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DUBLIN--(BUSINESS WIRE)--Dec 5, 2022--
The "Singapore Data Center Market - Investment Analysis & Growth Opportunities 2022-2027" report has been added to ResearchAndMarkets.com's offering.
This report analyses the Singapore data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments.
The Singapore data center market currently includes about 23 unique third-party data center service providers, operating more than 40 facilities. The country also has several on-premises or dedicated data centers owned by local enterprises.
Singapore is one of the world's most steady and growing economies. In 2021, the country witnessed its economy at a staggering growth of over 7%. The country has also observed an increase in investments in internet technology, connectivity, and strengthening of the regulatory framework, attracting many investors.
Due to the Impact of COVID-19, Singapore witnessed an increase in the demand for data center services, digitalization, and adoption of cloud services by the government and private sectors.
In January 2022, the Singapore government withdrew the moratorium imposed on data centers. The moratorium was initially imposed on 2019 due to the high energy consumption by the data centers.
The Data Center and Cloud Region in Singapore has witnessed an increase in investment from major providers. One of the key factors relating to this is the strategic location and excellent connectivity.
DATA CENTER MARKET IN SINGAPORE VENDOR LANDSCAPE
In 2021, Singapore received several investments from global and local data center operators such as Keppel Data Centres, Equinix, ST Telemedia Global Data Centres, Facebook (Meta), Microsoft, and BDS, among others.
The rise in demand across industries has led data center suppliers to sign M&A contracts or acquire companies to expand their portfolios. In August 2021, Keppel Corporation announced to acquire the non-media assets of Singapore Press Holdings (SPH), which included data center assets and a joint-owned telco.
In Singapore, the data center companies are collaborating with Construction Contractors to improve efficiency and requirements in the data center. The data center operator Global Switch partnered with PM Group for the construction of the second data center (Woodlands Data Center) in Singapore.
KEY HIGHLIGHTS OF THE MARKET
Singapore is one of the top data center markets in the APAC. Lifting of the data center moratorium, digitalization, investment in 5G technology, rise in the use of social media, and increased adoption of renewable resources like solar are some of the major factors driving the Singapore data center market.
Singapore has around 40 operational colocation data centers. The major colocation operators are Keppel Data Centres, Equinix, and ST Telemedia Global Data Centres. Most colocation data centers are being developed according to Tier III standards.
Singapore's government provides free Trade Zones or economic areas that provide firms with beneficial customs and tax incentives. Some of the Free Trades Zones present in Singapore include Tanjong Pagar Terminal and Keppel Terminal, Sembawang Wharves, and more.
An increase in the adoption of renewable energy is witnessed in Singapore According to Energy Market Authority (EMA), Singapore's total solar capacity stood at around 440 MW in Q1 2021. The Singapore Government aims to achieve a target of 2 GW by 2030.
Singapore is also witnessing growth in connectivity with submarine cables, connecting major locations worldwide. Singapore observed a rapid rise in connectivity and submarine cables. with 12 new submarine cables that are under construction
EXISTING VS. UPCOMING DATA CENTERS
WHY SHOULD YOU BUY THIS RESEARCH?
Snapshot of existing and upcoming third-party data center facilities in Singapore.
Data center colocation market in Singapore.
The segmentation includes:
VENDOR LANDSCAPE
IT Infrastructure Providers
Data Center Construction Contractors & Sub-Contractors
Support Infrastructure Providers
Data Center Investors
For more information about this report visit https://www.researchandmarkets.com/r/btay63
View source version on businesswire.com:https://www.businesswire.com/news/home/20221205005587/en/
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KEYWORD: ASIA PACIFIC SINGAPORE
INDUSTRY KEYWORD: NETWORKS ARCHITECTURE INTERNET HARDWARE DATA MANAGEMENT OTHER CONSTRUCTION & PROPERTY TECHNOLOGY CONSTRUCTION & PROPERTY OTHER COMMUNICATIONS BUILDING SYSTEMS COMMUNICATIONS TELECOMMUNICATIONS
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 12/05/2022 11:17 AM/DISC: 12/05/2022 11:17 AM
http://www.businesswire.com/news/home/20221205005587/en