Thailand Data Center Storage Market Size (2024 - 2029)

The Thailand Data Center Storage Market is experiencing growth driven by the increasing demand for cloud computing among small and medium-sized enterprises, government regulations for local data security, and rising investments from domestic players. These factors are contributing to the expansion of the market's capacity and infrastructure, including the development of IT load capacity and raised floor space. Additionally, the construction of submarine cable systems is enhancing connectivity, further supporting the market's growth trajectory.

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Market Size of Thailand Data Center Storage Industry

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Thailand Data Center Storage Market Summary
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

Thailand Data Center Storage Market 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
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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.

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Thailand Data Center Storage Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Expansion of IT Infrastructure to Increase Market Growth

      2. 1.2.2 Increased Investments in Hyperscale Data Centers To Increase Market Growth

    3. 1.3 Market Restraints

      1. 1.3.1 High Initial Investment Cost To Hinder Market Growth

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Assessment of COVID-19 Impact

  2. 2. MARKET SEGMENTATION

    1. 2.1 Storage Technology

      1. 2.1.1 Network Attached Storage (NAS)

      2. 2.1.2 Storage Area Network (SAN)

      3. 2.1.3 Direct Attached Storage (DAS)

      4. 2.1.4 Other Technologies

    2. 2.2 Storage Type

      1. 2.2.1 Traditional Storage

      2. 2.2.2 All-Flash Storage

      3. 2.2.3 Hybrid Storage

    3. 2.3 End-User

      1. 2.3.1 IT & Telecommunication

      2. 2.3.2 BFSI

      3. 2.3.3 Government

      4. 2.3.4 Media & Entertainment

      5. 2.3.5 Other End-User

Thailand Data Center Storage Market Size FAQs

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.

In 2024, the Thailand Data Center Storage Market size is expected to reach USD 0.2 billion.

Thailand Data Center Storage Market Report Snapshots

Thailand Data Center Storage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2030)