The APAC data center market is experiencing substantial growth, with a valuation of $83.86 billion in 2023 and anticipated to reach $150.59 billion by 2029. The market is driven by digitalization trends, with several regional countries, including China and India, focusing on enhancing their digital economies through initiatives like the Digital India program.
The deployment of 5G technology is contributing to the expansion of data centers in the APAC region, with countries like China, Australia, and Japan leading the way. Edge data center deployment is also on the rise to support the increased demand for high computing power and improved connectivity standards.
Key players in the APAC data center market include global IT infrastructure providers such as Hewlett Packard Enterprise, IBM, and Cisco Systems, as well as local vendors like ABB and Caterpillar. The market is also supported by construction contractors like AECOM and Arup, who are instrumental in speeding up construction processes and providing skilled labor.
With a focus on increasing efficiency, there is a growing demand for innovative infrastructure solutions such as lithium-ion batteries for UPS systems and air and water-based cooling systems. These technologies are essential for maintaining optimal performance in data centers, especially in the tropical climate of the APAC region.
Overall, the APAC data center market is on a trajectory of significant expansion, driven by digitalization, 5G connectivity, and the adoption of artificial intelligence. As countries in the region continue to invest in their digital economies, the demand for data centers and supporting infrastructure is expected to rise steadily over the coming years.
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https://finance.yahoo.com/news/apac-data-center-market-landscape-094200359.html