With the emergence of 5G, Thailand is set to transform. As this technology gains traction within businesses, it is estimated that its value could reach 650 billion baht in 2030.
This Internet network at unparalleled speed will then allow companies in the private and public sectors to develop. Chaiwut Thanakamanusorn, Thailand’s Minister of Digital Economy and Society, is also convinced of this. During a seminar organized by a local business newspaper, it claims that 5G is at the heart of Thailand’s technological future.
The future 5G locomotive of the Thai economy
The appearance of 5G in the country should, in fact, make it possible to create up to 130,000 jobs. This can only be beneficial for the economy, which should see its GDP multiply by 5.5 in 2035. As for these forecasts, they are not surprising, given that Thailand is now positioned at the forefront in terms of 5G spectrum license auction. A rapid evolution of the situation is therefore to be expected.
Mass adoption of 5G technology, for example through browser games, will be necessary to reduce usage costs. This ecosystem represents a critical element in the development of Thailand. The country will then have no difficulty in becoming a real center of smart cities within ASEAN. And with a view to digital transformation, it has chosen to bet on 5G.
Remember that a national 5G committee was deployed in 2020. This body is placed under the aegis of the Prime Minister. The policy will therefore be used here, to promote 5G technology throughout the country. Apart from that, an innovation center dedicated to the 5G ecosystem has been founded. This entity aims to support developers in the operation of this infrastructure.
Finally, in the Si Racha district of Chon Buri, a digital innovation center has just been set up. This infrastructure will serve as the foundation for technological tests located at Thailand Digital Valley.
5G technology at the heart of the CEE
The Eastern Economic Corridor (EEC) office has set a 5-year target: between 2022 and 2026, investment in 5G wireless technology will be set at 2.2 trillion baht. It should be noted that this objective is much higher than the figures stated for the years 2018 to 2022.
Then, as Kanit Sangsubhan, Secretary General of the CEE Office, points out, all industries in the CEE zone will benefit. Despite their high-end technology, the latter will not be able to do without 5G technology, at least if they want to make significant progress. From the electric car industry to medical equipment and automated logistics, many sectors of the S-curve are targeted.
This new wireless standard has several advantages. First of all, it admits an exceptional connection speed between multiple devices, which necessarily leads to faster communication. It is therefore an effective method of collecting information for companies. This data can be used later, in particular within the framework of the 4.0 plan in Thailand.
As such, 5G is a key element in the development of commerce and robotics in the country. It will also lead to the automation of the CEE zone. By exploiting this tool, entrepreneurs will see their operational costs reduced by at least 30%. This will make them more productive and efficient in their business. More importantly, it will be possible to increase Thailand’s GDP by 0.5%.
Make Thailand more attractive
5G certainly meets the requirements of modern Internet users. But beyond that, it is the very basis of the digitization of industries. In this sense, ten target industries were highlighted by the State when establishing the Thailand 4.0 plan. These are also known as S-curve industries.
Each of these has its importance in making Thailand more economically competitive. However, this requires the use of digital tools and technologies, the integration of IT, not to mention the use of science and technology to make work more productive. By working on these points, it will be easier to improve the positioning of Thailand at the level of the index of the Institute for Management Development.
Last year, a collaboration between Huawei and the CEE office established a CEE branch of the ASEAN Academy. Digital development courses are provided there. The entity then expects there to be more than 30,000 students, nationals, by 2024
Thailand wants to become a kind of digital hub to attract foreign investors and multiply collaborations. For it to be more attractive, it is essential that it becomes a digital talent hub, a cloud and AI hub, a connectivity hub, but also a hub for the digital ecosystem in general.