Frost & Sullivan: Political turmoil leads to explosive growth in data center business in Thailand
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As political crisis raged on in Thailand and the overall economy suffered sharp decline throughout 2013, Frost & Sullivan's research shows that data center service providers in Thailand experienced unforeseen business growth over the year.
Teera Kanokkanjanarat, senior ICT industry analyst, Frost & Sullivan says, “The result from our research shows that Thailand’s data center industry had a strong year of growth in 2013. The overall industry growth rate was approximately 21 per cent compare to the year earlier with total revenue over 1,700 million Baht. Despite recent political turmoil and ongoing economic downturn, Thai enterprises, both from public and private sector, turned their attention to strengthening their data center. Many began to include data center investment in their business continuity planning agenda.”
Frost & Sullivan’s forecast shows that Thailand’s data center industry will still enjoy strong overall growth of more than 15 per cent in 2014. The 3 key driving factors for growth are the following: cloud computing adoption, rising demand in Disaster Recovery (DR) Solution, and increasing demand of connectivity within ASEAN region.
The Nation
