Picture courtesy of Bangkok Post
The software sector experienced a robust growth of 12.8% last year, reaching a valuation of 215 billion baht (US$6.4 billion), outperforming three other digital sectors.
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The software sector experienced a robust growth of 12.8% last year, reaching a valuation of 215 billion baht (US$6.4 billion), outperforming three other digital sectors.
Investment in advanced technologies such as artificial intelligence (AI), data analytics, cloud computing, and cybersecurity bolstered this growth, according to a joint survey by the Digital Economy Promotion Agency (Depa) and IMC Institute. The software sector is expected to continue growing at a rate of 9 to 10% between 2024 and 2026.
The overall value of the four sectors—software, hardware and smart devices, digital services, and digital content—is projected to reach 2.94 trillion baht (US$87 billion) by 2026. This growth is primarily driven by the increasing demand for emerging technologies, especially AI.
Kasititorn Pooparadai, senior executive vice-president at Depa, noted…