Singapore Data Center Networking Market Size (2024 - 2029)

Singapore Data Center Networking Market Analysis

The Singapore Data Center Networking Market size is estimated at USD 0.13 billion in 2024, and is expected to reach USD 0.15 billion by 2029, growing at a CAGR of 2.20% during the forecast period (2024-2029).

• The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country.
• Under Construction IT Load Capacity: The IT load capacity of the data center market will grow steadily and is expected to reach 1000 MW by 2029.
• Under Construction Raised Floor Space: The total raised floor space in the country is expected to reach 3.3 million sq. ft by 2029.
• Planned Racks: The country's total number of racks to be installed is expected to reach more than 160K units by 2029. East Singapore is expected to house the maximum number of racks by 2029.
• Planned Submarine Cables: There are close to 39 submarine cable systems connecting Singapore, and many are under construction. One such submarine cable that is estimated to start service in 2024 is Bifrost, which stretches over 19,888 Kilometers with landing points from Changi North, Singapore and Changi South, Singapore.
• DC Facilities: There are 46 colocation data center facilities in Singapore. The rising demand for more eco-friendly data processing facilities and revised regulatory norms will oversee a controlled expansion of the market studied.
• An increasing need for data storage has resulted in an upsurge in the number of data centers nationwide. Additionally, energy represents around 40% of the operational costs of a data center; it is also becoming increasingly important for data centers to focus on energy efficiency. To improve energy efficiency as a cost-saving measure, key players focus on developing a green standard for data centers in Singapore, which results in increasing the demand for Infrastructure management. Hence, such factors are expected to drive market growth during the forecast period.

Singapore Data Center Networking Industry Segmentation

Data center networking refers to the set of technologies, protocols, and hardware used to connect physical and network-based devices and manage the network infrastructure, storage, and processing of applications and data. Data center networking is very critical for 100% uptime of data centers. In the current web-connected world, business workloads are executed on single computers, hence leading to the need for data center networking. Networks provide servers, clients, applications, and middleware with a standard plan to stage the execution of workloads and also to manage access to the data produced.

The Singapore data center networking market is segmented by product (ethernet switches, routers, storage area network (SAN), application delivery controllers (ADC), and other networking equipment), by services (installation & integration, training & consulting, and support & maintenance), and by end-user (IT & telecommunication, BFSI, government, media & entertainment, and other end users). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

The market sizes and forecasts are provided in terms of value (USD) for all the above segments.