Market Size of thailand data center Industry
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Study Period | 2017 - 2029 |
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Market Volume (2024) | 200.1 MW |
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Market Volume (2029) | 269.9 MW |
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Largest Share by Tier Type | Tier 3 |
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CAGR (2024 - 2029) | 6.17 % |
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Fastest Growing by Tier Type | Tier 3 |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Thailand Data Center Market Analysis
The Thailand Data Center Market size is estimated at 200.1 MW in 2024, and is expected to reach 269.9 MW by 2029, growing at a CAGR of 6.17%. Further, the market is expected to generate colocation revenue of USD 277.1 Million in 2024 and is projected to reach USD 308.4 Million by 2029, growing at a CAGR of 2.16% during the forecast period (2024-2029).
USD 277.11 Million
Market Size in 2024
USD 308.4 Million
Market Size in 2029
14.4%
CAGR (2017-2023)
2.2%
CAGR (2024-2029)
IT Load Capacity
200.1 MW
Value, IT Load Capacity, 2024
Thailand shows a strong level of digital readiness with a high penetration rate for internet usage, social media engagement, mobile connections, online shopping, and digital payments, which would increase IT load capacity.
Total Raised Floor Space
Sq. Ft. 0.62 M
Volume, Raised Floor Space, 2024
Cloud, telecom, and BFSI are the top three end-user segments, creating more need for data storage space. In Malaysia, mobile subscriptions are more than 50 million in 2024.
Installed Racks
31,400
Volume, Installed Racks, 2024
Bangkok holds a major share, and with its strategic location in the center of ASEAN markets, it is well-positioned to connect investors to new opportunities arising from the increasing border trade, creating more need for installed racks.
# of DC Operators & DC Facilities
21 and 42
Volume, DC Facilities, 2024
The occupancy rate of data center facilities is expected to increase from 85% in 2023 to 88% by 2029, which will improve operating costs. Tier 3 DC facilities holds the highest market share and is fastest growing category in the country.
Leading Market Player
15%
Market Share, STT GDC Pte Ltd, 2023
STT GDC Pte Ltd leads the market and is further building to support the growing demand for digital infrastructure due to the rising consumption of rich media and the digital transformation of business and government enterprises.
Tier 3 DC facilities dominates the market share in the region and is expected to dominate in coming years
- The country has no facility certified with Tier 1 and Tier 2. The tier 3 data center segment reached an IT load capacity of 71.48 MW in 2021. The capacity is anticipated to grow from 74.33 MW in 2022 to 199.55 MW by 2029 at a CAGR of 15.15%. The tier 4 data center segment reached an IT load capacity of 20 MW in 2021. The capacity is anticipated to grow from 20 MW in 2022 to 50 MW by 2029 at a CAGR of 13.99%.
- In most Thai facilities, IT components can be replaced or removed without interrupting routine data center operations, so most facilities are Tier 3 certified.
- Currently, only one facility in Thailand has Tier 4 certification, i.e., SUPERNAP Thailand. It has a high fault-tolerant facility, which is ideal for consistently high traffic levels. National Telecom (NT), TOT, and SUPERNAP (Thailand) signed an MOU supporting governmental digital modernization, which is called the Data Center and Cloud Services Partnership Program.
Thailand Data Center Industry Segmentation
Bangkok are covered as segments by Hotspot. Large, Massive, Medium, Mega, Small are covered as segments by Data Center Size. Tier 1 and 2, Tier 3, Tier 4 are covered as segments by Tier Type. Non-Utilized, Utilized are covered as segments by Absorption.
- The country has no facility certified with Tier 1 and Tier 2. The tier 3 data center segment reached an IT load capacity of 71.48 MW in 2021. The capacity is anticipated to grow from 74.33 MW in 2022 to 199.55 MW by 2029 at a CAGR of 15.15%. The tier 4 data center segment reached an IT load capacity of 20 MW in 2021. The capacity is anticipated to grow from 20 MW in 2022 to 50 MW by 2029 at a CAGR of 13.99%.
- In most Thai facilities, IT components can be replaced or removed without interrupting routine data center operations, so most facilities are Tier 3 certified.
- Currently, only one facility in Thailand has Tier 4 certification, i.e., SUPERNAP Thailand. It has a high fault-tolerant facility, which is ideal for consistently high traffic levels. National Telecom (NT), TOT, and SUPERNAP (Thailand) signed an MOU supporting governmental digital modernization, which is called the Data Center and Cloud Services Partnership Program.
| Hotspot | |
| Bangkok | |
| Rest of Thailand |
| Data Center Size | |
| Large | |
| Massive | |
| Medium | |
| Mega | |
| Small |
| Tier Type | |
| Tier 1 and 2 | |
| Tier 3 | |
| Tier 4 |
| Absorption | |||||||||||||||||
| Non-Utilized | |||||||||||||||||
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Thailand Data Center Market Size Summary
The Thailand data center market is experiencing significant growth, driven by the country's strong digital readiness and high penetration rates of internet usage, mobile connections, and digital payments. The market is characterized by a moderate level of consolidation, with major players such as CS LOXINFO PUBLIC COMPANY LIMITED, NTT Ltd, STT GDC Pte Ltd, True Internet Data Center Co. Ltd, and United Information Highway Co. Ltd holding substantial market shares. The development of data centers is further supported by partnerships and initiatives aimed at enhancing digital infrastructure, such as the Data Center and Cloud Services Partnership Program and the Thailand 5G Ecosystem Innovation Center. These efforts are aligned with the country's ambition to advance its Industry 4.0 wireless ecosystem, which is expected to bolster the digitization of various sectors, including manufacturing, energy, and healthcare.
The market is poised for continued expansion, with projections indicating a steady increase in data center capacity and colocation revenue over the coming years. The tier 3 and tier 4 data center segments are expected to see significant growth, with facilities like SUPERNAP Thailand leading the way in high fault-tolerant infrastructure. The rise in mobile internet speeds and the adoption of 5G technology are key factors driving the demand for data centers, as they contribute to increased data traffic and the need for more robust infrastructure. Thailand's position as a regional leader in mobile commerce and its early adoption of 5G services further underscore the potential for growth in the data center market, as these trends create a conducive environment for digital transformation and innovation.
Thailand Data Center Market Size - Table of Contents
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1. MARKET SEGMENTATION (INCLUDES MARKET SIZE IN VOLUME, FORECASTS UP TO 2029 AND ANALYSIS OF GROWTH PROSPECTS)
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1.1 Hotspot
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1.1.1 Bangkok
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1.1.2 Rest of Thailand
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1.2 Data Center Size
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1.2.1 Large
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1.2.2 Massive
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1.2.3 Medium
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1.2.4 Mega
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1.2.5 Small
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1.3 Tier Type
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1.3.1 Tier 1 and 2
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1.3.2 Tier 3
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1.3.3 Tier 4
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1.4 Absorption
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1.4.1 Non-Utilized
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1.4.2 Utilized
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1.4.2.1 By Colocation Type
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1.4.2.1.1 Hyperscale
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1.4.2.1.2 Retail
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1.4.2.1.3 Wholesale
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1.4.2.2 By End User
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1.4.2.2.1 BFSI
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1.4.2.2.2 Cloud
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1.4.2.2.3 E-Commerce
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1.4.2.2.4 Government
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1.4.2.2.5 Manufacturing
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1.4.2.2.6 Media & Entertainment
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1.4.2.2.7 Telecom
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1.4.2.2.8 Other End User
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Thailand Data Center Market Size FAQs
What is the current Thailand Data Center Market size?
The Thailand Data Center Market is projected to register a CAGR of 6.17% during the forecast period (2024-2029).
Who are the key players in Thailand Data Center Market?
CS LOXINFO PUBLIC COMPANY LIMITED, NTT Ltd, STT GDC Pte Ltd, True Internet Data Center Co. Ltd and United Information Highway Co. Ltd are the major companies operating in the Thailand Data Center Market.
