Thailand HR SaaS Market Size and Share
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 294.40 Billion |
| Market Size (2030) | USD 539 Billion |
| CAGR (2025 - 2030) | 12.86% |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Thailand HR SaaS Market Analysis by Mordor Intelligence
The Thailand HR SaaS Market size is estimated at USD 294.40 billion in 2025, and is expected to reach USD 539 billion by 2030, at a CAGR of 12.86% during the forecast period (2025-2030).
Thailand, with its rich history in international business and a populace that's generally open and inquisitive, provides an optimal setting for the swift development and commercialization of new IT products and services. Furthermore, many small Thai companies, seeking capital and growth catalysts, present intriguing opportunities.
- Thailand's economic transformation from a low-income to an upper-middle-income status heralds a promising outlook. As the nation eyes further growth and development, the integration of Human Resources (HR) technology emerges as a pivotal factor in steering Thailand towards sustained success.
- Thailand's digital economy is on track to grow by 7.3% this year, reaching a GDP of 4.85 trillion baht (USD 161.73 trillion), as reported by the Digital Economy and Society (DES) Ministry. This growth rate for the digital economy outpaces the nation's overall GDP growth, projected at 2.8% and totaling 19.2 trillion baht (USD 640.26 trillion). Furthermore, while the country's total investment growth is set at a modest rate, digital investments are expected to surge by 9.9%, marking a rate 2.7 times higher than the national average.
- Thailand is witnessing a captivating evolution in its work culture, largely influenced by the global surge of the gig economy and the rise of remote work. This evolution not only promises to redefine employment norms but also opens up a realm of opportunities for both individuals and businesses. The gig economy, marked by its freelance and contract-centric nature, is rapidly gaining traction in Thailand.
- Cyberattacks pose a significant threat, raising privacy and security concerns. Given their heavy reliance on cloud infrastructure, SaaS firms must prioritize data security. With the majority of their information housed in the cloud, a data breach can severely damage an organization's reputation. Enhanced security standards in data regulation are essential for ensuring market growth.
- In 2024, the World Bank forecasted a 2.4% growth for the country's economy. This growth is attributed to a stable political climate that bolstered tourism, declining global commodity prices that enhanced household purchasing power, and a long-anticipated uptick in public investment. With sustained low oil prices and ambitious public investment initiatives, particularly mega-projects aimed at positioning Thailand as the region's digital nucleus, consumption is poised for a significant uplift.
Thailand HR SaaS Market Trends and Insights
Cloud Deployment Segment to Hold Significant Market Share
- Cloud deployment mode in the Thailand HR SaaS market refers to delivering human resource management software over the Internet through cloud-based platforms. This model offers scalability, flexibility, and cost efficiency, enabling organizations to access and manage tools remotely.
- Cloud computing is at the forefront of a rapid digital transformation. This swift surge in cloud adoption underscores its pivotal role in shaping the future of business and technology. A key driver of this transition is the increasing complexity of business demands. As organizations grapple with escalating data volumes and an urgent need for real-time analytics, traditional on-premises infrastructures are proving inadequate.
- Thailand is hastening its shift towards a cloud-centric digital government, as highlighted by the Ministry of Digital Economy and Society (DES). Professor Wisit Wisitsora-at, the Permanent Secretary of DES, led the year's third meeting for the Subcommittee on Government Cloud Procurement Laws.
- In the wake of the pandemic, as companies increasingly transition their core operations online, Thai businesses already leveraging cloud services are poised to amplify their investments in diverse cloud strategies over the next year. For example, Synnex (Thailand), an IT product distributor listed on the SET, is channeling 100 million baht this year into its business development, with aspirations to evolve into a comprehensive business solution provider by 2027. This investment will bolster Amazon Web Services (AWS) Thailand's cloud operations, showcase Synnex's technological solutions, and facilitate the creation of a new warehouse.
- Furthermore, Thailand's cloud-first policy, integral to the nation's broader Thailand 4.0 initiative, seeks to pivot the country towards a value-centric, innovation-led economy. Under this policy, government agencies are directed to prioritize cloud services for their IT infrastructure requirements. A Cisco Systems survey in Thailand (January-February 2024) found 48% of organizations in the formative stage of cybersecurity readiness, 9% at the mature stage, and 6% at the beginner level. In a bid to enhance efficiency, cut costs, bolster cybersecurity, and cultivate a nimble public sector, Thailand's government reaffirms its commitment to a cloud-first policy under the new administration.
- This move mirrors a global trend, with governments worldwide turning to cloud technologies to streamline operations and better serve citizens. For Thailand, as its digital economy rapidly expands, this cloud-first strategy transcends mere modernization of government functions. It's a strategic move to lay a robust foundation for future growth, draw in foreign investments, and elevate the nation's standing in the global digital arena.
- In Thailand, the surge in adopting cloud-based HR SaaS is propelled by factors like scalability, flexibility, centralized platforms, easy accessibility, and cost-effectiveness. As the global workforce leans more towards remote and mobile operations, the appetite for cloud-driven workforce management solutions grows stronger.
IT and Telecommunication Segment to be the Largest End User
- The adoption of HR SaaS solutions within Thailand's Information Technology (IT) and telecommunications sectors has seen a notable increase, driven by the need for streamlined workforce management and enhanced operational efficiency. This trend aligns with the broader movement in Southeast Asia, where the HR software market is projected to grow significantly in the coming years.
- As per the Government Public Relations Department, Thailand, reportedly achieved a major accomplishment in 2024, with investment promotion applications reaching 1.13 trillion baht, the highest in a decade.
- According to the Board of Investment (BOI), a total of 3,137 projects were approved, representing a 40% increase from 2023. Key industries driving the growth included the digital sector, which attracted 243.3 billion baht in investments, primarily in data centers and cloud services. Approved projects are expected to create over 210,000 jobs and utilize over 1 trillion-baht worth of local materials annually, contributing more than 2.6 trillion baht to Thailand's annual export value. Investments in high-tech industries, including semiconductors, Electric Vehicles (EVs), data centers, and biotechnology, have positioned Thailand as a competitive and reliable hub for global supply chains.
- Thailand's digital economy is experiencing significant growth, driven by a combination of increased foreign investments and proactive government initiatives. The country has implemented comprehensive strategies to position itself as a leading digital economic hub in Asia. In Thailand, customers increasingly view digitization positively, as highlighted by the rising trend in the Digital Sentiment Index graph. This transformation is underpinned by the government's commitment to fostering digital innovation and establishing strategic partnerships with prominent technology companies, which are expected to further accelerate the nation's digital progress.
- In September 2024, Iron Mountain, a global provider of information management services, announced the launch of its Digital HR solution, a scalable, low-code software as a service (SaaS) solution built on the newly released Iron Mountain InSight Digital Experience Platform (DXP). This solution tackles key challenges faced by HR departments today by providing secure employee file management in a centralized platform so that both physical and digital documentation is complete, up-to-date, and in compliance with employee records requirements.
- In August 2024, at the Huawei Cloud Summit Thailand 2024, Huawei Cloud restated its commitment to joint efforts to make Thailand a regional cloud hub with its growing suite of digital technologies, as the Ministry of Digital Economy and Society (MDES) elaborated on its "Cloud-First" strategy for the first time to encourage the utilization of digital technologies in public services and drive Thailand's digital future.
- In February 2024, HONO announced the inauguration of its new office in Thailand. This strategic expansion signifies HONO's commitment to driving innovation in HR technology across the globe, already making a significant impact in India, and Southeast Asia.
- In Thailand, the emergence of HR SaaS startups, such as Salary Hero, Eko, and GetLinks, highlights the sector's robust growth. These companies provide cloud-based platforms aimed at boosting employee financial health, productivity, and engagement. As a result, Thailand's IT and telecommunications sectors are increasingly adopting HR SaaS solutions, seeking to bolster operational efficiency, enhance employee engagement, and sharpen their competitive edge.
Competitive Landscape
The degree of competition depends on various factors affecting the market, such as brand identity, powerful competitive strategy, and the degree of transparency.
The brand identity associated with the companies has a major influence in this market. As strong brands are synonymous with good performance, long-standing players are expected to have the upper hand. Some include Workday, SAP SE and many other HR management software firms.
Moreover, market penetration is moderately high, given the increasing digitization across all industry verticals. Considering vendors’ market penetration and the ability to invest in new technologies, the competitive rivalry is expected to continue to be high.
The barriers to exiting the studied market are moderate and growing due to the increasing complexity of the design required for integration to cater to the current and future requirements while maintaining performance and delivering outputs.
Thailand HR SaaS Industry Leaders
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Workday, Inc.
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SAP SE
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Oracle Corporation
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IBM Corporation
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Automatic Data Processing, Inc.
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- February 2025: Oracle has introduced role-based Artificial Intelligence (AI) agents in its Oracle Fusion Cloud Human Capital Management (HCM) platform. These agents aim to assist HR and business leaders in enhancing the employee experience and maximizing workforce productivity. These AI agents automate comprehensive workflows, allowing employees to dedicate more time to impactful tasks. Integrated within Oracle Cloud HCM, these AI agents not only enhance the employee experience but also elevate productivity. They achieve this by offering personalized career support, automating routine administrative duties, and simplifying intricate processes, ranging from onboarding and contract management to performance evaluations and employee benefits.
- October 2024: At the annual IBM TechXchange Conference, experts from IBM, user groups, and sponsors led hands-on learning sessions tailored for technologists and business practitioners using IBM products. This year, IBM showcased its Watson Code Assistant, which harnessed generative AI and automation to enhance developer productivity and expedite the software development lifecycle.
Thailand HR SaaS Market Report Scope
The scope of the study delves into HR SaaS around Thailand, and the market size encompasses the revenue generated from subscription of enterprise software offered by various players operating in the market. The scope of the report covers market sizing and forecast for segmentation by solution type, by enterprise size, by deployment mode, and by end user. The analysis is based on the market insights captured through secondary research and the primaries. The market also covers the major factors impacting the growth of the market in terms of drivers and restraints.
Thailand HR SaaS market is segmented by solution (time & attendance management, payroll management, benefits management, compliance management, reporting & analytics, recruitment and talent acquisition, other solutions), by enterprise size (small and medium enterprises (SMEs), large enterprise), by deployment mode (cloud, on-premise), by end user (bfsi, healthcare, it & telecommunication, manufacturing, retail and restaurants, government, hospitality & tourism, others [education, energy & utilities, professional services, transportation & logistics]). the market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| Time & Attendance Management |
| Payroll Management |
| Benefits Management |
| Compliance Management |
| Reporting & Analytics |
| Recruitment and Talent Acquisition |
| Other Solutions |
| Small and Medium Enterprises (SMEs) |
| Large Enterprise |
| Cloud |
| On-Premise |
| BFSI |
| Healthcare |
| IT & Telecommunication |
| Manufacturing |
| Retail and Restaurants |
| Government |
| Hospitality & Tourism |
| Others (Education, Energy & Utilities, Professional Services, Transportation & Logistics) |
| By Solution | Time & Attendance Management |
| Payroll Management | |
| Benefits Management | |
| Compliance Management | |
| Reporting & Analytics | |
| Recruitment and Talent Acquisition | |
| Other Solutions | |
| By Enterprise Size | Small and Medium Enterprises (SMEs) |
| Large Enterprise | |
| By Deployment Mode | Cloud |
| On-Premise | |
| By End User | BFSI |
| Healthcare | |
| IT & Telecommunication | |
| Manufacturing | |
| Retail and Restaurants | |
| Government | |
| Hospitality & Tourism | |
| Others (Education, Energy & Utilities, Professional Services, Transportation & Logistics) |
Key Questions Answered in the Report
How big is the Thailand HR SaaS Market?
The Thailand HR SaaS Market size is expected to reach USD 294.40 billion in 2025 and grow at a CAGR of 12.86% to reach USD 539 billion by 2030.
What is the current Thailand HR SaaS Market size?
In 2025, the Thailand HR SaaS Market size is expected to reach USD 294.40 billion.
Who are the key players in Thailand HR SaaS Market?
Workday, Inc., SAP SE, Oracle Corporation, IBM Corporation and Automatic Data Processing, Inc. are the major companies operating in the Thailand HR SaaS Market.
What years does this Thailand HR SaaS Market cover, and what was the market size in 2024?
In 2024, the Thailand HR SaaS Market size was estimated at USD 256.54 billion. The report covers the Thailand HR SaaS Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Thailand HR SaaS Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Thailand HR SaaS Market Report
Statistics for the 2025 Thailand HR SaaS market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Thailand HR SaaS analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
