Asia Pacific Data Centre Market Report 2023: Growing Demand for High-Density Data Centers Bolsters Sector>
Benzinga – PR Newswire
Asia-Pacific Data Centre Market will reach US$ 53.58 Billion in 2028 and expand at a CAGR of 12% from 2023 to 2028, according to the publisher. As of 2022, Eastern Asia had the highest number of internet users at 1.2 Billion, for comparison, the Americas had only 807 million. With colocation and hyper-scale, data centers are rapidly growing their capacity. Also, emerging markets like Osaka, Melbourne, Jakarta, Manila, Hanoi, Taipei, Hyderabad, New Delhi, and Chennai grew from just under 700 MW 5-years ago to currently over 3,000 MW, registering a whopping 300 percent growth in capacity. The demand for data centers will continue with virtual, augmented reality, AI, and the Internet of Things. In the IT infrastructure segment, significant revenue generation is by servers as the growth in data generation is augmenting demand for faster processing and efficient servers. The Asia-Pacific media and entertainment market will grow at an increasing rate during the forecast period. The corporate data centre category will hold the lion’s share of the entire market from 2023 to 2028. The need for efficiency coupled with the demand for compact equipment is primarily increasing the adoption of High-Density Data Centres. In addition, emerging economies such as India & China will drive the high-density data center market primarily due to increasing investments in several sectors such as banking, Telecom& insurance, and others requiring data centers to support new regional projects. The wholesale colocation service will register the highest growth rate over the coming years due to several major cloud service providers and hyper scalers moving toward wholesale colocation.
Link: https://www.benzinga.com/pressreleases/23/04/n31713928/asia-pacific-data-centre-market-report-2023-growing-demand-for-high-density-data-centers-bolsters-