The Data Center Market in Southeast Asia report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the data center market in Southeast Asia between 2023 and 2028 is USD 3.69 billion.
The rise in adoption of multi-cloud and network upgrades to fuel market growth. Two or more cloud computing services are used in multi-cloud to individually deploy specific application services. Enterprises use this technology to prevent data loss or downtime due to a localized component failure, ensure security compliances, and meet workload requirements. Furthermore, given the implementation of 5G technologies and the consequent increase in speed, the rate at which data is generated, transmitted, and consumed will grow.
- Market Challenge - The increasing power consumption by data centers challenges the data center market in Southeast Asia. Factors such as the rise in internet penetration, the growing use of social networking sites, the implementation of automation technologies, smart city initiatives, and the implementation of AI across industries increase data traffic exponentially. This drives the investments into this technology. Furthermore, servers and cooling solutions account for a major share of electricity consumption in a data center.
The data center market in Southeast Asia is segmented based on End-user (BFSI, Energy, IT, and Others) and Component (IT infrastructure, Electrical Construction, Mechanical construction, General construction, and Security solutions).