Thai digital sector expected to grow to B3tn by 2027

Thailand's digital industry is expected to be worth 3 trillion baht by 2027, up from a projected 2.69 trillion baht this year.

- SUCHIT LEESA-NGUANSUK

The growth is attributed to emerging technology, especially artificial intelligence (Al), according to a digital industry survey and assessment for 2024 and a three-year forecast by the Digital Economy Promotion Agency (depa) and IMC Institute.

Kasama Kongsmak, interim senior executive vice-president at depa, said that for 2025-2027, the digital services sector is expected to lead industry growth, with annual increases of 10-14%.

The hardware and smart devices segment is projected to grow by 6-7% per year, followed by the software industry at 4-6% and digital content at 1-5%.

In 2027, the combined value of these four key sectors is forecast to reach around 3 trillion baht. This upward trend reflects the growing influence of emerging technologies, particularly AI, which will be a supporting factor for increased purchasing demand.

Last year, the digital industry expanded by 23.4% compared with 2023, reaching a total market value of 2.49 trillion baht.