The increasingly massive application of technology drives the growing demand for processing and data storage capacity. Because of this, small to large scale data centre and cloud constructions are mushrooming everywhere around the world.
Based on data released by Frost & Sullivan, a market research firm based in New York, recently, investment in the global data centre market in 2025 is estimated to reach US $ 432.14 billion. This means that it grows almost double from the realization in 2019 of US $ 244.74 billion.
The adoption of Internet of Things (IoT) technology, 5G, big data, artificial intelligence (AI), video games and streaming, autonomous cars, virtual and augmented reality, and adoption of a hybrid model between the cloud and traditional data centres, have raised the value of the investment made. by the data centre provider.
“The move to data storage from corporate servers to the cloud and colocation data centres will gain momentum as companies can reduce capital and operating costs by avoiding investment in infrastructure and space,” said Manoj Shankar, research analyst, energy and environmental practices at Frost & Sullivan.
The fast-growing Asia Pacific region is believed to be the largest data centre market in the world by 2025, followed by North America, Europe, the Middle East and Africa. It is undeniable that the pandemic that has swept the world since the beginning of 2020 has accelerated the digital transformation process—which in turn also boosted the need for data centres.