Mega Trends to 2025 transitioning Thailand into a regional digital hub 1 published : 24 Dec 2020 at 15:00 1 BY ABEL DENG, CEO, HUAWEI TECHNOLOGIES (THAILAND) CO., LTD. As we enter 2021, we can clearly see that digital economy plays a key role in economic growth. Digital transformation gives all industries access to incredible growth potential, as new business models and applications arising from ICT infrastructure change the way business is run. Digital Economy – the new economic growth driver According to research by Huawei and Oxford Economics, ICT infrastructure will drive global digital economy growth to an estimated $23 trillion by 2025. In Thailand, we are starting to see how the nation is working to drive digital transformation and utilise innovation to become a cutting-edge economic powerhouse. Indeed, the country’s digitisation journey has already begun with the “Thailand 4.0” economic model that concentrates on important advancements and digital improvements to enhance the quality of life, productivity and efficiency of Thai people. The convergence of 5G, IoT, Cloud and AI technologies are the foundations for the Digital Economy, which is estimated to contribute 30% to Thailand’s GDP by 2030. 5G and IoT are at the heart of connectivity, whereas cloud and AI represent the future of computing. Connectivity and computing will further integrate with industries and focus on real-life scenarios and solutions to real problems.