Key Findings
The Asia-Pacific data center colocation market is predicted to develop with a CAGR of 16.06% over the forecasting years of 2021 to 2028. The market growth of the region is facilitated by the significant shift towards digitization by SMEs, the growing requirement for high-speed and low-cost data processing as well as data storage systems, and the rapid development in terms of modernization and digital transformation.
Market Insights
The Asia-Pacific data center colocation market growth study entails the evaluation of India, Australia & New Zealand, Singapore, Japan, China, and Rest of Asia-Pacific. As Southeast Asia’s major data center hub, Singapore harbors numerous data center facilities operated by telecommunications, cloud, internet, and colocation service providers. More than 90% of the global internet traffic is routed through Singapore’s subsea fiber network. In this regard, the digital economy is anticipated to boost the country’s gross domestic product (GDP) by nearly 0.5% year on year, with an evaluated contribution of approximately $8 billion by 2020.
On the other hand, as per the Singapore Internet Exchange (SGIX), average inbound traffic in the country increased to around 350 Gbps in May 2020 from 200 Gbps in May 2019. This figure is anticipated to augment exponentially as Singapore’s data traffic continues observing a growing trend from 2020 and 2026. Therefore, the aforementioned factors are set to play a pivotal role in driving the data center colocation market growth in the Asia-Pacific over the forecasting years.
Competitive Insights
Some of the top players operating in the market are China Telecommunications Corporation, KDDI Enterprise, NTT Communications, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments