A new report by Tariff Consultancy Ltd service Datacentrepricing states that cloud and data centres in the Asia-Pacific region are among the fastest-growing in the world.
“The Cloud and Data Centres Markets in the Asia-Pacific” report assesses the market landscape of cloud and data centres across eleven countries including Australia, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Singapore, Taiwan, Thailand, and Vietnam, according to Developing Telecoms.
The average population per head in the Asia Pacific Region is 522 per m2 of data centre space, according to the Datacenterpricing press release published on September 10, 2020.
China is considered the second-largest data centre in the world and the first in Asia-Pacific with 43% data center space, according to the report. As for Australia and Hong Kong, the countries have secured second place with 11% data centre space in the region. Singapore secured fourth place with a 10% data centre space. The report didn’t exclude other countries in the Asia-Pacific region and expects smaller data center growth especially in South Korea, Taiwan, Thailand, and Vietnam. On the other hand, a new research led by Cushman & Wakefield shows that Hong Kong is considered the fourth most attractive data center location in APAC.
The Asia-Pacific data center market is expected to grow at a CAGR of over 3% during the period 2019-2025, according to GlobeNewswire. On the other hand, the introduction of Artificial Intelligence is expected to contribute over 40% in the infrastructure investment in the region by 2025, states the same source.
The deployment of the high-speed 5G network – including China – is expected to boost the data centre market. “The growing importance of Internet of Things (IoT) applications, the impending 5G network, and fast adoption rates of cloud computing as well as the post-COVID-19 ‘new’ normal are the four major factors driving the surge in demand for cloud storage”, said Eric Chong, Cushman & Wakefield’s Associate Director of Research, Hong Kong, according to Taiwan News.
Moreover, John Siu, Cushman & Wakefield’s Managing Director, Hong Kong, said that the government should consider allocating more land lots for data center use, according to the same source.