Globally, the data center market has experienced significant growth in recent years driven by the digital economy, encompassing the Internet of Things (IoT), a transition to cloud computing, and advancements in artificial intelligence (AI) and machine learning (ML). The global data center market is projected to grow at a compound annual growth rate (CAGR) of 6.56% from 2024 to 2028, culminating in a market value of $438.7bn (USD) by 2028
Singapore Data Center Market
The Singaporean data center market was estimated to be valued at $3.39bn (USD) in 2023 and is projected to grow at a CAGR of 8.35% to reach a value of $5.48bn (USD) by 2028. Singapore’s data center market is witnessing enormous investment, such as Google’s expansion of its data center and cloud infrastructure, and Princeton Digital Group (PDG) acquiring Yahoo’s data center, SG3 to name a couple of examples. The Singaporean Government has announced plans to increase power availability for the data center market. With continuous adoption and technology advancements in artificial intelligence, the need for more data centers is greater than ever before. Complete the form below to receive your complimentary copy.
