Jiangsu Data Center Market Size
| Study Period | 2018 - 2030 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2030 |
| Historical Data Period | 2018 - 2022 |
| CAGR | 9.05 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Jiangsu Data Center Market Analysis
The data centers in the Jiangsu region had a capacity of 244.8 MW in 2022, which is expected to reach 473 MW in the next six years, registering a CAGR of 9.05% during the forecast period. The pandemic led to the rapid acceptance of digitalization in the city. Since every industry suddenly became dependent on smart devices and the internet, the data center market grew during the pandemic.
- Jiangsu currently has a population of around 80 million people. As users have started adopting streaming and financial services, data consumption in the region has increased. The presence of finance and technology companies in Jiangsu and a growing number of people preferring cashless payments have increased data consumption, encouraging the growth of data centers to cater to the needs of these companies.
- The most preferred data center type in Jiangsu is mega, as companies are more intrigued to set up huge data centers at places with lower costs and electricity prices. The capacity of mega data centers is expected to increase from 192 MW in 2022 to 308.2 MW by 2029, registering a CAGR of 5.6%. However, the growth of other data center types, such as large, medium, and small, is expected to stagnate.
- COVID-19 affected data center market studied as it has delayed the construction of several new facilities. Ongoing construction of data centers from enterprises and colocation service providers witnessed a halt. Furthermore, the pandemic has put high pressure on end-user companies to support remote working and are fast-tracking their cloud and digitization journeys.which created huge demand for data centers.
Jiangsu Data Center Market Trends
Mega data center facilities are anticipated to witness growth during the forecast period.
- Virtualization has driven the data center industry over the years. Companies in the region have sought to reduce infrastructure by focusing IT operations on fewer, more highly utilized machines. This process has led to a wider view of data centers in general. Companies operating multiple data centers can focus their facilities on fewer and larger implementations to decrease complexity and costs.
- Depending on their locations, implementing mega data centers can allow a company to enjoy advantages of certain local benefits, such as tax incentives, low energy prices, climate, or availability of alternative energy sources. Thus, mega data centers result from attempts to minimize cost and maximize profit. Such factors in the Jiangsu region attract local and global players to develop mega-data centers.
- Chindata Group Holdings Pvt Ltd and Space DC Pte Ltd have four mega facilities each, followed by Princeton digital group with three facilities. in China.
- These companies are further projected to drive the mega-sized data center segment, with a combined capacity of facilities under construction of 360 MW by 2029. These constructions are being done primarily in Jiangsu and other regions owing to tax incentives on electricity and land being offered by local governments.
BFSI segment to grow at a noteworthy pace.
- Many banks maintain their own data centers, but it has been observed that the trend is changing due to fluctuations in the banks' profits. Also, maintaining a data center is cumbersome, owing to the cost drain on IT, real estate, and operations, as it requires proper cooling, security, and power facilities. This can act as a challenge for the BFSI industry during the forecast period.
- The banking and finance sector is one of the largest data generators, and the need for a data center to regulate the cost of operations is a primary driver. Finance and banking structures use data centers to store customer records, employee management, transactions, and electronic banking services, such as remote banking, telebanking, and self-inquiry, which need data centers to function.
- Data centers, as infrastructure, are believed to be the future of finance. Many institutions have created private cloud systems to accommodate massive network, storage, and server capacities to support their retail financial centers, ATMs, and active online accounts.
Jiangsu Data Center Industry Overview
With growing competition in the market, many market players are trying to make strategic alliances and expansions in order to keep hold of the market in the region and grow. For instance, in 2022, Princeton Digital Group is going to open two facilities in Jiangsu and Nantong with an IT load capacity of 107 MW. The new facilities are expected to be Tier 3.
In June 2021, Big Data Exchange (BDx) launched a 35 MW data center in Nanjing, in the Jiangsu province of China. Its first 4-megawatt phase, named NKG1, went live at the time of the launch. The company aims to target financial services institutions, over-the-top (OTT) media service providers, and multinational Fortune 500 corporations with this data center.
Jiangsu Data Center Market Leaders
SpaceDC Pte Ltd
GLP
BDx Data Centers
*Disclaimer: Major Players sorted in no particular order
Jiangsu Data Center Market News
- November 2022: Sany Heavy Machine officially announced the launch of a Cloud Data Center in Kunshan, Jiangsu; the launch of the new data center added a strategic resource to the company and also represented the digital growth of the company.
- May 2022: The UK-based data center operation, controlled by Jiangsu Shagang Group, a Chinese steelmaker, started formal sale proceedings. This was considered to be around a USD 10 Billion Sale to get strategic international investors in the company.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. KEY INDUSTRY TRENDS
4.1 Smartphone Users
4.2 Data Traffic per Smartphone
4.3 Mobile Data Speed
4.4 Broadband Data Speed
4.5 Regulatory Framework
4.6 Value Chain Analysis
5. MARKET OUTLOOK
5.1 IT Load Capacity
5.2 Raised Floor Space
5.3 Number of Racks
6. MARKET SEGMENTATION
6.1 DC Size
6.1.1 Small
6.1.2 Medium
6.1.3 Large
6.1.4 Massive
6.1.5 Mega
6.2 Tier Type
6.2.1 Tier 1 & 2
6.2.2 Tier 3
6.2.3 Tier 4
6.3 Absorption
6.3.1 Utilized
6.3.1.1 Colocation Type
6.3.1.1.1 Retail
6.3.1.1.2 Wholesale
6.3.1.1.3 Hyperscale
6.3.1.2 End User
6.3.1.2.1 Cloud & IT
6.3.1.2.2 Telecom
6.3.1.2.3 Media & Entertainment
6.3.1.2.4 Government
6.3.1.2.5 BFSI
6.3.1.2.6 Manufacturing
6.3.1.2.7 E-Commerce
6.3.1.2.8 Other End User
6.3.2 Non-Utilized
7. COMPETITVE LANDSCAPE
7.1 Company Profiles
7.1.1 SpaceDC Pte Ltd
7.1.2 GLP
7.1.3 BDx Data Centers
Jiangsu Data Center Industry Segmentation
A data center is a physical room, building, or facility that holds IT infrastructure used to construct, run, and provide applications and services and store and manage the data connected with those applications and services.
Jiangsu Data Center Market is segmented by DC Size (Small, Medium, Large, Massive, Mega), Tier Type (Tier 1&2, Tier 3, Tier 4), Absorption (Utilized (Colocation Type (Retail, Wholesale, Hyperscale), End User ( Cloud & IT, Telecom, Media & Entertainment, Government, BFSI, Manufacturing, E-Commerce)), and Non-Utilized). The market sizes and forecasts are provided in terms of value (MW) for all the above segments.
Frequently Asked Questions
What is the current Jiangsu Data Center Market size?
The Jiangsu Data Center Market is projected to register a CAGR of 9.05% during the forecast period (2024-2030)
Who are the key players in Jiangsu Data Center Market?
SpaceDC Pte Ltd, GLP and BDx Data Centers are the major companies operating in the Jiangsu Data Center Market.
What years does this Jiangsu Data Center Market cover?
The report covers the Jiangsu Data Center Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Jiangsu Data Center Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Jiangsu Data Center Industry Report
Statistics for the 2024 Jiangsu Data Center market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Jiangsu Data Center analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
