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Singapore Data Center Colocation Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

Singapore Data Center Colocation Market – (By Component - Colocation Datacenters and Datacenter Colocation Services; By Datacenter Type - Tier 1, Tier 2, and Tier 3 & 4; By Enterprise Size - Small & Medium Enterprises and Large Enterprises; By Industry – BFSI, Retail, E-commerce, IT & Telecom, Entertainment & Media, and Others) - Industry Dynamics, Market Size and Opportunity Forecast, 2027

  • Published On: 28-Apr-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0422217
    Delivery: 2 to 4 Hours

FREQUENTLY ASKED QUESTIONS

Companies around the world prefer to keep their data center in Singapore due to its proximity to both South Asian and South-East Asian regions. Data center, cloud or server located in Singapore can quickly serve to the users in those regions with lower latency.

Small companies with limited IT resources choose this option over building their own data center because it’s a cheaper option.

The Singapore Data Center Colocation Market was valued at US$ 1,543.9 Mn in 2021.

The Singapore Data Center Colocation Market is estimated to expand at a CAGR of 15.1% over the forecast period.

The market is majorly driven by factors such as implementation of green datacenter standard and development of a datacenter park in Singapore.

The discrepancies regarding data retrieval, security, and storage management poses a challenge for market growth.

Data colocation centers provide various benefits such as lower cost, fewer technical staff, scalability, and reliability, among others.

The various segmentations considered to analyze the Singapore Data Center Colocation Market are based on component, datacenter type, enterprise size, and end user industries. 

The tier 1 datacenter type dominates the market in 2021.

IT & telecom industry is the highest end-use industry in the Singapore Data Center Colocation Market.

The key players in the Singapore Data Center Colocation Market are Equinix, Singtel, Rackspace Technology, and Keppel among others.