Singapore Data Center Physical Security Market Size
| Study Period | 2018 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 28.55 Million |
| Market Size (2029) | USD 64.01 Million |
| CAGR (2024 - 2029) | 17.52 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Singapore Data Center Physical Security Market Analysis
The Singapore Data Center Physical Security Market size is estimated at USD 28.55 million in 2024, and is expected to reach USD 64.01 million by 2029, growing at a CAGR of 17.52% during the forecast period (2024-2029).
The security measures can be categorized into computer room controls, facility controls, perimeter security, and cabinet controls. The first layer of data center security detects, delays, and discourages unauthorized personnel entry at the perimeter. Upon breach of the perimeter monitoring, the second layer of defense withholds access. It is an access control system which uses card swipes or biometrics. The third layer further restricts access through diverse verification methods by monitoring all restricted areas and deploying entry restrictions such as turnstile with VCA, biometric access control devices for thumbprints, irises, or vascular patterns, and using radio frequency identification. The initial three layers ensure only authorized entry. However, additional security to restrict access comprises cabinet locking mechanisms. It addresses the fear of an 'insider threat,' such as a malicious employee.
- Under Construction IT Load Capacity: The upcoming IT load capacity of the Singaporean data center market is expected to reach 1000 MW by 2029.
- Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 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.
Singapore Data Center Physical Security Market Trends
Video Surveillance Segment Holds Significant Share
- Since sensitive and important data is stored in data centers, security is a top priority. Data center operators use video surveillance systems to ensure security standards and regulations are met. This allows operators to monitor access, detect unauthorized access, and maintain compliance.
- Data protection laws set strict requirements for data center operators. Video surveillance can help maintain compliance by improving physical security measures.
- The population of Singapore is 100% urbanized, with 8.7 million mobile connections, accounting for 147% of the population. This data suggests that every citizen in the country owns more than one mobile device. The increased use of connected devices and smart homes has also increased the demand for digital data and network traffic. This makes Singapore one of the regional pioneers in the mobile commerce field. This means an increase in data consumption across data centers and, in turn, an increase in the domestic video surveillance market.
- 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 telecommunications sector in the coming years as service providers seek new ways to target customers in an already saturated market. The growth of the telecommunications industry is increasing the size of data centers, thereby increasing the need for video surveillance. Video surveillance has a powerful deterrent effect, reducing the likelihood of physical attacks and unauthorized access to critical data.
- Factors such as increased connectivity and online shopping are likely to contribute to increased data generation and processing power. As the country's internet penetration rate increases, the number of smartphone users is also expected to increase. This represents an increase in data centers and the associated demand for video surveillance to prevent malicious or erroneous operations within the data center and provide evidence to identify those responsible in the event of an incident.
IT & Telecommunication Segment Holds Major Share
- The Singaporean government is pivotal in stimulating demand and the utilization of technology and telecommunications across the country. The government is launching forward-thinking projects like the Smart Nation Initiative, Digital Economy Framework, Digital Government Blueprint, and Industrial Transformation Map.
- Singapore continues to roll out 5G. 5G networks and services are expected to be the cornerstone of the telecom industry's development over the next few years as service providers look for new ways to attract customers to the market. Singapore is expected to expand standalone 5G coverage to seaports such as anchorages, fairways, terminals, and wharves by mid-2025 to facilitate 5G deployment in shipping.
- In August 2022, the Infocomm Media Development Authority (IMDA) unveiled three more 5G projects to help Singapore use the fifth-generation mobile network in different areas. The projects involve using 5G in augmented reality (AR), health technology, and the maritime sector. Furthermore, in July 2022, Singtel confirmed to have achieved more than 95% standalone 5G coverage across Singapore, three years ahead of the regulatory target of end-2025, covering more than 1,300 outdoor locations. This would increase the demand for bandwidth due to increased data traffic, further driving the data center market and increasing the need for data center security in the country.
- The Government Technology Agency of Singapore primarily focuses on the digital transformation of the public sector using advanced data and communication tech to improve the daily lives of Singaporeans. Plans such as the Smart Nation Initiative, the Digital Economy Framework, the Digital Government Blueprint, and the Industrial Transformation Map (ITM) continue to drive the demand for technology and telecommunications adoption across the country.
- Furthermore, Chinese cloud service provider Alibaba Cloud launched its cloud computer in Singapore, eliminating the need for powerful desktop hardware to perform compute-intensive tasks. All connectivity and storage will be managed by Alibaba Cloud, which is targeting organizations involved in medical research, financial modeling, and oil and gas simulations, among other use cases. Such instances are expected to increase the demand for the cloud industry in the market.
Singapore Data Center Physical Security Industry Overview
The market is highly fragmented with the presence of major players like Axis Communications AB, ABB Ltd, and Bosch Sicherheitssysteme GmbH, among others, which play a vital role in upscaling the capabilities of enterprises. Market orientation leads to a highly competitive environment. The biggest retail and wholesale data center market companies have been trying to make their system more secure and safe from thefts. There has been a wave of consolidation in the secondary markets as smaller players seek to scale to compete and big players scale their products in the market. For instance,
- October 2023: Zwipe partnered with Schneider Electric's Security Solutions Group. Schneider Electric plans to introduce the Zwipe Access fingerprint-scanning smart card to its clientele. This card will be integrated with Schneider Electric's Continuum and Security Expert platforms, serving a client base from sectors including airports, transportation, healthcare, data centers, and more.
- August 2023: Securitas signed an expanded five-year agreement to provide data center security for Microsoft in 31 countries, solidifying a strong relationship. The global agreement includes risk management, comprehensive security technology as a system integrator, specialized safety and security resources, guarding services, and digital interfaces. Securitas ensures that the data center's physical security program remains innovative, robust, and effective. This demonstrates stability as a collaborator, assisting in navigating the challenges of Microsoft's expanding business.
Singapore Data Center Physical Security Market Leaders
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Axis Communications AB
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ABB Ltd
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Bosch Sicherheitssysteme GmbH
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Johnson Controls.
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Schneider Electric
*Disclaimer: Major Players sorted in no particular order
Singapore Data Center Physical Security Market News
- February 2024: In the latest release of the Axis operating system, AXIS OS, Axis Communications AB announced that more than 200 network devices, including cameras, intercoms, and 11.8 audio speakers are supported by the IEEE MAC 802.1sec security standard. Demonstrating the company's continued commitment to device and data security, Axis has become the first manufacturer of physical safety products supporting MACsec Media Access Control Security.
- April 2023: Schneider Electric launched EcoCare for Modular Data Centers services membership. Members of this innovative service plan benefit from specialized expertise to maximize modular data centers' uptime with 24/7 proactive remote monitoring and condition-based maintenance. Members also benefit from support provided in the form of a dedicated customer success management team, who become their coach, planning on-site and remote services teams and monitoring maintenance and infrastructure needs at a system level rather than an ad hoc approach for each asset only when problems arise.
Singapore Data Center Physical Security Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumption and Market Definition
1.2 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Data Traffic and Need for Secured Connectivity is Promoting the Growth of the Data Center Physical Security Market
4.2.2 Rise in Cyber Threats is Driving the Data Center Physical Security Market
4.3 Market Restraints
4.3.1 Limited IT Budgets, Availability of Low-Cost Substitutes, and Piracy are Discouraging the Potential Growth of the Market
4.4 Value Chain/Supply Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Assessment of COVID-19 Impact
5. MARKET SEGMENTATION
5.1 By Solution Type
5.1.1 Video Surveillance
5.1.2 Access Control Solutions
5.1.3 Other Solution Types (Mantraps and Fences and Monitoring Solutions)
5.2 By Service Type
5.2.1 Consulting Services
5.2.2 Professional Services
5.2.3 Other Service Types (System Integration Services)
5.3 By End User
5.3.1 IT & Telecommunication
5.3.2 BFSI
5.3.3 Government
5.3.4 Healthcare
5.3.5 Other End Users
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Axis Communications AB
6.1.2 ABB Ltd
6.1.3 Bosch Sicherheitssysteme GmbH
6.1.4 Convergint Technologies LLC
6.1.5 Johnson Controls
6.1.6 Schneider Electric
6.1.7 ASSA ABLOY
6.1.8 Cisco Systems Inc.
6.1.9 Dahua Technology
6.1.10 Genetec
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Singapore Data Center Physical Security Industry Segmentation
The data center physical security market refers to the industry focused on providing products and services to safeguard the physical infrastructure and assets of data centers. This includes measures to protect data centers from unauthorized access to premises, hardware theft, vandalism, sabotage, terrorist acts, and other physical threats. Key components of data center physical security may include video surveillance and monitoring, access control systems, physical barriers, biometric authentication, and environmental controls designed to ensure the safety and integrity of the data center environment.
The Singaporean data center physical security market is segmented by solution type, service type, and end-user industry. By type, the market is segmented into video surveillance and access control solutions. By service type, the market is segmented into consulting services and professional services. By end-user industry, the market is segmented into 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.
Singapore Data Center Physical Security Market Research FAQs
How big is the Singapore Data Center Physical Security Market?
The Singapore Data Center Physical Security Market size is expected to reach USD 28.55 million in 2024 and grow at a CAGR of 17.52% to reach USD 64.01 million by 2029.
What is the current Singapore Data Center Physical Security Market size?
In 2024, the Singapore Data Center Physical Security Market size is expected to reach USD 28.55 million.
Who are the key players in Singapore Data Center Physical Security Market?
Axis Communications AB, ABB Ltd, Bosch Sicherheitssysteme GmbH, Johnson Controls. and Schneider Electric are the major companies operating in the Singapore Data Center Physical Security Market.
What years does this Singapore Data Center Physical Security Market cover, and what was the market size in 2023?
In 2023, the Singapore Data Center Physical Security Market size was estimated at USD 23.55 million. The report covers the Singapore Data Center Physical Security Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Singapore Data Center Physical Security Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Singapore Data Center Physical Security Industry Report
Statistics for the 2024 Singapore Data Center Physical Security market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Singapore Data Center Physical Security analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
