Jiangsu Data Center Market Size (2024 - 2029)

Jiangsu Data Center Market Analysis

The Jiangsu Data Center Market is expected to register a CAGR of 9.05% during the forecast period.

The pandemic led to the rapid acceptance of digitalization in the city. Since every industry suddenly became dependent on smart devices and the internet, the data center market grew during the pandemic.

• Jiangsu currently has a population of around 80 million people. As users have started adopting streaming and financial services, data consumption in the region has increased.
• The presence of finance and technology companies in Jiangsu and a growing number of people preferring cashless payments have increased data consumption, encouraging the growth of data centers to cater to the needs of these companies.
• The most preferred data center type in Jiangsu is mega, as companies are more intrigued to set up huge data centers at places with lower costs and electricity prices. The capacity of mega data centers is expected to increase from 192 MW in 2022 to 308.2 MW by 2029, registering a CAGR of 5.6%. However, the growth of other data center types, such as large, medium, and small, is expected to stagnate.

Jiangsu Data Center Industry Segmentation

A data center is a physical room, building, or facility that holds IT infrastructure used to construct, run, and provide applications and services and store and manage the data connected with those applications and services.

Jiangsu data center market is segmented by dc size (small, medium, large, massive, mega), tier type (tier 1&2, tier 3, tier 4), absorption (utilized (colocation type (retail, wholesale, hyperscale), end user (cloud & IT, telecom, media & entertainment, government, BFSI, manufacturing, e-commerce)), and non-utilized). The market sizes and forecasts are provided in terms of value (MW) for all the above segments.