Market Size of APAC Data Center Networking Industry
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2030 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.70 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Data Center Networking Market Analysis
The Asia-Pacific data center power market reached a value of USD 7.23 billion in the previous year, and it is further projected to register a CAGR of 9.7% during the forecast period.
- Asia Pacific is experiencing strong adoption of visualization tools, specifically standalone visualization. Increasing data traffic along with increasing data center constructions and servers is laying the demand for networking solutions.
- The upcoming IT load capacity of the Asia-Pacific data center construction market is expected to reach 23K MW by 2029. The region's construction of raised floor area is expected to increase 74.5 million sq. ft by 2029.
- The region's total number of racks to be installed is expected to reach 4.2 million units by 2029. India is expected to house the maximum number of racks by 2029.
- There are close to 160 submarine cable systems connecting the Asia-Pacific, and many are under construction. One such submarine cable that is estimated to start service in 2024 is Southeast Asia-Japan Cable 2 (SJC2), which stretches over 10,500 km with a landing point in China, Taiwan, Japan, South Korea, Thailand, and Vietnam.
