TECHNOLOGY THAILAND

 Thailand has increased government spending on ICT in recent years and represents one of the
largest Asian markets for ICT products. However, 2016 has seen only a third of the expected 13%
growth in Thailand's ICT industry due to a decrease in total government spending and domestic
consumption. Thailand has demonstrated pro-investment government policy and a strong
export economy largely founded on consumer electronics. However, the Thai government is
notoriously unstable which calls into doubt the reliability of their regulatory environment.
 For more than a decade, Thailand has been working hard to develop the country’s technology
sector in an effort to make it a global leader in related industries, moving away from its
traditionally agricultural past. Thanks to these exertions, combined with the country’s unique
culture, various multi-national companies and startup’s are increasingly being drawn to the
country, looking to take advantage of Thailand’s geographic location, booming technology
ecosystem, relatively cheap living costs, and welcoming culture.
 A slightly earlier report from 2014 focussed specifically on the tech sector meanwhile,
considered Thailand as one of the world leaders in IT products and services, with demand
increasing consistently for the country’s IT outsourcing services, amongst other things.