| | MAY 20234 Arenewed sense of optimism is prevailing in Thailand now that most Covid-related restrictions have been rolled back. The business realm in the country is oiling its engines again. Thanks to the ease of adopting the latest technologies, especially over the past three years, once-complex business problems now have simpler, faster solutions. As a result, new businesses are mushrooming across different marketplaces at a remarkable pace. We owe a lot to technologies becoming more plug & play, more driven by the cloud, and simpler to use. They make it easier to test ideas and move on faster if it fails.It's not a secret that the pandemic has been a tailwind to cloud adoption. In fact, many businesses were thrown into unprecedented predicaments and unexpectedly had an opportunity to reassess how they communicate within the organization and bank on their mission-critical technology applications. Most of them migrated to the cloud to ensure the delivery is resilient and consistent and the deliverables maintain a high level of quality. According to marketsandmarkets.com, the global cloud computing market size is expected to grow from $445.3 billion in 2021 to $947.3 billion by 2026 at a Compound Annual Growth Rate (CAGR) of 16.3 percent during the forecast period. Technology services companies have played a significant role in enabling this migration across industries. The software-as-a-service (SaaS) industry in Asia has made the most of this favorable ecosystem. According to Statista, the SaaS segment in Asia is projected to grow by 12.99 percent (2023-2027), resulting in a market volume of $63.38bn in 2027. Additionally, the SaaS segment in Thailand is projected to grow by 9.00 percent (2023-2027), resulting in a market volume of $448.10m in 2027. It's no secret that the country is betting big on technology.Sujith VasudevanManaging Editoreditor@ceoinsightsasia.comEditorialOptimism Prevails in Thailand Vol 04 · Issue 4-5 MAY, 2023 Publisher Alok Chaturvedi Managing Editor Sujith Vasudevan Manager - DesignPrabhu Dutta A.R.N Ray Noida Rohit Raghubanshi Akshay Shettyadvertise@ceoinsightsasia.comEditorial queries editor@ceoinsightsasia.comTo subscribeVisit https:// www.ceoinsightsasia.com/subscribe/ or send emailto subscription@ceoinsightsasia.comMagazine Price is $50 per issuePrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technologies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Designers Vayshnavi PD Tushar DVP - Sales & Marketing Abhay Katiyar Circulation Manager Magendran Perumal Editorial Heena Kousar Keerthana Kantaraju Roopalatha H. Publisher Alok ChaturvediCopyright © 2023 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.
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