Thailand’s digital economy grew by 14%, reaching a market value of 2.6 trillion baht in 2022, the Digital Economy Promotion Agency (DEPA) reported.
Dr. Kasititorn Pooparadai, Executive Vice President of DEPA, highlighted the sustained growth in multiple industrial sectors. This growth is driven by changes in consumer behavior and technological advances.
A survey conducted by DEPA in five key sectors – software, hardware and smart devices, digital services, digital content and communications – revealed that the digital services sector led the growth with a notable increase of 21%. The growth of FinTech, Health Tech and retail contributed to a combined market value of almost 300 billion baht.
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Not far away, the software and software services sector grew by 19%, with a market value close to 200 billion baht. This sector is expected to reach a value of about 270 billion baht between 2023 and 2025.
Dr. Kasititorn Pooparadai, Executive Vice President of DEPA, highlighted the sustained growth in multiple industrial sectors
The data highlights a global shift towards full digitalization in Thailand’s digital economy and its associated sectors.