The "APAC Data Center Market Landscape 2024-2029" report has been added to ResearchAndMarkets.com's offering. The APAC Data Center Market was valued at USD 83.86 Billion in 2023, and is expected to re...
Autore: Business Wire
DUBLIN: The "APAC Data Center Market Landscape 2024-2029" report has been added to ResearchAndMarkets.com's offering.
The APAC Data Center Market was valued at USD 83.86 Billion in 2023, and is expected to reach USD 150.59 Billion by 2029, rising at a CAGR of 10.25%.
The APAC data center market hosts several local and global IT infrastructure vendors such as Hewlett Packard Enterprise, IBM, Atos, Cisco Systems, Dell Technologies, Arista Networks, Juniper Networks, and others. Vendors continuously invest in innovations in their offerings to meet market demand.
The APAC data center market is one of the major growing data center markets globally, with a higher investment contribution from countries such as Australia, India, China, and Japan, with other countries such as South Korea, Taiwan, Hong Kong, and New Zealand with steadily rising data center activities.
Malaysia and Indonesia have emerged as the major growing markets in the APAC data center market after a setback in Singapore due to a past moratorium on data center construction. Investment in Singapore is expected to rise again after the government announced a pilot project for data center construction.
Other countries, such as the Philippines, Vietnam, and Thailand, are witnessing a sudden surge in demand, especially from the spillover of demand from Singapore after the moratorium. Countries such as Vietnam and the Philippines are among the markets that are expected to witness a growth rate increase in the coming years.
The APAC data center market has multiple local and global support infrastructure vendors, which has increased its competitiveness. Some major vendors in the APAC data center market include ABB, Caterpillar, Cummins, Eaton, Rittal, STULZ, Schneider Electric, Vertiv, and others. Global general construction contractors such as AECOM, Arup, CSF Group, DSCO Group, NTT Facilities, RED, and others have increased the construction speed, and the availability of a skilled workforce has become easier through multiple organizations.
KEY TRENDS
Increased Digitalization Is Driving the Growth of Data Centers in the APAC Region
The APAC data center market is experiencing expansion, fueled by the widespread digital transformation across the region. The growing digitalization trend is driving a swift surge in demand for data centers, with various regions implementing their digital strategies.
The region's rapid adoption of digital technologies is driven by an increasing demand for improved productivity, optimized resource utilization, and various other advantages. The expansion of 5G connectivity, coupled with the utilization of Big Data and IoT services, further contributes to the ongoing digitalization trend in the area.
China's national development strategy consistently favors the digital economy. In alignment with the 14th Five-Year Plan, China seeks to enhance expertise in critical domains, including quantum information, communications, integrated circuits, sensors, and blockchain. Additionally, it actively promotes emerging technologies such as 6G.
The Indian government initiated the Digital India program, which encompasses multiple government departments and aims to nurture a future of learning and development for India.
Deployment of Edge Data Centers Fueled by Growing 5G Network Connectivity
The adoption of 5G technology is widespread in various countries, including China, Australia, Japan, Singapore, and South Korea. The deployment of 5G in multiple locations is propelled by the need for high computing power and enhanced connectivity standards within data centers.
Some major operators in Hong Kong are China Mobile Hong Kong Ltd, Hong Kong Ltd, SmarTone Mobile Communications Ltd, and Hutchison Telephone Company Ltd.
The government has uniquely agreed with New Zealand's three primary network providers - Spark, 2Degrees, and One New Zealand. This agreement aims to accelerate the deployment of 5G services in approximately 55 rural and regional towns across the country while extending mobile wireless coverage to additional remote areas that currently lack adequate service.
Rising Adoption of Artificial Intelligence Fueling the Demand for Efficient Infrastructure
The deployment of edge data centers is fueled by growing 5G network connectivity. The adoption of 5G technology is widespread in various countries, including China, Australia, Japan, Singapore, and South Korea. The deployment of 5G in multiple locations is propelled by the need for high computing power and enhanced connectivity standards within data centers.
SEGMENTATION INSIGHTS
KEY QUESTIONS ANSWERED
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 88 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $83.86 Billion |
| Forecasted Market Value (USD) by 2029 | $150.59 Billion |
| Compound Annual Growth Rate | 10.2% |
| Regions Covered | Asia Pacific |
VENDOR LANDSCAPE
IT INFRASTRUCTURE PROVIDERS
Prominent Construction Contractors
Other Prominent Construction Contractors
Prominent Support Infrastructure Vendors
Other Prominent Support Infrastructure Vendors
Prominent Data Center Investors
Other Prominent Data Center Investors
New Entrants
PREMIUM INSIGHTS
Investment Opportunities
Market Dynamics
MARKET SEGMENTATION
Segmentation by Facility Type
Segmentation by Infrastructure
Segmentation by IT Infrastructure
Segmentation by Electrical Infrastructure
Segmentation by Mechanical Infrastructure
Segmentation by Cooling Systems
Segmentation by Cooling Techniques
Segmentation by General Construction
Segmentation by Tier Standard
For more information about this report visit https://www.researchandmarkets.com/r/r7aupv
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Fonte: Business Wire