SINGAPORE has emerged as the third most robust data centre market worldwide in a global ranking of 38 countries, and the only mature data centre market in South-east Asia, according to a report released by property consultancy Cushman & Wakefield on Monday.
Singapore's rise in the global index comes on the back of its improved high-speed connectivity, political stability, and low risk of natural disasters relative to other countries, the report said."Being sheltered from natural disasters and robust infrastructure, many content operators continue to take advantage of Singapore’s prime geographical location to service their regional clients in Malaysia, Indonesia and Thailand.
Spurred by the rapid pace of digitisation and a surge in demand for cloud-based services, Cushman & Wakefield projects that the South-east Asia region including Singapore, Indonesia and Malaysia, will be the fastest-growing region for co-location data centres over the next five years, with its market size expanding by a compounded annual growth rate of 13 per cent between 2019 and 2024.
The second-fastest growing region is the Asia-Pacific, which is expected to grow steadily at around 12 per cent CAGR over the same period, the report noted.