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Philippines Data Center Market Analysis Report 2023: Market to Witness Investments of $1,016 Million by 2028DUBLIN, Feb. 9, 2023 /PRNewswire/ -- The "Philippines Data Center Market - Investment Analysis & Growth Opportunities 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The Philippines data center market size is projected to witness investments of USD 1,016 million by 2028, growing at a CAGR of 11.01% from 2022-2028 This report analyses the Philippines data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments. The country is on a path of digital transformation while reshaping its businesses and organizations rapidly, aided by services provided by cloud providers such as Google Cloud, Alibaba, Amazon Web Services (AWS), and Tencent Cloud. KEY HIGHLIGHTS OF THE REPORT In Southeast Asia, the Philippines data center market is one of the fastest emerging markets. In 2022, the country received investments from telecom and colocation operators. The Philippines capital Manila is its prominent data center hub. The capital hosts the maximum number of facilities in the country. Further facilities development is not only just highly limited to Manila, but other cities are also now witnessing a high rate of data center investments. The Philippines has a presence of colocation, telecom, and cloud service providers. Some of the operators in the country are ePLDT, YCO Cloud Centers, Beeinfotech, and Globe Telecom, among others. In 2022, the country witnessed investments from new entrants such as Edge Centres, Digital Edge, and Nautilus Data Technologies, among others. The usage of the cloud, the ongoing digital transformation, and the tremendous growth in digital connectivity on an international scale and sectors in the Philippines, such as BFSI, healthcare, and telecommunications, are migrating their workloads to the cloud will drive the Philippines data center market. The region is showing high growth in terms of renewable energy. The government is harnessing renewable energy at large levels to meet its green environment goals. Operators in the country are expected to procure renewable energy for their operations. COLOCATION SUPPLY VS DEMAND The retail colocation market is expected to grow at a CAGR of around 7.5%, whereas wholesale colocation will grow at a CAGR of around 51%, majorly contributed by hyperscale cloud service providers. In the Philippines, enterprise sectors are actively involved in migrating their workloads to the cloud, growing the demand for cloud/hyperscale capacity during the forecast period. e-commerce, BFSI, healthcare, public sector agencies, and other sectors will increase thedemand for colocation and cloud during 2023 - 2028. The entry of new colocation operators in the Philippines, such as Edge Centres, SpaceDC, Digital Edge, YCO Cloud Centers, Megawide Construction, Digital Halo, and Nautilus Data Technologies, fuel the colocation market revenue of the country. WHY SHOULD YOU BUY THIS RESEARCH?
VENDOR LANDSCAPE
Major Vendors IT Infrastructure Providers
Data Center Construction Contractors & Sub-Contractors
Support Infrastructure Providers
Data Center Investors
New Entrants
EXISTING VS. UPCOMING DATA CENTERS
REPORT COVERAGE: IT Infrastructure
Network Infrastructure Electrical Infrastructure
Mechanical Infrastructure
Cooling Systems
General Construction
Tier Standard
For more information about this report visit https://www.researchandmarkets.com/r/o9e5go-data?w=5 About ResearchAndMarkets.com Media Contact: Laura Wood | +353-1-481-1716 | [email protected] Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg View original content:https://www.prnewswire.com/news-releases/philippines-data-center-market-analysis-report-2023-market-to-witness-investments-of-1-016-million-by-2028--301742435.html SOURCE Research and Markets |