Thailand Artificial Intelligence (AI) market to be driven by growing technological advancement and increasing adoption of cloud-based computing in the forecast period

Massive growth in data generation due to technological advancements is aiding Thailand Artificial Intelligence (AI) market to grow in the forecast period.

According to TechSci Research report, “Thailand Artificial Intelligence (AI) Market - By Region, Competition Forecast and Opportunities, 2028,” the Thailand Artificial Intelligence (AI) market is anticipated to register a robust growth during the forecast period, 2024-2028. Artificial Intelligence (AI) has become an increasingly important field in recent years due to its potential to revolutionize a wide range of industries and applications. AI helps in automation, AI algorithms and systems can automate repetitive and time-consuming tasks, freeing up humans to focus on more creative and strategic work. Enhanced productivity AI can help increase productivity and efficiency in various industries, such as manufacturing, transportation, and customer service, by automating routine tasks and reducing errors.

The COVID-19 pandemic has had a significant impact on the field of Artificial Intelligence (AI). Here are some ways in which the pandemic has affected Artificial Intelligence (AI):

Increased demand for AI solutions: The pandemic has accelerated the adoption of AI-powered technologies in various industries. For instance, telemedicine, remote learning, and e-commerce have become more widespread, leading to an increased demand for AI solutions that can facilitate these activities.

Investment in AI: The pandemic has resulted in increased investment in AI, as companies and governments look for ways to improve their response to the crisis and improve their overall operations.

Remote work and its impact on AI development: With many AI researchers and developers working from home, there has been a shift in the way AI development takes place. Remote collaboration has become more important, and new tools and platforms have emerged to support remote work in AI.

Impact on AI conferences and events: The COVID-19 pandemic has resulted in the cancellation or postponement of many AI conferences and events, leading to a disruption.

The Thai government has also launched several initiatives to promote the development and adoption of AI in the country, including the Thailand 4.0 policy, which aims to transform the country into a digital society, and the National AI Office, which was established to coordinate AI development and promote its adoption in various sectors.

Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on the "Thailand Artificial Intelligence (AI)Market"

Thailand Artificial Intelligence (AI) market is segmented by component, technology, Deployment, Organization Type, Industry Vertical, Region and Competitive Landcsape. Based on component,  the market is further segmented into solution and services. Based on technology, the market is further segmented into Machine Learning, Deep Learning, Natural Language Processing, Computer Vision, and Others. Based on Deployment, the market is further segmented into Cloud and On-premises. Based on Organization Type, the market is further segmented into Small & Medium-Sized Enterprises and Large Enterprises. Based on Industry Vertical, the market is further segmented into Telecommunication, Manufacturing, Agriculture, Retail & E-Commerce, BFSI and Others.

Due to careful advancements in data storage capacity, powerful computing, and parallel processing capabilities to provide high-end services, the Solution segment currently holds most of the market share. Furthermore, this segment's ability to extract data, provide real-time insight, and aid decision-making has positioned it to capture most of the market.

The retail and ecommerce segment held the largest share of the market in 2022 based on vertical. Thailand is experiencing growth in the adoption of AI in the retail sector. Retail companies are recognizing the potential of AI to improve operational efficiency, enhance the customer experience, and drive sales growth. Here are some of the ways AI is being used in the Thai retail industry. Personalized marketing, AI is being used to analyze customer data and deliver personalized recommendations and offers, increasing customer loyalty and driving sales growth. Customer engagement: AI-powered chatbots and virtual assistants are being used to provide customers with quick and personalized support, improving their shopping experience. Inventory management, AI algorithms are being used to analyze sales data and predict demand, enabling retailers to optimize their inventory levels and reduce waste. Price optimization, AI-powered pricing algorithms are being used to dynamically adjust prices based on market demand, competitor pricing, and other factors, helping retailers to maximize their profits. Overall, AI has the potential to transform the Thai retail industry, and many companies are investing in this technology to stay ahead of the competition.

Key market players in the Thailand Artificial Intelligence (AI) Market include:

• Google Thailand
• Cisco Systems (Thailand) Ltd.
• Microsoft (Thailand) Limited
• IBM Thailand Co., Ltd.
• Amazon Web Services (Thailand) Company Limited
• Salesforce.Com (Thailand) Company Limited
• AT & T Worldwide Service Thailand Ltd.
• Infosys Technology (Thailand) Co., Ltd.
• BlockchainLabs.ai
• CODEMONDAY Co., Ltd

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"Due to factors such as the increase in healthcare facilities following the COVID-19 pandemic, rising automation, the quick uptake of machine learning, etc. Artificial intelligence, on the other hand, is evolving to more effectively do jobs that were previously completed using conventional methods. Additionally, in the future, optimizing data and information processing power will probably depend more heavily on AI scenario planning. AI innovations may lead to the development of fresh and perceptive scenario-related models to handle outside inducements. Future AI could enable tactical decisions in real-time, simulate realistic scenarios without human involvement, and provide more novel and superior internal and external applications for prediction," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Artificial Intelligence (AI) Market By Component (Solutions and Services), By Technology (Machine Learning, Deep Learning, Natural Language Processing, Computer Vision, and Others), By Deployment (Cloud and On-premises), By Organization Type (Small & Medium-Sized Enterprises and Large Enterprises), By Industry Vertical (Telecommunication, Manufacturing, Agriculture, Retail & E-Commerce, BFSI and Others), By Region, Competition Forecast and Opportunities, 2028,” has evaluated the future growth potential of Thailand Artificial Intelligence (AI) Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Thailand Artificial Intelligence (AI) Market.