Asia-Pacific Data Centre Market will reach US$ 53.58 Billion in 2028, according to Renub Research. The growth in the Asia-Pacific data centre market can be because of factors such as increasing adoption of cloud computing, rising demand for digital transformation, growth of e-commerce and social media, and emerging technologies such as 5G, IoT, and AI.
Renub Research has recently published a report titled "Asia Pacific Data Centre Market, Size, Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis" providing a comprehensive analysis of the industry that includes market share insights. In addition, the report comprises competitor and regional research and contemporary extension in the Asia-Pacific Data Centre Market.
Asia-Pacific Data Centre Industry shall experience a CAGR of nearly 12% from 2022 to 2028
The Asia-Pacific region has experienced a surge in adopting cloud-based technologies and digital transformation, increasing demand for data storage and processing. In addition, the growing number of mobile users and the rise of e-commerce have also increased the volume of data generated, further driving the demand for data centres. The Mobile Economy Asia-Pacific report by GSMA predicts a surge in the number of unique mobile subscriptions in Asia-Pacific from 1.6 Billion to 1.8 Billion in 2025, along with a potential rise in mobile penetration rates from 59% to 62%.
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Additionally, the increasing popularity of online streaming services, gaming, and social media platforms has contributed to the need for robust and reliable data centers to support these applications. Moreover, many multinational corporations are expanding their operations into the region, driving the demand for data centers to support their IT infrastructure. Finally, the availability of skilled labor, favorable government policies, and lower regional operational costs have made it an attractive location for data center investment.
IT & Telecom is dominant in Asia-Pacific Data Center Market due to a surge in the Digital Economy and Cloud-based Service adoption
The dominance of the IT and Telecom industry in the Asia-Pacific data center market is due to the rise of the digital economy and the adoption of cloud-based services, leading to an increase in data centers owned by these companies. Additionally, advanced technologies like 5G networks and IoT require extensive data processing and storage capacities, which IT and Telecom companies are well-equipped to handle. Furthermore, the highly competitive business environment in the region, with fast-growing economies like China, India, and Japan, also contributes to the companies' investments in new technologies and infrastructure to stay ahead.
The adoption of cloud computing by businesses has fuelled the demand for data centres in the Asia Pacific (APAC) region. Nevertheless, a few key Tier 1 markets, namely Singapore, Hong Kong, Tokyo, and Sydney, have dominated the data centre industry in the region. This is because of a combination of factors such as supportive government policies, reliable power supply, and the significant presence of multinational corporations in these metropolitan areas.
Expansion of e-commerce services has increased the number of corporate data centers in the Asia-Pacific Data Center market
The Asia-Pacific region's adoption of cloud computing has led to a rise in demand for data center services, with companies investing in their data centers for cloud-based workloads and data security. E-commerce growth has also spurred the establishment of data centers for faster and more reliable transaction processing. In addition, corporate data centers provide the infrastructure for big data analytics and AI technologies. Rising concerns about data security have driven investment in data center infrastructure and security measures.
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Extreme-density Usage is growing in the Asia-Pacific Data Center market due to the Increasing Demand for Higher Computing Power and Storage Capacity
The Asia-Pacific region's increase in data traffic due to cloud computing adoption and e-commerce growth has created a demand for higher computing power and storage capacity. Extreme-density data centers address this need by offering more computing power per unit area than traditional data centers. They also provide a solution for limited physical space in urban areas, are more energy-efficient and cost-effective, and offer greater business scalability.
Wholesale Colocation providers are addressing the Increasing need for Supporting Cloud-based Workloads in the Asia-Pacific Data Center Market
The adoption of cloud computing by businesses in the Asia-Pacific has increased demand for large-scale data center solutions. Wholesale colocation providers offer the necessary infrastructure and space for cloud-based workloads without companies needing to invest in their facilities. Wholesale colocation also meets the need for high-speed data transmission and low-latency connectivity. Outsourcing to a third-party provider is a more cost-effective solution than building and managing a data center in-house. Additionally, the focus on sustainability and energy efficiency has driven wholesale colocation growth, with providers investing in green initiatives such as renewable energy and energy-efficient cooling.
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Competitive Landscape
The Asia-Pacific Data Centre market is home to several prominent players, including SUNeVision Holdings Ltd., PCCW Limited, Towngas Telecommunications Company Limited, China Mobile Limited, AT&T Inc., Digital Realty Trust Inc., Equinix Inc., Microsoft, NTT Communications Corporation, and Google.
Market Summary:
- End-Use - The Asia-Pacific Data Center Market is divided into two categories based on colocation type (Retail, BFSI, IT & Telecom, Healthcare, Media & Entertainment, and Others).
- Type - By Type, the Asia-Pacific Data Center Market is segmented into 2 viewpoints (Corporate Data Centre and Web Hosting Data Centre).
- Density - Renub Research report on Asia-Pacific Data Center Market envelops density from 4 viewpoints (High Density, Medium Density, Extreme Density, and Low Density).
- Colocation Type - The Asia-Pacific Data Center Market is classified into two categories based on colocation type (Retail and Wholesale).
Key Players - All the major competitors have been covered from 3 Viewpoints (Overview, Recent Developments, and Revenue) SUNeVision Holdings Ltd., PCCW Limited, Towngas Telecommunications Company Limited., China Mobile Limited, AT&T Inc., Digital Realty Trust Inc., Equinix Inc., Microsoft, NTT Communications Corporation, and Google.
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