Data Center - Brunei Darussalam

  • Brunei Darussalam
  • Revenue in the Data Center market is projected to reach US$21.11m in 2024.
  • Network Infrastructure dominates the market with a projected market volume of US$13.04m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.95%, resulting in a market volume of US$30.95m by 2029.
  • In global comparison, most revenue will be generated in the United States (US$123.20bn in 2024).

Key regions: United States, Germany, India, Japan, China

 
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Analyst Opinion

The Data Center market in Brunei Darussalam has experienced slow growth in recent years, attributed to factors such as limited IT infrastructure development and a small user base. However, with the growing demand for data storage and processing in the region, there is potential for growth in the Servers, Storage, and Network Infrastructure sub-markets. Factors such as government initiatives to promote digital transformation and increasing awareness of the benefits of data centers may drive growth in the future.

Customer preferences:
As technology continues to advance and connectivity becomes increasingly ingrained in daily life, consumers are showing a growing preference for cloud-based and virtual solutions. This includes the adoption of cloud-based data centers for businesses and organizations, as well as the use of virtual desktops and online collaboration tools. These trends are driven by the need for remote work and flexible work arrangements, as well as the desire for more efficient and cost-effective solutions.

Trends in the market:
In Brunei Darussalam, the Data Center Market is seeing an uptick in demand for cloud-based services, with more businesses opting to outsource their data storage and management. This trend is expected to continue, as it offers cost savings and enhanced security for sensitive information. Additionally, there is a growing focus on green data centers, as companies prioritize sustainability and energy efficiency. This presents opportunities for data center operators to differentiate themselves and cater to environmentally conscious clients. With the government's push towards digital transformation, the data center market in Brunei Darussalam is poised for steady growth in the coming years.

Local special circumstances:
In Brunei Darussalam, the Data Center Market is driven by the country's strategic location near Southeast Asia's main internet hubs. The government's initiatives to promote digital transformation and attract foreign investment have also contributed to the market's growth. Additionally, the small population and stable political environment make it an ideal location for data centers, with low risk of natural disasters. The country's strong focus on Islamic principles also adds a unique factor to the market, with several data centers offering Shariah-compliant services to cater to the Muslim population.

Underlying macroeconomic factors:
The Data Center Market in Brunei Darussalam is heavily influenced by macroeconomic factors such as the country's overall economic health and government policies. With a stable and growing economy, Brunei Darussalam has seen an increase in investments and development in the data center industry. Additionally, the country's efforts to diversify its economy and promote digitalization have further boosted the demand for data center services. Furthermore, the government's initiatives to create a favorable business environment for foreign investments have attracted international data center providers to establish a presence in Brunei Darussalam. These factors, combined with the country's strategic location and connectivity, are driving the growth of the Data Center Market in Brunei Darussalam.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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