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Singapore Data Center Rack Market Size (2024 - 2029)

The Singapore data center rack market is experiencing growth driven by the increasing demand for cloud computing among small and medium-sized enterprises, stringent government regulations for local data security, and rising investments from domestic players. This growth is reflected in the expansion of IT load capacity, raised floor space, and the number of racks planned for installation. Additionally, the development of submarine cable systems, including significant projects like the Bifrost cable, is set to enhance connectivity, further supporting the market's expansion.

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Market Size of Singapore Data Center Rack Industry

Singapore Data Center Rack Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
Historical Data Period 2019 - 2022
CAGR (2024 - 2030) 2.70 %
Market Concentration Medium

Major Players

Singapore Data Center Rack Market Major Players

*Disclaimer: Major Players sorted in no particular order

Singapore Data Center Rack Market Analysis

The Singapore Data Center Rack Market is expected to register a CAGR of 2.70% during the forecast period.

The Singapore data center rack market reached a volume of 141,428 in the previous year, and it is further projected to register a CAGR of 2.7% during the forecast period. 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/region.

  • Under Construction IT Load Capacity: The upcoming IT load capacity of the Singapore 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 Rack Industry Segmentation

A data center rack is a physical enclosure made up of the usual steel housing electronic framework. It is designed to house servers, networking and communication devices, cables, and other data center computing peripherals.

The Singapore data center rack market is segmented by rack size (quarter rack, half rack, full rack) and by end user (IT & telecommunication, BFSI, government, and media & entertainment). The market sizes and forecasts are provided in terms of volume (units) for all the above segments.

By Rack Size
Quarter Rack
Half Rack
Full Rack
By End User
IT & Telecommunication
BFSI
Government
Media & Entertainment
Other End Users
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Singapore Data Center Rack Market Size Summary

The Singapore data center rack market is experiencing steady growth, driven by the increasing demand for cloud computing, stringent government regulations on data security, and significant investments from local players. The market is characterized by a shift towards fully rack-equipped data centers to accommodate the rapid expansion of mobile broadband, e-commerce, and big data analytics. The media and entertainment sector is anticipated to hold a substantial share of the market, fueled by the rising popularity of OTT platforms and the growing need for data storage solutions. This trend is further supported by the construction of new data center facilities and the expansion of existing ones, which are expected to enhance the country's IT load capacity and raised floor space significantly over the coming years.

Strategic investments in e-commerce and technology startups are also contributing to the market's expansion, as they drive up online sales and the demand for data center services. The market is moderately consolidated, with major players like Eaton Corporation, Black Box Corporation, Schneider Electric SE, Vertiv Group Corp., and Dell Inc. focusing on expanding their regional presence. Innovations such as the use of cold energy for cooling data centers and the development of a floating data center park are indicative of the industry's commitment to sustainability and efficiency. These developments, along with partnerships aimed at exploring green fuel technologies, are expected to further propel the demand for data center racks in Singapore, positioning the country as a key player in the regional data center market.

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Singapore Data Center Rack Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 The Rising Dominance of the 5G Network

      2. 1.2.2 Fiber Connectivity Network Expansion in the Country

    3. 1.3 Market Restraints

      1. 1.3.1 Increasing Cybersecurity Threats and Ransomware Attacks

      2. 1.3.2 Low Availability of Resources

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Bargaining Power of Buyers/Consumers

      2. 1.5.2 Bargaining Power of Suppliers

      3. 1.5.3 Threat of New Entrants

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Assessment of COVID-19 Impact

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Rack Size

      1. 2.1.1 Quarter Rack

      2. 2.1.2 Half Rack

      3. 2.1.3 Full Rack

    2. 2.2 By End User

      1. 2.2.1 IT & Telecommunication

      2. 2.2.2 BFSI

      3. 2.2.3 Government

      4. 2.2.4 Media & Entertainment

      5. 2.2.5 Other End Users

Singapore Data Center Rack Market Size FAQs

The Singapore Data Center Rack Market is projected to register a CAGR of 2.70% during the forecast period (2024-2030)

Eaton Corporation, Black Box Corporation, Schneider Electric SE, Vertiv Group Corp. and Dell Inc. are the major companies operating in the Singapore Data Center Rack Market.

Singapore Data Center Rack Market Report Snapshots

Singapore Data Center Rack Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2030)