The Asia Pacific Data Center Services Market is expected to witness market growth of 16.5% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Data Center Services Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $28.83 billion by 2031. The Japan market is registering a CAGR of 15.8% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 17.2% during 2024-2031.
In addition, data centers are crucial for backup and disaster recovery (DR) services. Businesses need to ensure data integrity and continuity of operations in the event of system failures, natural disasters, or cyberattacks. Data centers provide a secure, redundant environment to store backup data, enabling businesses to recover quickly in a disaster.
The adoption of these services has rapidly increased due to the growing demand for digital transformation and the expansion of data-driven industries. As businesses increasingly move to the cloud for its flexibility, scalability, and cost-effectiveness, the need for data centers to support cloud infrastructure has surged.
In India, the surge in bank account ownership - from 53% to 78% - has been a game-changer for the fintech industry. The presence of over 1.6 lakh bank branches and 2.17 lakh ATMs, with nearly half in rural and semi-urban areas, demonstrates the rapid digitization and financial inclusion initiatives reshaping the economy. As fintech startups in India continue to thrive, raising $5.65 billion in 2022, the need for data center services to support financial transactions, cloud services, and data storage will grow exponentially. Similarly, in China, the impressive growth of the EdTech sector, with revenues rising from $46.4 billion in 2017 to $61.1 billion in 2020 and projected to reach $75 billion in 2022, indicates a booming demand for online learning platforms, digital classrooms, and educational content. Expanding the EdTech industry will require powerful data centers supporting cloud-based learning environments, data storage, and content delivery networks. Thus, the intersection of fintech and EdTech with this market is clear in India and China. As these industries expand and their technological needs grow.
The China market dominated the Asia Pacific Data Center Services Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $28.83 billion by 2031. The Japan market is registering a CAGR of 15.8% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 17.2% during 2024-2031.
In addition, data centers are crucial for backup and disaster recovery (DR) services. Businesses need to ensure data integrity and continuity of operations in the event of system failures, natural disasters, or cyberattacks. Data centers provide a secure, redundant environment to store backup data, enabling businesses to recover quickly in a disaster.
The adoption of these services has rapidly increased due to the growing demand for digital transformation and the expansion of data-driven industries. As businesses increasingly move to the cloud for its flexibility, scalability, and cost-effectiveness, the need for data centers to support cloud infrastructure has surged.
In India, the surge in bank account ownership - from 53% to 78% - has been a game-changer for the fintech industry. The presence of over 1.6 lakh bank branches and 2.17 lakh ATMs, with nearly half in rural and semi-urban areas, demonstrates the rapid digitization and financial inclusion initiatives reshaping the economy. As fintech startups in India continue to thrive, raising $5.65 billion in 2022, the need for data center services to support financial transactions, cloud services, and data storage will grow exponentially. Similarly, in China, the impressive growth of the EdTech sector, with revenues rising from $46.4 billion in 2017 to $61.1 billion in 2020 and projected to reach $75 billion in 2022, indicates a booming demand for online learning platforms, digital classrooms, and educational content. Expanding the EdTech industry will require powerful data centers supporting cloud-based learning environments, data storage, and content delivery networks. Thus, the intersection of fintech and EdTech with this market is clear in India and China. As these industries expand and their technological needs grow.
List of Key Companies Profiled
- ABB Ltd.
- Cisco Systems, Inc.
- Dell Technologies, Inc.
- DXC Technology Company
- Equinix, Inc.
- Eaton Corporation plc
- IBM Corporation
- Schneider Electric SE
- Siemens AG
- Microsoft Corporation
Market Report Segmentation
By End User
- Cloud Providers
- Colocation Providers
- Enterprises
By Service
- Installation & integration services
- Maintenance and support
- Training services
- Consulting & Others
By Data Center Type
- Small data centers
- Large data centers
- Medium data centers
By Vertical
- BFSI
- Telecom & ITES
- Government & Defense
- Healthcare & Education
- Retail
- Manufacturing
- Other Vertical
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Asia Pacific Data Center Services Market by End User
Chapter 6. Asia Pacific Data Center Services Market by Service
Chapter 7. Asia Pacific Data Center Services Market by Data Center Type
Chapter 8. Asia Pacific Data Center Services Market by Vertical
Chapter 9. Asia Pacific Data Center Services Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- ABB Ltd.
- Cisco Systems, Inc.
- Dell Technologies, Inc.
- DXC Technology Company
- Equinix, Inc.
- Eaton Corporation plc
- IBM Corporation
- Schneider Electric SE
- Siemens AG
- Microsoft Corporation
Methodology
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