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Thai IT industry is one of the most fastest-growing in the region and boosts the country’s economy each year. In 2019, for example, it grew by 13% and its value was estimated at 527 billion Thai Baht or 16.9 billion USD.  Hardware is the biggest contributor with 7.5 billion USD while digital services will have the highest growth at 34 percent. 

Meanwhile, software services will account for 20 percent with $3 billion and digital services will be valued at $2 billion, or 12 percent.

The factors that drive the total IT market are business transformation from traditional to digital, government policies, or the Thailand 4.0 scheme, the coming of new technologies including big data, robotics, cloud, software as a service smart devices such as CCTV and smart Bluetooth. 

Why you should work with Thai IT companies

In addition to the market growth and extensive range of services Thai IT companies and software agencies provide, there are also several other reasons why you should work with them. 

For example skilled workers. Thailand has a large pool of young professionals working in the IT sector, which enables companies to attract and get a growing number of clients with different types of digital projects. 

Also, IT companies from Thailand enjoy a great industry-specialized infrastructure and apply the latest technologies in designing and developing new digital projects. In fact, the Thai IT market is one of the largest and most attractive in the region. 

What to pay attention to when working with Thai IT companies

At the same time, there are several challenges when working with Thai IT companies. Among the biggest barriers, clients face when working with Thai digital agencies are the language barrier and the project management issues, which holds other potential clients back from continuing their cooperation with these companies, and also lowers the chances of being recommended to other potential clients. 

How reliable are Thai IT companies

With a lot of consumers and clients both on internal and external markets, Thai digital agencies and IT companies enjoy a good reputation. In spite of having a lot of regional competitors, local companies still manage to attract a big share of the market, and this makes them rather reliable than untrustworthy. 

How does the Thai IT industry relate to the neighboring countries?

With Cambodia, Laos, Malaysia, and Myanmar as neighboring countries, Thailand has a lot of chances to become the regional tech hub that will lead the market to a better, more performant level which increases the chances of getting more visible outside the region. 

Also, neighboring countries would benefit from promoting Thailand’s digital industry and joining their efforts to create a regional hub in this direction.

Business Consulting is a professional service that helps businesses to improve their performance, solve problems and achieve their goals. It involves working with consultants that offer guidance, advice, and recommendations in various circumstances for a business's success.

A study by The Conference Board revealed that companies that use external consultants achieve higher profits and have better organizational performance compared to those that rely solely on internal resources.

The question that rise is why businesses without external support have a lower performance.

The answer is hidden in the following:

• Consultants assist in formulating business strategies and identifying target markets and growth opportunities, which is more difficult to do on your own.
• A problem is always easier to solve with someone's help. Consultants are problem solvers by nature. They excel in analyzing complex business issues and proposing effective solutions. 
• Consultants provide financial expertise, helping businesses optimize their financial performance, manage budgets, evaluate investments, and improve cash flow.
• At the same time, they can be your business marketers and branding persona. Consultants may support businesses in developing effective marketing strategies and improving their brand positioning. 

The next question to answer is how to choose the right Business Consulting Company. It is not easy, but possible by following the tips below:

1. Look for consultants with expertise and experience in your industry. Check their success stories to ensure they can deliver the results you seek.
2. Look for consultants that have good communication and collaboration skills, because they should listen to your requirements, understand them and collaborate with the team behind your business. 
3. Avoid offering one-size-fits-all solutions, given the fact that each business is unique and needs a unique approach. 
4. Consider the cost of the business consulting company services. Evaluate the potential return on investment and do not forget that quality consulting can have a positive impact on your business.

This being said we invite you to explore business companies' profiles on TechBehemoths platform and feel free to get in touch with them. There are more than 1803 service providers on our platform which offer a wide variety of business consulting solutions.