Over 61% of Thailand GDP will be digitalized by 2022

26 February 2019 Uncategorized

IDC unveiled its top predictions for the Thailand IT industry for 2019 and beyond predicting that by 2022, over 61% of the country GDP will be digitalized, with growth in every industry driven by digitally enhanced offerings, operations, and relationships, driving US$ 72 billion in IT-related spending from 2019 through 2022.

IDC believes that digitalized economy will lead to more intense competition especially when digital disruptors are heavily penetrating into the local market.

“The race to reinvent is inevitable, and we foresee a steady growth in adoption of emerging technologies in the country mainly because Thailand is working to improve economic growth by shifting its economy from an industry-driven country to one that is driven by high-tech innovations.  Innovation will continue to disrupt every industry and business leader should focus on technologies that enables business outcomes. This is the right time to realize that enabling the digital industry will drive other industries to grow as well,” said Anchalee Sudechawongsakul, Market Analyst, Software for IDC Thailand.

IDC Thailand’s technology and industry analysts also revealed the key trends that are set to present opportunities and challenges to IT leaders in 2019 and beyond.

#1: Digitalized Economy. By 2022, over 61% of Thailand GDP will be digitalized, with growth in every industry driven by digitally enhanced offerings, operations, and relationships, driving US$ 72 billion in IT-related spending from 2019 through 2022.

#2: Digital-native IT. By 2022, 60% of Thailand’s IT spending will be on 3rd Platform technologies, as over 30% of all enterprises build “digital-native” IT environments to thrive in the digital economy.

#3: Expand to the Edge. By 2022, over 20% of Thailand’s organizations’ cloud deployments will include edge computing, and 25% of endpoint devices and systems will execute AI algorithms.

#4: AppDev Revolution. By 2022, 70% of Thailand’s new apps will feature microservices architectures that improve the ability to design, debug, update and leverage third-party code; 25% of all production apps will be cloud-native.

#5: New Developer Class. By 2024, a new class of professional developers producing code without custom scripting, will expand the developer population by 20% in Thailand- accelerating digital transformation.

#6: Digital Innovation Explosion. From 2018 to 2023 – with new tools/platforms, more developers, agile methods and lots of code reuse – 4.0 million new logical apps will be created in Thailand

#7: Growth Through Specialization. By 2022, 15% of public cloud computing will be based on non-x86 processors (including quantum) in Thailand; by 2022, organizations will spend more on vertical SaaS apps than horizontal apps.

#8: AI is the New UI. By 2024, AI-enabled user interfaces and process automation will replace one-third of today’s screen-based apps in Thailand.  By 2022, 20% of enterprises will use conversational speech tech for customer engagement.

#9: Expanding/Scaling Trust. By 2023, 25% of servers will encrypt data at rest and in motion in Thailand; over 20% of security alerts will be handled by AI-powered automation; and 3.5 million people will have blockchain-based digital identities.

#10: Consolidation vs Multicloud. By 2022, the top four cloud “mega platforms” will host 80% of IaaS/PaaS deployments in Thailand, but by 2023 70% of Thailand 100 (T100) organizations will mitigate lock-in through multicloud/hybrid technologies and tools