Singapore Data Center Market Introduction and Overview
According to SPER Market Research, the Singapore Data Center Market is estimated to reach USD 13.18 billion by 2033 with a CAGR of 14.21%.
The report includes an in-depth analysis of the Singapore Data Center Market, including market size and trends, product mix, applications, and supplier analysis. A vital sector of the technology sector, the data center market is dedicated to providing and overseeing the physical infrastructure mainly servers, storage, and network equipment necessary for hosting and running IT systems. This market covers services like hosting, shared data center facilities, and managed data center solutions, and it ranges from conventional in-house data centers to advanced facilities provided by specialist suppliers. Offering adaptable, scalable solutions for their IT infrastructure requirements, it caters to a wide range of customers, from small businesses to major corporations. The effective operation and security of IT activities in several enterprises depend heavily on this industry.
- November 2023; For about $275 million, Digital Realty said that it was selling its stake in four data centers that Cyxtera had leased. Cyxtera's leases in three colocation data centers in Frankfurt and Singapore are being bought out by Digital Realty for $55 million as part of the agreement.
- December 2020; SGP1 was the first data center opened by Air Trunk in Singapore. The 60+ megawatt facility, built for hyperscale clients, is the biggest independent data center in Singapore.
Market Opportunities and Challenges
Opportunities- The growing focus on sustainability and the implementation of green data center methods are two of the most important trends in the Singapore data center market. The government and industry participants are concentrating on lowering the carbon footprint of data center operations as environmental concerns gain traction. In fact, the majority of data center operators in Singapore are actively implementing sustainable practices and energy-efficient technologies, according to a recent survey by the Infocomm Media Development Authority (IMDA). Data center operators who are dedicated to attaining notable decreases in their Power Usage Effectiveness (PUE) have significantly increased their participation in the Green Data Center Program, which is run by the Economic Development Board (EDB) and IMDA.
Challenges- The high cost of real estate and the scarcity of land are two of the main issues facing the Singapore data center sector. Finding appropriate sites for new facilities is challenging for data center operators in Singapore due to its small geographic area and congested urban setting. The lack of available land raises property values, which raises the capital cost of building new data centers as the demand for them keeps growing. In fact, there was fierce competition in a recent government land sale for the construction of data centers, and the winning offer far beyond earlier projections. The fierce rivalry for desirable real estate sites also makes data center owners' financial burdens even worse. Both new players and established ones find it difficult because of these characteristics.
Market Competitive Landscape
The Singapore Data Center Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Equinix, Digital Realty, Global Switch, Keppel Data Centres, NTT Communications, ST Telemedia Global Data Centres, Singapore Telecommunications (Singtel), and 1-Net Singapore Others.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Component, By Size |
| Regions covered | Eastern Region, Western Region, Northern Region, Southern Region |
| Companies Covered | Equinix, Digital Realty, Global Switch, Keppel Data Centres, NTT Communications, ST Telemedia Global Data Centres, Singapore Telecommunications (Singtel), and 1-Net Singapore |
COVID-19 Impact on Singapore Data Center Market
The COVID-19 epidemic considerably sped up the Singapore data center market's expansion. The rise in digital services and remote work has led to a sharp rise in demand for cloud computing and data storage. As a result, more money was spent on data center infrastructure, with an emphasis on improving scalability and interconnection. But the epidemic also brought about problems, such hiccups in the supply chain and higher operating expenses. Project timelines were impacted as businesses had to adjust to new health and safety rules. All things considered, the pandemic brought to light the vital need of having a strong data infrastructure, establishing Singapore as a major regional hub for data center services.
Key Target Audience:
- Cloud Service Providers
- Enterprises
- Financial Institutions
- E-commerce Companies
- Government Agencies
- Managed Service Providers
- Content Delivery Networks (CDNs)
- Telecommunications Companies
Our in-depth analysis of the Singapore Data Center Market includes the following segments:
| By Type: | EnterpriseEdge ColocationHyperscaleManagedModular Others |
| By Component: | SolutionsServersStorageNetworkingSoftware |
| By Size: | Small and Medium-Sized Data CentersLarge Data Centers |
Key Topics Covered in the Report:
- Singapore Data Center Market Size (FY’2024-FY’2033)
- Overview of Singapore Data Center Market
- Segmentation of Singapore Data Center Market By Type (Enterprise, Colocation, Edge, Hyperscale, Modular, Managed and Others)
- Segmentation of Singapore Data Center Market By Component (Solutions, Servers, Storage, Networking, Software)
- Segmentation of Singapore Data Center Market By Size (Small and Medium-Sized Data Centers, Large Data Centers)
- Statistical Snap of Singapore Data Center Market
- Expansion Analysis of Singapore Data Center Market
- Problems and Obstacles in Singapore Data Center Market
- Competitive Landscape in the Singapore Data Center Market
- Impact of COVID-19 and Demonetization on Singapore Data Center Market
- Details on Current Investment in Singapore Data Center Market
- Competitive Analysis of Singapore Data Center Market
- Prominent Players in the Singapore Data Center Market
- SWOT Analysis of Singapore Data Center Market
- Singapore Data Center Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Singapore Data Center Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Singapore Data Center Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Singapore Data Center Market
7. Singapore Data Center Market, By Type (USD Million) 2020-2033
7.1. Singapore Data Center Market Size, Share and Forecast, By Type, 2020-2026
7.2. Singapore Data Center Market Size, Share and Forecast, By Type, 2027-2033
7.3. Enterprise
7.4. Edge
7.5. Colocation
7.6. Hyperscale
7.7. Managed
7.8. Modular
7.9. Others
8. Singapore Data Center Market, By Component (USD Million) 2020-2033
8.1. Singapore Data Center Market Size, Share and Forecast, By Component, 2020-2026
8.2. Singapore Data Center Market Size, Share and Forecast, By Component, 2027-2033
8.3. Solutions
8.4. Servers
8.5. Storage
8.6. Networking
8.7. Software
9. Singapore Data Center Market, By Size (USD Million) 2020-2033
9.1. Singapore Data Center Market Size, Share and Forecast, By Size, 2020-2026
9.2. Singapore Data Center Market Size, Share and Forecast, By Size, 2027-2033
9.3. Small and Medium-Sized Data Centers
9.4. Large Data Centers
10. Singapore Data Center Market Forecast, 2020-2033 (USD Million)
10.1. Singapore Data Center Market Size and Market Share
11. Singapore Data Center Market, By Region, 2020-2033 (USD Million)
11.1. Singapore Data Center Market Size and Market Share By Region (2020-2026)
11.2. Singapore Data Center Market Size and Market Share By Region (2027-2033)
11.3. Singapore
11.3.1. Eastern Region
11.3.2. Southern Region
11.3.3. Northern Region
11.3.4. Western Region
12. Company Profile
12.1. Equinix
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Global Switch
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Keppel Data Centres
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. NTT Communications
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. ST Telemedia Global Data Centres
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Singapore Telecommunications (Singtel)
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Digital Realty
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. 1-Net Singapore
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
