NEWS : Southeast Asia (SEA) Data Centers Set To Witness Accelerated Growth In The Next 5 Years23 October 2020
Southeast Asia as a powerhouse
A report by Cushman & Wakefield estimates that the Southeast Asia Datacenter market is set to achieve a Compounded Annual Growth Rate (CAGR) of 13% in the years 2019 to 2024. The region is projected to achieve accelerated growth in the market as more companies are choosing to develop datacenters in Southeast Asia. Asia-Pacific as a whole, is on track to lead the datacenter market by 2021 with a total market size estimated at US$28 billion.
- Malaysian-based and Japanese-owned company, Regal Orion Bhd Sdn., is in the process of building a US$290m Green Datacenter in Labu, Negeri Sembilan. The datacenter facility will occupy 11,520 square metres of space, and host up to 4,064 racks. Essentially making it the largest facility to be housed within a single site in Southeast Asia.
- Datacenter firm DCI Indonesia, has also begun construction of its third datacenter facility called JK3 in Cibitung, West Java in Indonesia. Toto Sugiri, CEO of DCI, shared that “DCI is ready to become a pioneer who presents the largest hyperscale datacenter facility in Indonesia,”. Furthermore, Indonesia’s stellar growth as a young market is capped off by NTT Communications Corporation, announcing the development of a new datacenter campus at Bekasi, Indonesia.
- Singapore is projected to lead APAC growth well into 2024, outpacing North America. Considering the land-scare nature of Singapore, Jakarta and Malaysian are next in line for a massive uptick in datacenter growth. Industry giants such as Huawei, Alibaba, and Microsoft are already investing in these countries as a recognition of their market potential.
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