Market Trends of singapore data center Industry
Growing application of connected devices and smart homes to boost the market demand
- The country has a smaller population compared to other Southeast Asian countries, owing to which the number of smartphone users is comparatively lesser than the rest.
- The country is expected to grow significantly and reach 6.21 million users by 2029, from 5.4 million users in 2022.
- According to Hootsuite, the country has a 100% urbanized population with 8.7 million cellular mobile connections, accounting for 147% of the population. This data suggests that each citizen in the country owns more than one cellular device. The growing application of connected devices and smart homes also boosted the demand for digital data and increased network traffic. Such factors are anticipated to increase the number of smartphone users in the country.
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Singtel's expanding 5G network in partnership with Ericsson boost the data center demand
- Singapore was one of the early adopters of the 5G network in 2020, while the presence of 2G was decommissioned as early as 2016. As of 2022, 4G dominated the market with 49.7 Mbps, while its speed is expected to reach 54.75 Mbps by 2029.
- The country's 5G network is booming and is expected to reach 946.04 Mbps by 2029. 5G networks and services are expected to form the backbone of growth in the telecom sector over the coming years as service providers seek new ways to engage customers in a market that is otherwise already saturated.
- Singtel is ramping up its 5G standalone (SA) deployment in Singapore by expanding the network and developing new 5G use cases in partnership with Ericsson. In a press release, the Swedish vendor stated its plans to power Singtel’s 5G SA network with 5G radio access products and cloud-native dual-mode 5G Core network solutions. In September 2021, Singtel confirmed that its 5G network covers over two-thirds of Singapore. New 5G sites were added in densely populated areas like Choa Chu Kang, Punggol, Sembawang, and Tampines.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- 13.3 GB per month and growing would drive the data centers market
- Growing demand for the bandwidth, FTTH penetration, and Government initivatives to develop fiber Deployment drives the growth of the market
- Transition to Fiber and roll out of fiber optic cables nationwide trends boost the market demand
