Rising IT Spendings In Thailand’s Boost EMC Corp’s Expansion

Northern, WI 03/09/2013 (avauncer) – With the rise in demand of forthcoming third generation commercial services in Thailand, the country’s national spending on information technology (IT) projects would surpass 10 billion baths, EMC Corporation (NYSE:EMC), an information management supplier estimates.

The company’s country manager in Thailand, said corporate clients especially those from the IT intensive sectors like banking and telecom have expanded their budgets to accommodate data centers, keeping in view the rising in data needs.

Companies now spend about 37% of their IT budgets on strategic projects compared with 30% in recent years, with the remaining 63% going to maintain IT infrastructure, he said.

Mr Nathakorn said expansion of data center projects is stimulating demand for data storage, cloud computing and security-related systems.Most construction of data centers is designed for disaster recovery.

Commercial banks are continuing to build data center back-up to reduce costs. Mr Nathakorn said big data is another high-growth area in areas of storage and business analytic tools thanks to the imminent arrival of 3G wireless broadband services.

In addition to the data center infrastructure and support products EMC Corporation (EMC), also plans to expand its footprint to the rather untapped but highly lucrative Niche of big data integration with an inbuilt capability  of predictive analytics.

International Data Corporation (Thailand), the global research firm, forecasts the value of the country’s big-data market will grow by 52% to US$8.5 million this year.

Shares of EMC Corporation (NYSE:EMC) were up by 1.46% to close at $24.30