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Asia Pacific Micro Data Center Market is expected to reach US$ 2,851.20 million by 2030

Asia Pacific Micro Data Center Market is growing at a CAGR of 15.4% to reach US$ 2,851.20 million by 2030 from US$ 1,018.57 million in 2023 by Rack Type, Organization Size, and End User.

By The Insight Partners

Increasing Proliferation of Cloud-Based Services Drives Asia Pacific Micro Data Center Market Growth

According to a new market study on "Asia Pacific Micro Data Center Market Forecast to 2030 – COVID-19 Impact and Regional Analysis – by Rack Type, Organization Size, and End User," the Asia Pacific micro data center market size is expected to grow from US$ 1,018.57 million in 2023 to US$ 2,851.20 million by 2030; it is estimated to register a CAGR of 15.4% from 2022 to 2030. The report provides trends prevailing in the market and drivers and restraints impacting the market growth.

Asia Pacific Micro Data Center Market Revenue and Forecast to 2030 (US$ Million)

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00029997

Cloud computing provides a cost-effective way to handle the data, enabling organizations to store and process it in a centralized location without investing in expensive hardware and infrastructure. The growth of cloud computing services has increased the demand for micro data center services. As various organizations are shifting their IT infrastructure to the cloud, they often require facilities to leverage additional space, power, and cooling for servers, storage, and networking equipment, contributing to the adoption of data services. The incorporation of cloud technologies with interconnected devices and systems has increased their usage, resulting in a growing need for high-speed, low-latency network connectivity. The data center providers offer a secure hardware environment to store and access data, which is essential to support IoT and cloud-based applications. It also helps save overall costs over establishing their own data center. Additionally, with the growing adoption of cloud-based technologies, key players operating in the micro data center market in APAC are establishing new units for business deliveries to enhance customer’s accessibility to the cloud and digital infrastructure. For instance, in September 2021, Vantage Data Centres opened its new facility in APAC due to two acquisitions and an equity raise of US$ 1.5 billion led by stakeholder DigitalBridge Investment Management. The expansion offered cloud-based services across Tokyo and Osaka (Japan), Hong Kong (China), Kuala Lumpur (Malaysia), and Melbourne (Australia). The launch of new data centers in the country is attracting customers to leverage the services of advanced technologies such as cloud-based services. Thus, the rising proliferation of cloud-based services is driving the Asia Pacific micro data center market growth.

Asia Pacific (APAC) is a diverse region with a large population and growing digital economy, contributing to the surge in demand for localized data processing and storage solutions. APAC has been at the forefront of edge computing adoption due to the proliferation of IoT devices, smart cities initiatives, and the need for real-time data processing. APAC has witnessed a significant increase in internet penetration rates, leading to a surge in data consumption and the need for localized data processing. According to GSM Association, the IT industry has been instrumental in extending connectivity across the world. In 2021, the number of internet subscribers reached 4.2 billion globally. In APAC, there were 59% of internet subscribers in 2021, projected to reach up to 62% by 2025. The rise of edge computing is directly linked to increasing internet usage. Micro data centers play a crucial role in supporting edge computing infrastructure by bringing compute resources closer to the source of data, reducing latency, and improving performance. These data centers are crucial in supporting edge computing by deploying small-scale data centers in geographically distributed locations, including cities, to ensure rapid data processing and reduce reliance on centralized data centers. Micro data centers help address the growing demand for low-latency applications and services, such as video streaming, e-commerce, and mobile gaming. Thus, ongoing digital transformation, edge computing adoption, and the need for data sovereignty drive the Asia Pacific micro data center market growth.

Eaton; Hewlett Packard Enterprise Development LP; Hitachi, Ltd.; Rittal GmbH and Co. KG; Legrand SA; Zella DC; HIRO micro data centers; Schneider Electric; Delta Power Solutions; and Vertiv Group Corp are among the key Asia Pacific micro data center market players profiled in the research study. The mentioned market players adopt organic growth strategies such as product launches and expansions to sustain their position in the market in this region.

The Asia Pacific micro data center market is segmented on the basis of rack type, organization size, and end user. Based on rack type, the Asia Pacific micro data center market is bifurcated into single rack and multi rack. By organization size, the Asia Pacific micro data center market is bifurcated into SMEs and large enterprises. Based on end users, the Asia Pacific micro data center market is segmented into BFSI, retail, IT & telecom, manufacturing, healthcare, and others. Based on country, the Asia Pacific micro data center market is segmented into Australia, Indonesia, New Zealand, Singapore, Thailand, Vietnam, the Philippines, Bangladesh, Sri Lanka, and the Rest of Asia Pacific.

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