There are 1 Companies in Thailand
that provide Contract Manufacturing Services!
The 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
Discover Top IT Companies in Thailand specialized in Contract Manufacturing so you can find a reliable partner to outsource your manufacturing.
Contract manufacturing is a service provided by a company (the "contractor") that agrees to manufacture products for another company (the "customer"). The contractor usually has the expertise and resources to produce the products more efficiently and cost-effectively than the customer could on their own. Thus contract manufacturing is a great option for businesses that don't have the resources or expertise to manufacture their own products.
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The ICT Industry in Thailand: Digital Agencies Data & General Profile
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.
What is Contract Manufacturing and what are its benefits for your projects?
Contract manufacturing is a service provided by a company (the "contractor") that agrees to manufacture products for another company (the "customer"). The contractor usually has the expertise and resources to produce the products more efficiently and cost-effectively than the customer could on their own. Thus contract manufacturing is a great option for businesses that don't have the resources or expertise to manufacture their own products.
But, why is contract manufacturing important in the IT industry?
The answer is found in the constant evolution of IT, which wants companies quickly adaptable to new technology new trends, and new market demands. Not every time this is possible on companies own, that is why contract manufacturing service help do this by providing them with the flexibility to scale up or down production as needed. It can also help companies save money on manufacturing costs.
To resume contract manufacturing is important because of it:
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Reduce costs
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Increase efficiency
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Improve quality
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Maximize profits
Generally speaking, there are a few popular items that are often contract-manufactured including such as electronics, medical devices, consumer goods, food and beverage, and industrial products.
But If we look at the IT branch within contract manufacturing services, we can see the following items:
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Hardware: computers, laptops, tablets, smartphones, and other electronic devices.
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Software: operating systems, applications, and middleware.
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Networking equipment: routers, switches, firewalls, and other networking devices.
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Storage devices: hard drives, SSDs, and other storage devices.
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IT services: consulting, support, and training services.
Did you know that?!
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The electronics industry is the largest user of contract manufacturing, accounting for over 30% of the market.
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The global contract manufacturing market is expected to reach cca. $515 billion by 2030.
Selecting the right contract manufacturing company requires considering multiple aspects:
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The company's experience and expertise in the IT industry.
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The company's capabilities in terms of manufacturing capacity, quality control, and delivery.
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The company's pricing and terms.
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The company's reputation and references.
Before you choose a contract manufacturing company, it's important to do your research and compare different providers.
That is why we invite you to make this research on the TechBehemoths platform where more than 77 companies offer a wide variety of contract manufacturing services. Using the filters you narrow down the results based on your requirements and preferences.
Otherwise, you can choose the option to submit your project, and our team will select and send you the best matching companies in about 1 hour. It’s free and there is no obligation to hire. Feel free to start your search just now!