IDC Predicts Asia Pacific Data Center Power Capacity to Reach 944 Gigawatts
Regional data center market to grow significantly, driven by digitalization and cloud adoption.
IDC's latest report provides insights into the region's data center market growth and investment opportunities.
SINGAPORE, August 5, 2024 - According to a recent IDC report, Asia Pacific's (excluding Japan) installed data center IT power capacity is forecasted to grow at a five-year compound annual growth rate (CAGR) of 14.2%, reaching 944 gigawatts (GW) by 2028.
The report, titled "Asia Pacific Data Centre Investment Strategies in the Age of Digitalization," found that the region's data center market is driven by the increasing adoption of digital technologies and cloud services. The growth is also attributed to the rise of emerging technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT).
"The Asia Pacific data center market is experiencing significant growth, and this trend is expected to continue in the coming years," said Daniel Choo, Research Director, IDC Asia Pacific. "The region's growing population, coupled with the increasing demand for digital services, is fueling the need for more data center capacity."
The report also highlights the importance of investment in data center infrastructure. "Investors are recognizing the potential of the Asia Pacific data center market, and we are seeing increased interest in data center investments," said Choo. "Data centers are essential for the digital economy, and they provide a critical foundation for businesses to operate and grow."
The IDC report provides insights into the key trends and opportunities in the Asia Pacific data center market. It also offers recommendations for investors looking to capitalize on the growth potential of this dynamic market.
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