The APAC data center market is rapidly growing, valued at $83.86 billion in 2023 and expected to reach $150.59 billion by 2029, with a CAGR of 10.25%. Countries like Australia, India, China, and Japan are key contributors to this growth, along with Malaysia and Indonesia emerging as top growth markets in the region. The market is driven by increased digitalization and the adoption of 5G technology.
Local and global IT infrastructure providers like Hewlett Packard Enterprise, IBM, and Cisco Systems are investing in innovations to meet the growing demand. The expansion of data centers in countries like Vietnam and the Philippines is expected to continue, boosting growth rates in the coming years. The market is supported by vendors offering servers, batteries, cooling systems, and construction services.
China’s focus on the digital economy and the Indian government’s Digital India program are driving the adoption of digital technologies in the APAC region. Edge data center deployment is increasing due to the demand for high computing power and improved connectivity standards driven by 5G network connectivity. Key market trends include the increasing adoption of artificial intelligence and efficient infrastructure to support the growing digitalization trend.
The report provides detailed insights into the APAC data center market, including market size, growth rate, key trends, and estimated power capacity by 2029. It covers segments like server infrastructure, storage infrastructure, and network infrastructure, as well as infrastructure providers, construction contractors, and data center investors in the region. Investment opportunities, market dynamics, and market segmentation by installation type, infrastructure, IT infrastructure, electrical infrastructure, mechanical infrastructure, cooling systems, general construction, and standard levels are also discussed.
ResearchAndMarkets.com is a leading source of market research reports and international market data, providing information on international and regional markets, key industries, top companies, new products, and trends. The report offers valuable insights for stakeholders in the APAC data center market looking to understand market dynamics, investment opportunities, and key trends driving growth in the region.
Article Source
https://www.globenewswire.com/news-release/2024/06/24/2902807/0/en/APAC-Data-Center-Market-Landscape-2024-2029-with-HPE-IBM-Atos-Cisco-Systems-Dell-Technologies-Arista-Networks-Juniper-Networks-Dominating-the-150-Billion-Industry.html
