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Asia Pacific Data Centre Market Report 2023: Growing Demand for High-Density Data Centers Bolsters SectorDUBLIN, April 7, 2023 /PRNewswire/ -- The "Asia Pacific Data Centre Market, Size, Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis" report has been added to ResearchAndMarkets.com's offering. 
The Asia-Pacific media and entertainment market will grow at an increasing rate during the forecast period. With the ever-expanding requirement for seamless communication, digital entertainment, and the urge for wireless networks, the media and entertainment market is gradually emerging. Corporate Data Centres held the Highest Market Share in 2022 Based on type, the Asia-Pacific Data Centre Market is categorized into; Corporate Data Centre and Web hosting Data Centre. The corporate data centre category will hold the lion's share of the entire market from 2023 to 2028. The dominance is because many big companies need affordable data centres that are competent in sending, retrieving, storing, and backing up vast amounts of information and data. For instance, Indian data centre providers have invested in technology to provide their customers with top services. Businesses with access to scalable cloud services can compete successfully without worrying about the decreasing returns brought on by growth. The Growing Demand for High-Density Data Centers by Businesses is Augmenting its Growth The Asia-Pacific Data Centre Market, based on density, is divided into; High Density, Medium Density, Extreme Density, and Low Density. The need for efficiency coupled with the demand for compact equipment is primarily increasing the adoption of High-Density Data Centres. Further, rising demand for operations related to data centers & increasing investment in data center equipment is the primary factor boosting the growth of the global high-density racks market. In addition, emerging economies such as India & China will drive the high-density data center market primarily due to increasing investments in several sectors such as banking, Telecom& insurance, and others requiring data centers to support new regional projects. Moreover, owing to regulatory and security reasons, several organizations in India are not allowed to host their data in a data center out of the country. As a result, the data center providers are setting up local data centers in India, indicating the growing mega data center facilities in India. Wholesale Service will grow at an Increasing Rate and Capture the Majority of Market Share Based on colocation services, the Asia-Pacific Data Center Market is broken up into; Retail and Wholesale. The wholesale colocation service will register the highest growth rate over the coming years due to several major cloud service providers and hyper scalers moving toward wholesale colocation. Large enterprises have a broad customer base, leading to the generation of substantial volumes of data. The need for ample commercial space for accumulating their servers creates a demand for wholesale colocation. The wholesale colocation providers have also started to lease out retail spaces within their existing facilities, leading to a blurring of lines between these two types of solutions. Enterprises are now considering those solutions for implementation which offer the best of these types, and thus a new form of the hybrid solution is gaining momentum. Key Players Analysis: In June 2022 - Lenovo Group Limited and PCCW Limited jointly announced that they have entered into definitive agreements to establish a strategic partnership to create a technology solutions business in the Asia Pacific region. The partnership, PCCW Lenovo Technology Solutions Limited ('PLTS'), will leverage the combined strengths of Lenovo and PCCW to create compelling value for company's employees, customers, and shareholders. In March 2022 - SUNeVision acquired land assigned for a cable landing station (CLS) in Hong Kong. The Lands Department declared this week that the tender for an area in Chung HomKok had been awarded to STT Limited on a 30-year land grant for HK$ 427.88 Million. End-Users - Market breakup from 6 Viewpoints: 1. Retail 2. BFSI 3. IT & Telecom 4. Healthcare 5. Media & Entertainment 6. Others Type - Market breakup from 2 Viewpoints: 1. Corporate Data Centre 2. Webhosting Data Centre Density - Marketbreakupfrom4 viewpoints: 1. High Density 2. Medium Density 3. Extreme Density 4. Low Density Colocation Type - Market breakup of 2 Sectors 1. Retail 2. Wholesale Key Topics Covered:
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SOURCE Research and Markets 
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