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Key regions: United States, Germany, India, Japan, China
The Data Center market in Southern Asia is experiencing significant growth and development driven by various factors.
Customer preferences: Customers in Southern Asia are increasingly demanding data centers that offer high levels of security, reliability, and scalability. They are also placing a strong emphasis on energy efficiency and sustainability practices in data center operations. Additionally, there is a growing preference for data centers that can support cloud computing services and emerging technologies like artificial intelligence and Internet of Things.
Trends in the market: In India, the Data Center market is witnessing a surge in investments due to the government's push for digitalization and data localization policies. This has led to a rise in the construction of hyperscale data centers by both domestic and international players. In contrast, countries like Sri Lanka and Bangladesh are seeing a gradual increase in colocation data center services as businesses look to outsource their IT infrastructure to third-party providers.
Local special circumstances: Countries like Singapore and Malaysia in Southern Asia have established themselves as regional data center hubs due to their strategic geographical locations, advanced telecommunications infrastructure, and business-friendly policies. These countries attract multinational corporations looking to expand their presence in the region and leverage the connectivity advantages offered by these data center markets.
Underlying macroeconomic factors: The economic growth and increasing digitalization across Southern Asia are driving the demand for data center services. As businesses across various industries adopt digital transformation strategies, the need for robust and secure data storage solutions continues to grow. Additionally, the rise of e-commerce, fintech, and other online services is fueling the expansion of the Data Center market in the region.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)