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Monday, April 29, 2024

Public cloud spending set to spike in Thailand

Public cloud spending set to spike in Thailand (Photo by LILLIAN SUWANRUMPHA / AFP)

  • The pandemic has stimulated chief information officers (CIOs) to move mission-critical workloads from on-site to the cloud
  • Emerging technologies such as containerization, virtualization, and edge computing are becoming more mainstream and driving cloud spending

Earlier this year, experts suggested that Thai businesses are expected to spend more on the cloud this year as they prioritize investments in critical technology to help sustain normal operations during the Covid-19 outbreak. After US$652.52 million (20.3 billion baht) was spent on public cloud services in 2020, analysts anticipate that the expenditure will only grow further by over 31% to US$861.39 million (26.8 billion baht).

Global tech research firm Gartner indicated that cloud spending in Thailand could grow 28.2% to (US$1.1 billion) 34.4…

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