Asia-Pacific Data Center Market to be Dominated by IT Infrastructure Segment

The uptake of Big Data, IoT technologies, and the growing need for colocation data centers to witness growth in the Asia-Pacific data center market during the forecast period.

According to the TechSci Research report, titled “Asia-Pacific Data Center Market- By Region, Competition, Forecast & Opportunities, 2028,” the data center market in Asia-Pacific is expected to report a significant rise during the forecast period.

Data security is quickly becoming a topmost preference for the region. The need to store and process data effectively has increased nowadays, since rapid digitalization, faster internet speeds, and smart technologies processing high data consumption are gaining traction. Additionally, Asia-Pacific digital economy and government encouragements offer attractive investment opportunities, which are anticipated to significantly raise demand for data centers in the area. Colocation center providers are also entering the region through mergers/ acquisitions and joint ventures. During the forecast period, this will accelerate the market expansion of data centers in Asia-Pacific.

Moreover, the Asia-Pacific data center market is being forced by an increase in smartphone users as well as a need for more data and extreme bandwidth capacity. In this digital age, the data center industry is expanding rapidly, since the healthcare sector is growing, and people are moving towards 5G. However, Artificial intelligence (AI), machine learning (ML), and innovative analytical methods are just a few of the cloud computing-based technologies for which the region is suitable as a hub.

Initiatives taken by the public authority, for instance, computerized financial group strategy to reinforce the modern worth chain, upgrading Thailand's venture possibilities and seriousness in the Chiang Mai region empowering different organizations to team up in all features of the business connected with mechanical improvements, such as Cloud Administration, Server Farm, and Programming Park. Through 2028, the Asia-Pacific data center market is anticipated to benefit from such government initiatives and developments. Due to this, the market is expanding and is anticipated to register a high CAGR in the future.

Browse over xx market data Figures spread through 80 Pages and an in-depth TOC on the “Asia-PacificData Center Market.”

The Asia-Pacific data center market can be segmented by solution, enterprise size, end user, and region. Based on solution, the market is divided into IT infrastructure, general infrastructure, electrical infrastructure, mechanical infrastructure, and others. Based on enterprise size, the market is segmented into large enterprises and small & medium enterprises (SMEs). Based on end user, the market is divided into information technology & telecom, government, BFSI, healthcare, and others. Based on region, the market is segmented into China, Japan, India, South Korea, Australia, Vietnam, Indonesia, Singapore, Philippines, and Malaysia.

Due to rising demand for digital infrastructure projects in sectors like banking/fintech, telecommunications, energy, smart agriculture, and government, the IT Infrastructure market has demonstrated lucrative growth. As a result of ongoing investment, Asia-Pacific now has the most advanced internet infrastructure. In addition, according to IDC Asia-Pacific is one of the largest data markets, so public and private sector businesses are increasingly interested in and in need of cloud services.

In terms of Country analysis, the data center market is dominated by China in the Asia-Pacific region. China has 4G and 5G independent networking setups, and China has the largest optical fiber network in the world. In 5G, 916,000 base stations have been constructed, providing more than 365 million of the 70 to 80% of connections worldwide. Substantial data consumption is increasing due to the rising demand for Over the Top (OTT) services/ platforms and online streaming of content in high-display systems. Though Yuoku, Tencent Video, Mango TV, and Bilibili are local OTT providers. In 2021, the online streaming industry was valued at around USD 34 billion, and it is predicted that this figure will rise in tandem with the rising number of OTT users.

Key market players in the Asia-Pacific data center market include:

·         AirTrunk Operating Pty Ltd.

·         Canberra Data Centers

·         Chindata Group Holdings Ltd.

·         Digital Realty Trust, Inc.

·         Equinix, Inc.

·         Keppel DC REIT Management Pte. Ltd.

·         KT Corporation

·         NEXTDC Ltd

·         NTT Ltd.

·         Princeton Digital Group

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“The automatic route of foreign direct investment (FDI) is being accepted in Asia-Pacific. Global leaders, such as Google Cloud, Amazon Web Services, NTT Communications Corporation, and many more have shown faith in the strategic geographical presence and supply chain. The region's digital economy is expected to witness high growth post the launch of 5G networks and cloud services, which in turn, will fuel the demand for high-bandwidth networking, climbable IT infrastructure, and ideal data center power efficiency. The market's growth is further increased by the large volume of internet traffic and the presence of many cloud service providers.  In addition, the market is estimated to continue expanding in Asia-Pacific due to the government's supportive policies/regulations and the growing need for infrastructure development, and several other factors,” said Mr. Karan Chechi, Research Director at TechSci Research, a research-based global management consulting firm.

Asia-Pacific Data Center Market By Solution (IT Infrastructure, General Infrastructure, Electrical Infrastructure, Mechanical Infrastructure, and Others), By Enterprise Size (Large Enterprises, Small & Medium Enterprises (SMEs)), By End User (Information Technology & Telecom, Government, BFSI, Healthcare, and Others), By Region, Competition Forecast & Opportunities, 2028 has evaluated the future growth potential of Asia-Pacific Data Center Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Asia-Pacific Data Center Market.

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