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South-east Asian data centres poised for fast growth

Singapore is the only mature data centre market in South-east Asia.
Singapore is the only mature data centre market in South-east Asia.PHOTO: ST FILE

South-east Asia will be the fastest-growing region for co-location data centres in the next five years, with its market size expanding at a compound annual growth rate (CAGR) of 13 per cent between this year and 2024.

The uptrend is underpinned by the rapid pace of digitalisation and surge in demand for cloud-based services across the region, which prompted giant companies such as Google, Alibaba Group and Amazon Web Services to expand their cloud infrastructure footprint to facilitate the expansion.

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A version of this article appeared in the print edition of The Sunday Times on September 22, 2019, with the headline 'S-E Asian data centres poised for fast growth'. Subscribe