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South Korea Data Center Market Size by Investment to Reach USD 5.25 Billion by 2026 - AriztonCHICAGO, Oct. 13, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this South Korea data center market report.  South Korea data center market size is expected to grow at a CAGR of over 7.72% during the period 2020-2026. South Korea data center market research report includes market size in terms of area, investment, power capacity, and colocation revenues. Get insights on 33 existing and 5 upcoming facilities spread across 12 cities, including Seoul and Other Cities (Anyang, Busan, Cheongju, Daegu, Gimhae, Gimpo, Goyang, Guro, Gwangju, Incheon, and Seongnam). Key Highlights Offered in the Report: 1. South Korea is an emerging data center market in APAC. South Korea has a geographical advantage due to its proximity to China and lower occurrence of natural disasters than Japan, Indonesia, and the Philippines. 2. According to Korea Data Center Council (KDCC) there are over 150 data center sites in the country. Seoul is a major market in the country, with 12 third-party colocation facilities contributing to over 80% of the existing power capacity. Seoul is followed by Incheon, Gyeonggi and Gangwon in terms of data center development. 3. Digital Realty, Equinix, KT, Telehouse, and LG Uplus are a few prominent colocation operators in South Korea. The market is witnessing upcoming investments from Digital Realty, Naver, SOLIS IDC, NHN, and Kakao Corp, among others, that will contribute to market growth. 4. Data localization laws mandate local companies only to operate data centers and provide services to public institutions. This factor expects to boost the increase the demand for local data center facilities in South Korea. 5. South Korean ICT companies are consistency investing in AI-based technology in the country. Technology giants such as Samsung and LG Electronics are a few companies that are leading the race. SK Telecom and KT, which are telecommunications companies are not far behind. 6. In 2020, the overall power mix in South Korea consisted majorly of fossil fuels, contributing around 60% to the electricity generated, with coal, and nuclear power contributing over 35%. In 2020, the South Korean government announced its energy plan that aims to generate 40% of electricity from renewable energy sources by 2034. Key Offerings:
Get your sample today! https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis South Korea Data Center Market – Segmentation
Market Segmentation by IT Infrastructure
Market Segmentation by Electrical Infrastructure
Market Segmentation by Mechanical Infrastructure
Market Segmentation by General Construction
Market Segmentation by Tier Standard
South Korea Data Center Market – Dynamics The cloud computing market in South Korea is growing rapidly and expects to generate revenue of over USD 2.5 billion by 2021. South Korea ranked fifth in the 2020 Cloud Readiness Index released by the Asia Cloud Computing Association. South Korea has the presence of both local and global cloud services providers, including Amazon Web Service (AWS), Oracle, Microsoft, Google, KT, LG CNS, SK C&C among others. The outbreak of the COVID-19 pandemic has boosted cloud adoption in the country, with public and private enterprises and educational institutions adopting cloud platforms. In 2020, the South Korean government announced to shift entire systems used by government agencies to the cloud by 2025. Around 77% of government agencies expect to choose public cloud services and the remaining opting for private cloud services. By 2023, Software as a Service (SaaS) expect to lead the cloud market, accounting over 40% of the market, followed by Infrastructure as a Services (IaaS) segment. In 2021, SK C&C agreed to merge digital platform and solutions for industries based on Multiverse (Korea's leading SaaS model by SK C&C) with the Google cloud to enhance the software as a service (SaaS) model. In 2020, Google launched its first cloud region in the country, and Oracle launched its second cloud region in Chuncheon, South Korea. Key Drivers and Trends fueling Market Growth:
South Korea Data Center Market - Existing Vs. Upcoming Data Centers
Get your sample today! https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis Key Market Participants IT Infrastructure Providers
Construction Constructors & Sub-Contractors
Support Infrastructure Providers
Data Center Investors
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About Arizton: Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services. We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports. Mail: [email protected] Logo: https://mma.prnewswire.com/media/818553/Arizton_Logo.jpg 
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