Reference
·Supporting source
DEPA Thailand digital industry growth rate
~14% CAGR (2020-2024)
The Digital Economy Promotion Agency (DEPA) tracks Thailand's digital industry, which has grown at an estimated 14% compound annual growth rate from 2020 to 2024, reaching roughly THB 1.05 trillion (USD 30 billion) in total addressable spend across software, hardware, telecom, and digital services. The consulting cut of this spend (digital and technology transformation advisory, cloud-migration planning, ERP modernisation strategy) grew at approximately 18-22% annually as enterprises modernised legacy ERP, migrated to cloud, deployed data platforms, and stood up AI/ML use cases. DEPA forecasts ~12-14% growth continuing through 2027.
Figure in context
The Digital Economy Promotion Agency (DEPA) tracks Thailand's digital industry, which has grown at an estimated 14% compound annual growth rate from 2020 to 2024, reaching roughly THB 1.05 trillion (USD 30 billion) in total addressable spend across software, hardware, telecom, and digital services. The consulting cut of this spend (digital and technology transformation advisory, cloud-migration planning, ERP modernisation strategy) grew at approximately 18-22% annually as enterprises modernised legacy ERP, migrated to cloud, deployed data platforms, and stood up AI/ML use cases. DEPA forecasts ~12-14% growth continuing through 2027.
The Digital Economy Promotion Agency (DEPA) tracks Thailand's digital industry, which has grown at an estimated 14% compound annual growth rate from 2020 to 2024, reaching roughly THB 1.05 trillion (USD 30 billion) in total addressable spend across software, hardware, telecom, and digital services. The consulting cut of this spend (digital and technology transformation advisory, cloud-migration planning, ERP modernisation strategy) grew at approximately 18-22% annually as enterprises modernised legacy ERP, migrated to cloud, deployed data platforms, and stood up AI/ML use cases. DEPA forecasts ~12-14% growth continuing through 2027.
Time scope
2020-2024 CAGR (DEPA)
Source basis
Supporting source
Interpretation notes
What this tells you
The Digital Economy Promotion Agency (DEPA) tracks Thailand's digital industry, which has grown at an estimated 14% compound annual growth rate from 2020 to 2024, reaching roughly THB 1.05 trillion (USD 30 billion) in total addressable spend across software, hardware, telecom, and digital services. The consulting cut of this spend (digital and technology transformation advisory, cloud-migration planning, ERP modernisation strategy) grew at approximately 18-22% annually as enterprises modernised legacy ERP, migrated to cloud, deployed data platforms, and stood up AI/ML use cases. DEPA forecasts ~12-14% growth continuing through 2027.
What not to do with it
CAGR of total Thai digital industry per DEPA. Consulting subset growth is materially higher, but DEPA's headline industry growth is the cited benchmark.
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Report context
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