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With Thailand’s digital economy projected to hit US$53 billion by 2025, hosting businesses are rushing in to built on the revenue and service opportunities sin the SEA county.
Founder and Editor, The Tech Capital
September 20, 2021 | 3:18 PM BST
ST Telemedia Global Data Centres has opened STT Bangkok 1, what the company claims to be the first carrier-neutral hyperscale data centre in Thailand.
STT Bangkok 1 is the first of two buildings in the STT Bangkok Data Centre Campus, which is located at Hua Mak, one of the Thai capital’s business districts.
The seven-storey building offers a gross floor area of 30,000 square metres and delivers up to 20 megawatts of total IT load capacity to support customers’ business expansion with the ability to scale to 40MW.
Supparat Singhara Na Ayutthaya, chief executive officer, ST Telemedia Global Data Centres (Thailand), said: “The launch of the STT Bangkok Data Centre Campus marks the first milestone for our company and a new era of digital infrastructure in Thailand.
“With a CAGR of 26.5% projected for the industry, we are seeing a fast-growing demand for colocation services in Thailand from enterprises and cloud service providers that are continually expanding their business platforms to meet customers’ evolving demand for digital services, particularly during this prolonged COVID-19 situation.”
As Southeast Asia’s second-largest economy by GDP, Thailand’s digital economy is projected to be US$53 billion by 2025, representing a compound annual growth rate (CAGR) of 25% over 20203, and is expected to contribute almost a quarter of Thailand’s GDP by 2027.
Throughout 2020, new consumers of Internet economy services grew by 30%, coupled with an 81% growth in e-commerce from 2019-2020.
In line with Thailand’s 4.0 strategy and Digital Development Plan, data centres are the crucial underpinning digital infrastructure that will provide sufficient capacity and coverage to support seamless digital service delivery.
Clement Goh, CEO, Southeast Asia, ST Telemedia Global Data Centres, said: “We had identified Thailand to be a market-ready for growth and decided to invest ahead of the curve to ensure we have a well-established presence and are now poised for that growth.
“ST Telemedia Global Data Centres has a proven ability to replicate and scale in the markets that we have built a presence in, helping customers navigate and expand into Asia’s fastest-growing yet most complex environments.”
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