Asia-Pacific Data Center Storage Market Size (2024 - 2029)

Asia-Pacific Data Center Storage Market Analysis

The Asia-Pacific Data Center Storage Market size is estimated at USD 15.80 billion in 2024, and is expected to reach USD 22.80 billion by 2029, growing at a CAGR of 7.80% during the forecast period (2024-2029).

Asia’s digital landscape has grown in recent years, encompassing a broad range of innovations, from manufacturing automation to e-commerce platforms, all the way to digital payments. The region accounted for 60% of patents in digital and computer technologies right before the COVID-19 pandemic, up from 40% two decades earlier. Southeast Asia’s digital economy has plenty of growth potential, backed by strong fundamentals including over 460 million digital consumers, young and tech-savvy populations, as well as rising internet penetration. Overall, the increasing digitization is leading to major data center construction, driving the demand for storage.

• The upcoming IT load capacity of the Asia-Pacific data center market is expected to reach 23k MW by 2029.
• The region's construction of raised floor area is expected to increase to 74.5 million sq. ft by 2029.
• The region's total number of racks to be installed is expected to reach 4.2 million units by 2029. India is expected to house the maximum number of racks by 2029.
• There are close to 160 submarine cable systems connecting the Asia-Pacific, and many are under construction. One such submarine cable that is estimated to start service in 2024 is Southeast Asia-Japan Cable 2 (SJC2), which stretches over 10,500 kilometers with landing points in China, Taiwan, Japan, South Korea, Thailand, and Vietnam.

Asia-Pacific Data Center Storage Industry Segmentation

Data center storage encompasses devices, hardware, networking equipment, and software technologies facilitating the storage of data and applications within data center facilities, which are used for storing, managing, retrieving, distributing, and backing up digital information within such facilities.

The Asia-Pacific data center storage market is segmented by storage technology (network attached storage (NAS), storage area network (SAN), and direct attached storage (DAS)), storage type (traditional storage, all-flash storage, and hybrid storage), end user (IT & telecommunication, BFSI, government, media & entertainment, and other end users), and Country. The market sizes and forecasts are provided in terms of value (USD) for all the above segments.