Thailand Data Center Market - Investment Analysis & Growth Opportunities 2024-2029

MARKET OUTLOOK

The Thailand data center market will witness investments of USD 1.19 billion by 2029, growing at a CAGR of 7.14% during the forecast period. Thailand is moving toward the vision of a digital-first, AI-powered nation. The Thai government signed a new Memorandum of Understanding (MoU) with Microsoft to develop Thailand as a key hub for AI in the APAC region by establishing an AI Centre of Excellence.

The Thailand data center market is growing as a potential colocation powerhouse with a surge in data center investments from existing and new colocation operators. Further, government initiatives supporting the digital economy, including passing a bill to exempt data centers from VAT and growing reliance on technology, will likely contribute immensely to the market expansion. Also, CtrlS Datacenters, the new company, partnered with National Telecom Public Company Limited (NT) to establish a new data center campus in Chonburi. The new campus will be linked to several NT cable landing stations (CLS) and will include the development of a new teleport on-site. 

The Thailand data center market has experienced significant growth in recent years, driven by increasing demand for digital services, cloud computing, and expanding internet connectivity. With a growing economy and a focus on technological advancement, the region has become a prominent hub for data center investment. Furthermore, the increasing investment in renewable energy, from solar to power data centers, is a major attraction for companies in the Thailand data center market. For instance, Etix Everywhere’s data center, named Etix Bangkok's #1 facility, has installed solar panels on the roof with a capacity of 830 kWp.

KEY HIGHLIGHTS

• Thailand has around 32 operational colocation data centers. Most colocation data centers are being developed according to Tier III standards. The Thailand data center market has some local and global operators such as NTT DATA, True IDC, Internet Thailand, SUPERNAP Thailand, ST Telemedia Global Data Centres, and others.  
• The adoption of cloud-based services in the country is growing due to major cloud service providers' establishment of cloud regions. While Alibaba Cloud, Tencent Cloud, and Huawei Cloud have their presence in Thailand, Amazon Web Services (AWS), Microsoft, and Google plan to establish their dedicated cloud regions in the country.
• In Thailand, telecom operators are AIS, Dtac, True Corporation, Interlink Telecom (Itel), and others. For instance, Interlink Telecom (Itel) plans to invest USD 20 million in its data center by partnering with Etix Everywhere.
• Increasing investments in prime locations such as Bangkok will increase land prices, which may cause operators to shift their focus to emerging locations such as Chon Buri and others during the forecast period.
• The hyperscale self-built investment by Microsoft, Google, and AWS will likely increase in the Thailand data center market during the forecast period.

WHY SHOULD YOU BUY THIS RESEARCH?

• Market size is available in terms of investment, area, power capacity, and Thailand colocation market revenue.
• An assessment of the data center investment in Thailand by colocation, hyperscale, and enterprise operators.
• Investments in the area (square feet) and power capacity (MW) across cities in the country.
• A detailed study of the existing Thailand data center market landscape, an in-depth market analysis, and insightful predictions about market size during the forecast period.
• Snapshot of existing and upcoming third-party data center facilities in Thailand
  • Facilities Covered (Existing): 32
  • Facilities Identified (Upcoming): 07
  • Coverage: 5+ Cities
  • Existing vs. Upcoming (Area)
  • Existing vs. Upcoming (IT Load Capacity)
• Data Center Colocation Market in the Thailand
  • Colocation Market Revenue & Forecast (2023-2029)
  • Wholesale vs. Retail Colocation Revenue (2023-2029)
  • Retail Colocation Pricing
  • Wholesale Colocation Pricing
• The Thailand data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.
• This is a comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and market prospects.
• Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the market.
• A transparent research methodology and the analysis of the demand and supply aspects of the market.

VENDOR LANDSCAPE

• Some of the key investors in the Thailand data center market are AIS Business (CSL), Chindata Group, Etix Everywhere, Internet Thailand (INET), NTT DATA, OneAsia Network, ST Telemedia Global Data Centres, SUPERNAP Thailand, True IDC, Telehouse, WHA Group and others.
• Several global companies are entering the Thailand data center market and expanding their presence by offering colocation services. For instance, in May 2023, KDDI (Telehouse) opened its first data center in Bangkok, Thailand, with an investment of around USD 74 million.
• In November 2023, Amazon Web Services (AWS), Google, and Microsoft planned to spend USD 8.46 billion in Thailand to enhance and expand their data center infrastructure. Amazon Web Services (AWS) intends to build a data center in the region, with an investment of USD 5 billion spread over 15 years.
• True IDC has announced its plan to invest around USD 28 million to expand its data center and cloud business in the country. From 2024 to 2027, the company will expand the campuses of True IDC East Bangna and True IDC North Muangthong data centers.
• The colocation operators partner with local real estate or conglomerate companies to enter the Thailand data center market; for instance, Evolution Data Centres partnered with Central Pattana PCL, a Thai property developer, to build a new data center in Bangkok.

EXISTING VS. UPCOMING DATA CENTERS

• Existing Facilities in the Region (Area and Power Capacity)
  • Bangkok
  • Other Cities
• List of Upcoming Facilities in the Region (Area and Power Capacity)
  • Bangkok
  • Other Cities

REPORT COVERAGE:

This report analyses the Thailand data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments. The segmentation includes:

• IT Infrastructure
  • Servers
  • Storage Systems
  • Network Infrastructure
• Electrical Infrastructure
  • UPS Systems
  • Generators
  • Transfer Switches & Switchgears
  • PDUs
  • Other Electrical Infrastructure
• Mechanical Infrastructure
  • Cooling Systems
  • Rack Cabinets
  • Other Mechanical Infrastructure
• Cooling Systems
  • CRAC & CRAH Units
  • Chiller Units
  • Cooling Towers, Condensers & Dry Coolers
  • Other Cooling Units
• General Construction
  • Core & Shell Development
  • Installation & Commissioning Services
  • Engineering & Building Design
  • Fire Detection & Suppression Systems
  • Physical Security
  • Data Center Infrastructure Management (DCIM)
• Tier Standard
  • Tier I & Tier II
  • Tier III
  • Tier IV

VENDOR LANDSCAPE

• IT Infrastructure Providers: Arista Networks, Atos, Cisco Systems, Dell Technologies, Fujitsu, Hewlett Packard Enterprise, Huawei Technologies, IBM, Inspur, Lenovo, NetApp.
• Data Center Construction Contractors & Sub-Contractors: Arup, Architects 49, Chaan, Finishing Touch Design Studio, Meinhardt Group, Plan Architect, PPS Group, QTCG.
• Support Infrastructure Providers: ABB, Airedale, Caterpillar, Cummins, Cyber Power Systems, Delta Electronics, Eaton, Fuji Electric, HITEC Power Protection, KOHLER, Legrand, Mitsubishi Electric, Piller Power Systems, Rittal, Schneider Electric, STULZ, Siemens, Vertiv.
• Data Center Investors: AIS Business (CSL), Alibaba Cloud, Chindata Group, Edge Centres, Etix Everywhere, Internet Thailand (INET), NTT DATA, OneAsia Network, ST Telemedia Global Data Centres, SUPERNAP Thailand, Tencent Cloud, True IDC, Telehouse, WHA Group.
• New Entrants: Amazon Web Services, AIS-Singtel & Gulf Energy, CtrlS Datacenters, Evolution Data Centres, Google.