Market Trends of South Korea Data Center Power Industry
The IT & Telecom Segment is Expected to Hold a Significant Market Share
- Digital native businesses and media and gaming companies are major spenders in South Korea's public cloud market. Online gaming, e-commerce, and other fully digitized businesses that need to deliver the best possible online experience are seeing unprecedented demand, along with experimental games and features using augmented and virtual realities. For example, mobile game maker Netmarble Corp. is using smart analytics and machine learning to gain customer insights that help drive further innovation. It also observed that a public cloud improves team productivity.
- South Korea's telecom market ranks second only to Hong Kong. South Korea is also at the forefront of new communication technology advances, such as 6G. It operates in a highly competitive but stable market, with substantial government backing driving the rollout of modern infrastructure in both the fixed and mobile sectors. South Korea also houses two of the world's leading equipment manufacturers, Samsung and LG.
- The government has decided to lower the barriers to entry for IT and Telecom services in the country. Due to this move, foreign tech giants such as Amazon and Microsoft are expected to pose a threat to domestic companies.
- Despite growing concerns among KT, Naver, NHN, and other domestic cloud service providers over the possibility of foreign firms gaining dominance in the local market, tech firms from the United States and China welcomed the proposed easing of regulations; they are starting to look for experts in cloud computing services for the public sector. Such developments are driving the country's need for data centers from the cloud segment.
Understand The Key Trends Shaping This Market
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Monitored PDUs Holds Significant Share in the Market.
- Monitored rack PDUs are essential components in data center and server room infrastructure, providing real-time monitoring of power usage, voltage, current, and other electrical parameters. This data helps administrators make informed decisions about power allocation and capacity planning.
- By tracking power usage trends, administrators can plan for future growth and ensure that power capacity is not exceeded, preventing overloads that could lead to equipment failures. Also, it helps identify inefficiencies and optimize energy usage. This can lead to cost savings and a reduced environmental footprint by eliminating unnecessary power consumption. Also, it allows administrators remote access and control, reducing the need for physical presence and minimizing operational disruptions.
- Increasing focus on digitalization, internet penetration, and e-commerce sales across the country creates more need for storage facilities, resulting in huge demand for data centers and a rise in power consumption. The increased demand for data storage has led to the deployment of intelligent power distribution units (PDUs) against simple multi-socket rack installations with server and network equipment, which optimize power consumption in data centers.
- Because of the advancements mentioned with monitored PDUs and the necessity to reduce electricity consumption as per government measures in the country, key market players are focusing on introducing efficient power management systems. In May 2023, Eaton, which provides power management services, launched G3 Universal Input Rack PPDUs with dynamic C39 outlets capable of accommodating different plug configurations and input voltage requirements. To meet the most diverse data center rack power requirements, G3UPDU added new features.
