Data Center - Eastern Asia

  • Eastern Asia
  • Revenue in the Data Center market is projected to reach US$125.50bn in 2024.
  • Network Infrastructure dominates the market with a projected market volume of US$83.50bn in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.48%, resulting in a market volume of US$188.50bn 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 Eastern Asia is experiencing a steady growth rate due to increasing demand for digital technologies, rising awareness about data management, and the convenience of online services. Factors such as advancements in server, storage, and network infrastructure are driving this growth.

Customer preferences:
As the Eastern Asia region continues to experience rapid economic growth and technological advancements, the Data Center Market is also evolving to meet changing consumer preferences. One notable trend is the increasing demand for cloud-based services and solutions, driven by the need for remote access and data management. This shift towards cloud-based solutions is also influenced by the cultural emphasis on efficiency and convenience, as well as the growing number of tech-savvy consumers in the region. Additionally, the rise of e-commerce and online services has further fueled the demand for data centers in Eastern Asia, as businesses seek to expand their online presence and cater to the growing number of digital consumers.

Trends in the market:
In Eastern Asia, the Data Center Market is experiencing a surge in demand for cloud computing services, driven by the rapid adoption of digital transformation initiatives by businesses. This trend is expected to continue, with a focus on data analytics and artificial intelligence. The significance of this trend lies in its ability to improve business efficiency and competitiveness. However, it also poses challenges for traditional data center providers, who may need to adapt their services to meet the evolving needs of their clients. This trend is likely to lead to increased competition and consolidation within the industry, as well as the emergence of new players offering innovative solutions.

Local special circumstances:
In Eastern Asia, the Data Center Market is heavily influenced by the region's rapid economic growth and increasing digitalization. China, Japan, and South Korea dominate the market, driven by their large populations and advanced technology infrastructures. In China, government policies and regulations play a significant role in shaping the market, while Japan's culture of efficiency and innovation drives the adoption of data center solutions. South Korea's strong focus on technology and high-speed connectivity also contributes to the growth of the market. Additionally, the unique geographical and climatic conditions in this region, such as typhoons and earthquakes, have led to the development of specialized data center designs and disaster recovery solutions.

Underlying macroeconomic factors:
The Data Center Market in Eastern Asia is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investment in digital infrastructure. Countries with strong government support and significant investment in digital technologies are experiencing rapid growth in the market. On the other hand, regions with limited government support and weaker technological infrastructure are facing challenges in the market. Furthermore, the increasing demand for data storage and processing capabilities due to the growing digitalization of businesses and industries is also a major driver of market growth in this region.

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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