Singapore ranks third in global data centre market: report
The market slid one place from last year.
Singapore ranked as the third leading data centre market globally, down one place from last year, Cushman & Wakefield reported.
In its Global Data Centre Market Comparison report, Cushman & Wakefield found that Singapore registered strong performances across various categories, such as low vacancy rate, low environmental risk, and its status as a smart city.
Singapore and Hong Kong are the only Asian markets to make the top ten. The other markets are all based in the United States.
Read more: Singapore is 5th most expensive market for data centre construction
In the Asia-Pacific region, Singapore topped the list, followed by Hong Kong in second place. Sydney and Seoul tied for the third place.
“We are seeing significant investment and interest in Bangkok, Ho Chi Minh, Hyderabad, Johor and Manila and we expect this to continue, along with interest in other primary and secondary markets in the region,” Cushman & Wakefield’s Head of Data Centre Advisory Team, Asia Pacific, Vivek Dahiya said.
“Data centres are a rapidly evolving asset class as evidenced by this report: last year, Portland ranked 10th. This year it tied for first. We expect such strong movements to continue in the years to come as the sector evolves and matures.”
Workplace 3.0: Transforming work environments to support innovation and meaningful work
The race to gender equity for Asia’s startups
How Many Apps Does It Take to Change a Workplace?
In an era of zero-sum thinking, business leaders must unlock a mutually beneficial future
Diversifying your portfolio: Alternative investments in Singapore to consider in a low-interest rate environment
Navigating the digital future: A closer look at Singapore Budget 2023 measures in view of the rapidly changing workplace