Southeast Asia Data Center Market:
Growth Opportunities in the Southeast Asia Data Center Market look promising over the next six years. This is mainly due to the growing number of connected devices like smartphones that create a wide amount of data and the strong adoption of IoT technologies in several industries including oil and gas, manufacturing, and healthcare.
Southeast Asia Data Center Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The major factors contributing to the growth of the Southeast Asia data center market include the growing number of connected devices like a smartphone that create a wide amount of data and the strong adoption of IoT technologies in several industries including oil and gas, manufacturing, and healthcare. The high demand for data centers to store extensive amounts of data and to examine them for insights. The increasing adoption of the internet, smartphone, online payment/digital payment, and social media is surging the demand of the market. Moreover, due to the growing penetration of digital technologies in numerous sectors in this region, small, medium, and large organizations accept digitalization, and drastically shifting towards cloud-based technology is further stimulating the data center market in Southeast Asia. Organizations in Southeast Asia are shifting towards cloud services and cloud giants that are deploying a private and public cloud. For example, Amazon Web Services (AWS) declared that it would introduce a cloud region in Indonesia by the end of 2021. Government initiatives for digital transformation in various southeast Asian economies like Singapore are certain factors that are expected to drive the growth of the market. Singapore was one of the biggest Asian Digital Transformation Index in 2018. On the other hand, the factors hindering the growth of the market include limited reliability data connectivity and power reliability concerns.
Components Segment Drivers
Based on components, the IT infrastructure is projected to rise at a faster CAGR in the coming years due to the high adoption of cloud-based solutions, along with organizations is drastically shifting towards the deployment of private cloud infrastructures, which is boosting the demand of the market.
Based on the countries, Singapore is projected to dominate the market in the coming years due to the increasing investment in IT infrastructure. In addition to this, strength like low natural disaster risk, submarine cable network, and stable political climate makes Singapore a traction center to companies for a data center.
Southeast Asia Data Center Market’s leading Manufacturers:
- Amazon Web Services, Inc.
- Digital Realty, Inc.
- Equinix Inc.
- NTT Communications Corp.
- Singapore Telecommunications Ltd.
- Hitachi Systems Ltd.
- Global Switch Ltd.
- ST Telemedia
Southeast Asia Data Center Market Segmentation:
Segmentation by Component:
- IT infrastructure
- Electrical infrastructure
- Mechanical infrastructure
- General infrastructure
- Security solutions
Segmentation by Countries:
- Rest of Southeast Asia Data Center Market
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