht.
Kasititorn Pooparadai, DEPA Senior Executive Vice-President, credited this to investments in artificial intelligence, data analytics, cloud computing, and cybersecurity.
The digital services sector also expanded by 9.28%, amounting to 307.63 billion baht, driven by e-retail, e-logistics, and fintech.
Health technology and educational technology sub-sectors grew by 85.71% and 82.26% respectively.
The hardware and smart devices industry saw growth of 1.76%, achieving a value of 1.46 trillion baht, thanks to a 52.68% increase in smart device imports.
However, Associate Professor Thanachart Numnonda from the IMC Institute warned that the global economic slowdown could affect future growth in the consumer electronics sector.
Kasititorn Pooparadai, DEPA Senior Executive Vice-President, credited this to investments in artificial intelligence, data analytics, cloud computing, and cybersecurity.
The digital services sector also expanded by 9.28%, amounting to 307.63 billion baht, driven by e-retail, e-logistics, and fintech.
Health technology and educational technology sub-sectors grew by 85.71% and 82.26% respectively.
The hardware and smart devices industry saw growth of 1.76%, achieving a value of 1.46 trillion baht, thanks to a 52.68% increase in smart device imports.
However, Associate Professor Thanachart Numnonda from the IMC Institute warned that the global economic slowdown could affect future growth in the consumer electronics sector.
