Product Code: ETC9684327 | Publication Date: Sep 2024 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Thailand Explainable AI market is witnessing significant growth driven by the increasing adoption of AI technologies across various industries such as finance, healthcare, and e-commerce. Explainable AI, which focuses on providing transparency and understanding of AI decision-making processes, is gaining traction due to regulatory requirements and the need to build trust in AI systems. Companies in Thailand are investing in explainable AI solutions to enhance decision-making processes, improve customer experiences, and ensure compliance with data privacy regulations. The market is characterized by a growing number of domestic and international vendors offering a range of explainable AI products and services tailored to the specific needs of Thai businesses. With the increasing awareness of the importance of AI transparency and interpretability, the Thailand Explainable AI market is expected to continue its growth trajectory in the coming years.
In Thailand, the Explainable AI market is experiencing significant growth due to increasing adoption in industries such as finance, healthcare, and e-commerce. One key trend is the emphasis on ethical AI practices, leading to the development of transparent and interpretable AI models that can explain their decision-making process. This trend is driven by regulatory requirements and the need for accountability in AI systems. Opportunities in the Thailand Explainable AI market include providing solutions for regulatory compliance, enhancing trust in AI technologies, and enabling better decision-making for businesses. Companies that can offer explainable AI solutions tailored to the Thai market`s specific needs and regulatory environment stand to benefit from the growing demand for transparent and interpretable AI technologies in the region.
In the Thailand Explainable AI market, one of the key challenges faced is the lack of understanding and awareness among businesses and consumers regarding the concept of explainable AI and its importance. Many organizations may be hesitant to adopt explainable AI solutions due to concerns about transparency, interpretability, and trustworthiness of the technology. Additionally, the complexity of implementing and integrating explainable AI systems into existing infrastructure poses a technical challenge for businesses. Furthermore, regulatory frameworks and data privacy laws in Thailand may also impact the development and deployment of explainable AI solutions. Overcoming these challenges will require education, collaboration between stakeholders, and the development of clear guidelines and standards for explainable AI in the Thai market.
The Thailand Explainable AI market is primarily driven by the increasing adoption of AI technologies across various industries such as healthcare, finance, and retail. Businesses are seeking transparency and accountability in AI decision-making processes, leading to the demand for explainable AI solutions that can provide insights into how AI algorithms arrive at specific decisions. Additionally, regulatory requirements and ethical concerns around AI bias and discrimination are pushing organizations to implement explainable AI models to ensure fairness and compliance. The growing awareness of the benefits of explainable AI in improving trust, interpretability, and user acceptance is further fueling market growth in Thailand.
The Thai government has shown a commitment to fostering the growth of the Explainable AI market through various policies and initiatives. In 2019, the Thailand Board of Investment introduced incentives to attract AI-related businesses to the country, offering tax breaks and other benefits. Additionally, the National AI Ethics Committee was established to ensure that AI technologies, including Explainable AI, are developed and deployed ethically and responsibly. Furthermore, the Thai government has been investing in developing a skilled workforce in AI through education and training programs. These policies aim to position Thailand as a regional hub for AI innovation and promote the adoption of Explainable AI technologies across various sectors, fostering economic growth and technological advancement in the country.
The future outlook for the Thailand Explainable AI market appears promising, with sustained growth anticipated in the coming years. As businesses and industries increasingly recognize the importance of transparency and accountability in their AI systems, the demand for explainable AI solutions is expected to rise. This trend is further boosted by regulatory requirements and the need to build trust among consumers. Companies in Thailand are likely to invest in explainable AI technologies to enhance decision-making processes, improve customer experiences, and mitigate risks associated with opaque AI systems. Collaborations between technology providers, research institutions, and government agencies are also anticipated to drive innovation and adoption in the Thailand Explainable AI market, positioning the country as a key player in the global AI landscape.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Explainable AI Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Explainable AI Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Explainable AI Market - Industry Life Cycle |
3.4 Thailand Explainable AI Market - Porter's Five Forces |
3.5 Thailand Explainable AI Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Thailand Explainable AI Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Thailand Explainable AI Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Thailand Explainable AI Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for transparency and interpretability in AI algorithms |
4.2.2 Growing adoption of AI technologies across industries in Thailand |
4.2.3 Government initiatives and policies supporting the development of AI technologies |
4.3 Market Restraints |
4.3.1 Lack of awareness and understanding of explainable AI among businesses |
4.3.2 Data privacy concerns and regulatory challenges |
4.3.3 Limited availability of skilled professionals in the field of explainable AI |
5 Thailand Explainable AI Market Trends |
6 Thailand Explainable AI Market, By Types |
6.1 Thailand Explainable AI Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Thailand Explainable AI Market Revenues & Volume, By Component, 2021- 2031F |
6.1.3 Thailand Explainable AI Market Revenues & Volume, By Solution, 2021- 2031F |
6.1.4 Thailand Explainable AI Market Revenues & Volume, By Services, 2021- 2031F |
6.2 Thailand Explainable AI Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Explainable AI Market Revenues & Volume, By Fraud and Anomaly Detection, 2021- 2031F |
6.2.3 Thailand Explainable AI Market Revenues & Volume, By Drug Discovery and Diagnostics, 2021- 2031F |
6.2.4 Thailand Explainable AI Market Revenues & Volume, By Predictive Maintenance, 2021- 2031F |
6.2.5 Thailand Explainable AI Market Revenues & Volume, By Supply Chain Management, 2021- 2031F |
6.2.6 Thailand Explainable AI Market Revenues & Volume, By Identity and Access Management, 2021- 2031F |
6.2.7 Thailand Explainable AI Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Thailand Explainable AI Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Thailand Explainable AI Market Revenues & Volume, By Healthcare, 2021- 2031F |
6.3.3 Thailand Explainable AI Market Revenues & Volume, By BFSI, 2021- 2031F |
6.3.4 Thailand Explainable AI Market Revenues & Volume, By Aerospace and Defense, 2021- 2031F |
6.3.5 Thailand Explainable AI Market Revenues & Volume, By Retail and E-commerce, 2021- 2031F |
6.3.6 Thailand Explainable AI Market Revenues & Volume, By Public Sector and Utilities, 2021- 2031F |
6.3.7 Thailand Explainable AI Market Revenues & Volume, By IT and Telecommunication, 2021- 2031F |
6.3.8 Thailand Explainable AI Market Revenues & Volume, By Others, 2021- 2031F |
6.3.9 Thailand Explainable AI Market Revenues & Volume, By Others, 2021- 2031F |
7 Thailand Explainable AI Market Import-Export Trade Statistics |
7.1 Thailand Explainable AI Market Export to Major Countries |
7.2 Thailand Explainable AI Market Imports from Major Countries |
8 Thailand Explainable AI Market Key Performance Indicators |
8.1 Percentage increase in the adoption of explainable AI solutions in key industries |
8.2 Number of research and development collaborations between government, academia, and industry in the field of explainable AI |
8.3 Growth in the number of AI-related patents and publications in Thailand |
9 Thailand Explainable AI Market - Opportunity Assessment |
9.1 Thailand Explainable AI Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Thailand Explainable AI Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Thailand Explainable AI Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Thailand Explainable AI Market - Competitive Landscape |
10.1 Thailand Explainable AI Market Revenue Share, By Companies, 2024 |
10.2 Thailand Explainable AI Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |