Market Size of Thailand Data Center Storage Industry
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.2 Billion |
| Market Size (2030) | USD 0.31 Billion |
| CAGR (2024 - 2030) | 8.42 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Thailand Data Center Storage Market Analysis
The Thailand Data Center Storage Market size is estimated at USD 0.2 billion in 2024, and is expected to reach USD 0.31 billion by 2030, growing at a CAGR of 8.42% during the forecast period (2024-2030).
The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country, leading to a growing need for data center storage equipment.
- Under Construction IT Load Capacity: The upcoming IT load capacity of the Philippines data center market is expected to reach more than 270 MW by 2029.
- Under Construction Raised Floor Space: The country's construction of a raised floor area is expected to increase to 6 million square feet by 2029.
- Planned Submarine Cables: There are close to 12 submarine cable systems connecting Thailand; many are under construction. One such submarine cable that is estimated to start service in 2023 is Southeast Asia-Japan Cable 2 (SJC2), which stretches over 10,500 Kilometers with landing points from Songkhla, Thailand.
Thailand Data Center Storage Industry Segmentation
Data center storage refers to the devices, hardware, networking equipment, and software technologies that enable data storage and applications within data center facilities. It stores, manages, retrieves, distributes, and backs up digital information within data center facilities.
The Thailand Data Center Storage Market is Segmented by storage technology (network attached storage (NAS), storage area network (SAN), direct attached storage (DAS)), storage type (traditional storage, all-flash storage, hybrid storage), and end user (IT & telecommunication, BFSI, government, media & entertainment and other end user). The market sizes and forecasts regarding value (USD) for all the above segments are provided.
| Storage Technology | |
| Network Attached Storage (NAS) | |
| Storage Area Network (SAN) | |
| Direct Attached Storage (DAS) | |
| Other Technologies |
| Storage Type | |
| Traditional Storage | |
| All-Flash Storage | |
| Hybrid Storage |
| End-User | |
| IT & Telecommunication | |
| BFSI | |
| Government | |
| Media & Entertainment | |
| Other End-User |
Thailand Data Center Storage Market Size Summary
The Thailand Data Center Storage Market is experiencing significant growth, driven by the increasing demand for cloud computing, government regulations on data security, and rising investments from domestic players. The transition to cloud services is a key factor propelling the market, as businesses seek flexible digital solutions to meet the demands of remote work and digital transformation. Thailand's strong digital readiness, characterized by high internet penetration, social media engagement, and digital payment adoption, further fuels the demand for data center storage. The expansion of data centers, supported by initiatives like smart cities and AI implementation, necessitates enhanced storage solutions to accommodate the growing volume of data generated by businesses.
The market is moderately fragmented, with major players like Dell Inc., NetApp Inc., and Huawei Technologies Co. Ltd. holding significant shares. These companies are actively engaging in strategic collaborations to enhance their market presence and profitability. The rise of hybrid storage solutions, which combine on-premises and cloud storage, is also contributing to market growth. This approach offers flexibility and scalability, catering to the increasing connectivity needs of various industries. As businesses continue to adopt big data and IoT technologies, the demand for advanced storage systems, such as all-flash and hybrid arrays, is expected to rise, further boosting the market's value.
Thailand Data Center Storage Market Size - Table of Contents
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1. Market Dynamics
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Expansion of IT Infrastructure to Increase Market Growth
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1.2.2 Increased Investments in Hyperscale Data Centers To Increase Market Growth
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1.3 Market Restraints
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1.3.1 High Initial Investment Cost To Hinder Market Growth
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1.4 Value Chain / Supply Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Assessment of COVID-19 Impact
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2. MARKET SEGMENTATION
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2.1 Storage Technology
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2.1.1 Network Attached Storage (NAS)
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2.1.2 Storage Area Network (SAN)
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2.1.3 Direct Attached Storage (DAS)
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2.1.4 Other Technologies
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2.2 Storage Type
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2.2.1 Traditional Storage
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2.2.2 All-Flash Storage
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2.2.3 Hybrid Storage
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2.3 End-User
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2.3.1 IT & Telecommunication
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2.3.2 BFSI
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2.3.3 Government
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2.3.4 Media & Entertainment
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2.3.5 Other End-User
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Thailand Data Center Storage Market Size FAQs
How big is the Thailand Data Center Storage Market?
The Thailand Data Center Storage Market size is expected to reach USD 0.2 billion in 2024 and grow at a CAGR of 8.42% to reach USD 0.31 billion by 2030.
What is the current Thailand Data Center Storage Market size?
In 2024, the Thailand Data Center Storage Market size is expected to reach USD 0.2 billion.
