Thailand technology sector is well-position to make an impression on the regional stage in the coming year. Technology is the next sector to watch.
The state of technology in Thailand is not very stable. The country has been experiencing power outages and other difficulties that have caused some major problems for the nightlife industry. These are just some of the issues that have arisen as a result of this technological instability.
Read more: The state of technology in Thailand
The current technological state
Thailand’s technology sector is currently experiencing rapid growth and expansion. The main goal, particularly in the start-up space, is to become known as a major technology influencer. Thailand has yet to produce any home-grown unicorns comparable to those found in Indonesia and Singapore.
The National Innovation Agency, or NIA, is a government agency task with supporting and developing Thailand major technology initiative.
Thailand’s hiring and talent prospects
Salaries for competitive talent are rising because everyone wants to hire from the same talent pool.
What this entails for technology firms and professionals
The main challenge for a tech company to focus on is talent and your talent pipeline. Looking to the future becomes increasingly important as the demand for tech professionals rises. This includes not only interviewing and hiring for current needs, but also evaluating potential hiring needs, maintaining a strong pipeline of talent, and being willing to hire flexibly. This is especially important for start-ups or other companies that expect to grow quickly, as hiring requirements can change within months.
Thailand’s tech sector is expanding and investing.
Thailand technology industry is poise for rapid growth, thank to government investment in creating regional incentive for tech company to start doing business or continue investing in technology in Thailand. While a laid-back lifestyle and famous beach may still come to mind when thinking of Thailand, the technology industry is creating new and exciting opportunities for technology professionals and businesses on a global scale.
Thailand is a country that has been growing in economic strength for decades, with the technology sector being no exception. With its strong manufacturing and engineering sectors, Thailand 4.0 will drive innovation through AI, digitalization, automation, and other technologies to help produce more unicorns at home. As part of this initiative they are emphasizing education in food tech so their workforce can stay competitive on the global stage as well as attracting international talent by creating regional incentives for tech companies to start doing business or continue investing there. If you want your company to expand into Thailand but don’t know where to begin let us know
Also read about: Thailand’s Product Technology