DUBLIN, Feb. 19, 2024 (Globe Newswire) — The “Singapore Data Center Market Size and Share Analysis – Growth Trends and Forecast to 2029” report has been added. ResearchAndMarkets.com Recruitment.
The latest in-depth research study currently available highlights the robust expansion of the Singapore Data Center Market with noteworthy forecasts and trend analysis shaping the landscape till 2029. The Singapore market is on an upward trajectory, showing an average annual growth rate. (CAGR) of 3.04%, highlighting the growing demand for data management solutions in the region.
Market expansion through advanced infrastructure
With IT load capacity expected to increase to 1,016MW, raised floor area of 3.3 million square feet, and number of installed racks expected to reach 165,468 by 2029, Singapore’s data center market is in full swing. We are prepared. Contributing to this growth is Western Singapore, which is expected to install a large number of racks to meet the surging demand.
Segmentation means market evolution
At the forefront of market segmentation are Tier 3 and Tier 4 data centers. Tier 3 remains dominant and is expected to capture 71.5% market share in 2023, but this share is expected to rebalance by 2029 with the advent of state-of-the-art Tier 4 data centers It has been. Despite this evolution, there continues to be demand for Tier 3 facilities. Part of this is due to significant infrastructure projects by prominent companies including STT GDC Pte. Ltd. Ltd. is planning to introduce a notable data center with a capacity of 33MW within the forecast period.
A future focused on energy efficiency and green technology
Sustainability initiatives in Singapore’s data center market
Singapore’s data center market is not only growing in size, but also in sustainability. Data centers account for an estimated 7% of Singapore’s total electricity generation, and there is a concerted effort to make them more environmentally friendly. Modern infrastructure integration and innovative cooling technologies, such as district cooling systems, will play a pivotal role in this change. Additionally, Tier 4 certified facilities are expected to significantly contribute to such sustainability efforts, as they have unique designs that support more efficient operations.
- Increased adoption of energy efficient solutions
- Investing in environmentally friendly data processing facilities
- Adopting green power and cooling technology
Competitive environment with many market participants
The competitive field in the Singapore data center market is exemplified by moderate consolidation with the top five companies holding a combined market share of 46.09%. Market leadership is reflected in the work of pivotal companies that advance the industry through innovation and expansion, including respected brands such as Equinix and AirTrunk Operating.
As data centers continue to be critical nodes in the global information infrastructure, the Singapore market’s strong growth and emphasis on green data management serve as a guide to industry standards and operational excellence.
Some of the companies mentioned in this report include:
- 1-Net Singapore Pte. Ltd. (Mediacorp)
- Airtrunk Operating Pte Ltd.
- China Mobile International Co., Ltd.
- Cyxtera Technologies
- Digital Realty Trust Co., Ltd.
- empyrion dc
- Equinix Inc.
- Global Switch Holdings Co., Ltd.
- Phoenix NAP
- princeton digital group
- Rackspace Technology Co., Ltd.
- STT GDC Pte. Co., Ltd.
For more information on this report, please visit https://www.researchandmarkets.com/r/t2ofx4.
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. We provide the latest data on international and regional markets, key industries, top companies, new products and latest trends.
-
Singapore Data Center Market Singapore Data Center Market CAGR by Tier
