Asia’s digital revolution driven by ‘key emerging nations’
- February 1, 2024: Vol. 17, Number 2

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Asia’s digital revolution driven by ‘key emerging nations’

by Jennifer Molloy

The era of big data has only increased investor interest in the growing data center sector globally. The Asia Pacific’s data center market in particular is expected to reach $53.58 billion in 2028, expanding at a compound annual growth rate (CAGR) of 12 percent from 2023 to 2028, according to Dublin-based Research and Markets.

“This is expected to be supported by trends such as greater reliance on technology by businesses, enterprise adoption of cloud computing and digitalization,” says Christina Tan, CEO of fund management and CIO of Keppel Ltd.

Opportunities in key emerging Asian nations

India: The International Data Corp. estimates India’s public cloud market will grow at a CAGR of 23.4 percent between 2022 and 2027 to reach $17.8 billion. To serve such growing demand, JLL projects the need for the addition of 678 megawatts of data center capacity between 2023 and 2025, requiring total investment of $4.8 billion in bo

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