Accelerating the
Industrial Internet of Things

IoT Business Platform Asia, Bangkok

IoT Business Platform Asia, Bangkok
InterContinental Bangkok
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Thailand is on the move to become ASEAN’s digital infrastructure hub by 2020. According to a Frost & Sullivan report, Thailand’s Internet of Things (IoT) spending in 2014 amounted to US$ 57.7 million, and it is forecast to increase by 1600% by 2020. Most of IoT spending takes place in the manufacturing and logistics sectors. The government’s determination to drive digital growth is expressed in the multiple IoT initiatives, including smart city plans in Phuket, Chiang Mai, and Bangkok.

On the smart city front, the ICT ministry in Thailand has developed a digital economy master plan which entails two phases:

1. Main domain missions: hard infrastructure, soft infrastructure, service infrastructure, digital economy promotion and a digital society.

2. Pilot projects centered on e-commerce, e-education, e-industry, and e-government.

To manifest these projects, the country is actively searching for partners to collaborate with, representing massive opportunities for IoT solution providers.

To further boost the country’s competitiveness, Thailand is pushing its Smart Thailand project, which according to Anudith Nakornthap, Thailand’s ICT minister, will further empower local stakeholders in different business sectors. Thailand recently announced a broadband plan which aims to increase its reach from 33% to 80% of the population in the next three years, reaching 95% in 2020.

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