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Singapore Data Center Server Market Size (2024 - 2029)

The Singapore data center server 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 market's expansion in terms of IT load capacity, raised floor space, and the number of racks planned for installation. Additionally, the development of submarine cable systems is enhancing connectivity, further supporting the market's expansion.

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Market Size of Singapore Data Center Server Industry

Singapore Data Center Server 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 High

Major Players

Singapore Data Center Server Market Major Players

*Disclaimer: Major Players sorted in no particular order

Singapore Data Center Server Market Analysis

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

The Singapore data center server market reached a value of USD 2.9 billion in the previous years, and it is further projected to register a CAGR of 2.7% during the forecast period. The increasing demand for cloud computing among small and medium-sized enterprises (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 165.5K units by 2029. East Singapore is expected to house the maximum number of racks by 2029.
  • Planned Submarine Cables: There are close to 14 submarine cable systems connecting Singapore, and many are under construction. One such submarine cable that is estimated to start service in 2023 is Asia Direct Cable (ADC), which stretches over 9800 Kilometers with landing points from Tuas, Singapore.

Singapore Data Center Server Industry Segmentation

A data center server is basically a high-capacity computer computer without peripherals like monitors and keyboards. It is a hardware unit installed inside a rack, having a central processing unit (CPU), storage, and other electrical and networking equipment, making them powerful computers that deliver applications, services, and data to end-user devices.

The Singapore data center server market is segmented by form factor (blade server, rack server, and tower server) and by end-user (IT and telecommunication, BFSI, government, media and entertainment, and other end users). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

Form Factor
Blade Server
Rack Server
Tower Server
End-User
IT & Telecommunication
BFSI
Government
Media & Entertainment
Other End-User
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Singapore Data Center Server Market Size Summary

The Singapore data center server market is experiencing steady growth, driven by the increasing demand for cloud computing, particularly among small and medium-sized enterprises, and the need for enhanced data security regulations. The market is also benefiting from significant investments by local players and the expansion of infrastructure, such as IT load capacity and raised floor space. The rise of online banking and mobile payment systems has further fueled the demand for data centers, as they provide the necessary high-speed connectivity and processing power to handle transactions efficiently. Strategic collaborations among companies, such as Grab Holdings and Singapore Telecommunication, are also contributing to the market's expansion by offering digital banking services and obtaining digital full bank licenses.

The market is characterized by a preference for rack servers due to their cost-effectiveness and efficiency in data center environments. The presence of major hyperscale cloud providers like Google, Alibaba, and Amazon has attracted substantial investments, with Google announcing a significant data center investment in Singapore. The proliferation of 5G networks is prompting telecom vendors to invest in data centers to accommodate increased data traffic, further driving the demand for rack servers. The market is consolidated, with key players like Fujitsu Limited, Hewlett Packard Enterprise, and Dell Inc. focusing on expanding their customer base and enhancing their product offerings. Recent advancements in server technology, such as Supermicro's new servers with AmpereOne CPUs and Hewlett Packard Enterprise's energy-efficient processors, are set to support a range of applications, including AI inferencing and cloud gaming, thereby boosting the market's growth prospects.

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Singapore Data Center Server Market Size - Table of Contents

  1. 1. Market Dynamics

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Adoption of OTT Demand

      2. 1.2.2 Demand for Cloud Computing Among Enterprises

    3. 1.3 Market Restraints

      1. 1.3.1 High CaPex for Building Data Center Along With Security Challenges

    4. 1.4 Value Chain / Supply Chain Analysis

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

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      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 Form Factor

      1. 2.1.1 Blade Server

      2. 2.1.2 Rack Server

      3. 2.1.3 Tower Server

    2. 2.2 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-User

Singapore Data Center Server Market Size FAQs

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

Fujitsu Limited, Dell Inc., HP Enterprise, Super Micro Computer, Inc. and Lenovo Group Limited are the major companies operating in the Singapore Data Center Server Market.

Singapore Data Center Server Market Report Snapshots

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