TCC Technology (TCCT), a data centre provider under TCC Group, will spend 3.1 billion baht to expand its data centre capacity to capitalise on growth in cloud computing.
Global telecommunications network carriers and cloud computing providers such as Amazon and a Japanese hybrid cloud computing provider plan to expand their data centres and cloud-based services in Thailand, making it an Asean hub of connectivity.
Managing director Kosit Suksingha said TCCT received Board of Investment approval to expand its data centre in the TCIF Tower in Bangkok's Bang Na district by an additional 13,500 square metres over the next two years.
This expansion will help to serve data centre demand in eastern Bangkok.
When the expansion is completed, the combined space of data centres at three sites - Bang Na, Amata Industrial Estate in Chon Buri and Empire Tower on Bangkok's Sathon Road - will exceed 18,795 sq m.
TCCT will become the country's largest data centre provider.
The company also plans to finalise the location for its "mega data centre" later this year.
Mr Kosit said data centre service in Thailand has been increasing since the political unrest of 2008-10, with growth projected to continue at 20-50% per year.
Waleeporn Sayasit, TCCT's corporate marketing director, said demand for data centres, IT infrastructure, cloud computing, connectivity and particularly 3G and 4G has jumped this year.
The upcoming Asean Economic Community will drive business to expand over the next two years, driving demand for data centres, she said.
The research firm Gartner said global expenses of hardware at data centres such as storage and connectivity are expected to reach US$126 billion in 2015, up from $106 billion last year.
Canalys, another research company, predicts IT infrastructure investment in Asia-Pacific will make up 30% of the world's total investment in 2016.