Singapore Data Center Server Market Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2030 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.70 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Singapore Data Center Server Market Analysis
The Singapore data center server market reached a value of USD 2.9 billion in the previous years, and it is further projected to register a CAGR of 2.7% during the forecast period. The increasing demand for cloud computing among small and medium-sized enterprises (SMEs), government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country/region.
- Under Construction IT Load Capacity: The upcoming IT load capacity of the Singapore data center market is expected to reach 1000 MW by 2029.
- Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 3.3 million sq. ft by 2029.
- Planned Racks: The country's total number of racks to be installed is expected to reach 165.5K units by 2029. East Singapore is expected to house the maximum number of racks by 2029.
- Planned Submarine Cables: There are close to 14 submarine cable systems connecting Singapore, and many are under construction. One such submarine cable that is estimated to start service in 2023 is Asia Direct Cable (ADC), which stretches over 9800 Kilometers with landing points from Tuas, Singapore.
Singapore Data Center Server Market Trends
BFSI to Hold Significant Growth
- In Singapore, with the rise of online banking and mobile payment systems, financial institutions are able to process transactions quickly and securely. Data centers provide the high-speed connectivity and processing power needed to ensure that transactions are processed in real-time, reducing the risk of errors or delays. Such factors lead to a major demand for servers for better computing.
- Capco surveyed 1,000 Singapore consumers to gauge their behavior towards banking services at a time of rapid change in the retail banking industry. The survey states that 81% of Singapore banking customers using mobile apps want to access banking services.
- Companies such as Grab Holdings are making strategic collaborations to capitalize on the growing market. Their joint venture with Singapore Telecommunication GXS Bank provides digital banking services to the retail sector. Recently, Singaporean businesses Grab and tech company Sea obtained 'digital full bank' licenses, enabling them to accept deposits and provide services locally to both retail and corporate customers, now serving more than 3 million customers.
- Several fintech startups are further boosting the market by attaining strategic partnerships with cloud service providers to automate their respective payment portals. In April 2022, Wallet Engine partnered with Mambu to fast-track the development of its innovative wallet-as-a-service offering, which aims to become the go-to solution for embedding financial services into any app.
- Overall, with increasing fintech firms, the demand for data centers will increase potentially, leading to demand for the server market.
Rack Server to Hold Significant Share
- Rack servers are compact and efficient devices that can handle a variety of computing tasks and are commonly used in data center environments where space is at a premium. In Singapore, various end users prefer rack servers as it is more cost-effective than blade servers,
- The data center industry has begun to gain momentum with attractive investments from hyperscale cloud providers such as Google, Alibaba, and Amazon. Due to the pandemic, Google announced its third data center in the country, representing a long-term investment of about USD 850 million.
- The rising dominance of the 5G network is further adhering telecom vendors to invest in the data center. In July 2022, Singtel was confirmed to have achieved more than 95% standalone 5G coverage across Singapore, three years ahead of the regulatory target of end-2025, covering more than 1,300 outdoor locations.
- Moreover, in August 2022, The Infocomm Media Development Authority (IMDA) on Wednesday (Aug 3) unveiled three more 5G projects to help Singapore use the fifth-generation mobile network in different areas. The projects involve 5G usage in augmented reality (AR), health technology, and the maritime sector. This would increase the demand for bandwidth due to increased data traffic, further driving the demand for rack servers.
Singapore Data Center Server Industry Overview
The Singapore data center server market is consolidated among the players and has gained a competitive edge in recent years. A few major players are Fujitsu Limited, Hewlett Packard Enterprise, Dell Inc., and others. These major players, with a prominent market share, focus on expanding their customer base across the region. These companies leverage strategic collaborative initiatives to increase their market share and profitability.
In July 2023, Supermicro, Inc. announced several new servers to its already broad application-optimized product line. These new servers incorporate the new AmpereOne CPU, with up to 192 single-threaded cores and up to 4 TB of memory capacity. Applications such as databases, telco edge, web servers, caching services, media encoding, and video gaming streaming will benefit from increased cores, faster memory access, higher performance per watt, scalable power management, and the new cloud security features.
Singapore Data Center Server Market Leaders
Fujitsu Limited
Dell Inc.
HP Enterprise
Super Micro Computer, Inc.
Lenovo Group Limited
*Disclaimer: Major Players sorted in no particular order
Singapore Data Center Server Market News
- August 2023 - Hewlett Packard Enterprise announced that phoenixNAP is expanding its Bare Metal Cloud platform with cloud-native HPE ProLiant RL300 Gen11 servers, using energy-efficient processors from AmpereComputing. The expanded services support artificial intelligence (AI) inferencing, cloud gaming, and other cloud-native workloads with improved performance and energy efficiency.
- June 2023 - Kingston Technology announced the release of its 32 GB and 16 GB Server Premier DDR5 5600 MT/s and 5200 MT/s, ECC Unbuffered DIMMs and ECC SODIMMs. Server Premier is Kingston's industry-standard server class memory solution sold by the specification for use in white-box systems. It is the Intel platform validated and qualified by leading motherboard/system manufacturers.
Table of Contents
1. INTRODUCTION
1.1 Study Assumption & Market Definition
1.2 Scope of the Study
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Adoption of OTT Demand
4.2.2 Demand for Cloud Computing Among Enterprises
4.3 Market Restraints
4.3.1 High CaPex for Building Data Center Along With Security Challenges
4.4 Value Chain / Supply Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Assessment of COVID-19 Impact
5. MARKET SEGMENTATION
5.1 Form Factor
5.1.1 Blade Server
5.1.2 Rack Server
5.1.3 Tower Server
5.2 End-User
5.2.1 IT & Telecommunication
5.2.2 BFSI
5.2.3 Government
5.2.4 Media & Entertainment
5.2.5 Other End-User
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Fujitsu Limited
6.1.2 Dell Inc.
6.1.3 HP Enterprise
6.1.4 Super Micro Computer, Inc.
6.1.5 Lenovo Group Limited
6.1.6 Kingston Technology Corporation
6.1.7 Hitachi Asia Ltd
6.1.8 Oracle Corporation
6.1.9 Huawei Technologies Co., Ltd.
6.1.10 Cisco Systems, Inc.
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Singapore Data Center Server Industry Segmentation
A data center server is basically a high-capacity computer computer without peripherals like monitors and keyboards. It is a hardware unit installed inside a rack, having a central processing unit (CPU), storage, and other electrical and networking equipment, making them powerful computers that deliver applications, services, and data to end-user devices.
The Singapore data center server market is segmented by form factor (blade server, rack server, and tower server) and by end-user (IT and telecommunication, BFSI, government, media and entertainment, and other end users). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| Form Factor | |
| Blade Server | |
| Rack Server | |
| Tower Server |
| End-User | |
| IT & Telecommunication | |
| BFSI | |
| Government | |
| Media & Entertainment | |
| Other End-User |
Frequently Asked Questions
What is the current Singapore Data Center Server Market size?
The Singapore Data Center Server Market is projected to register a CAGR of 2.70% during the forecast period (2024-2030)
Who are the key players in Singapore Data Center Server Market?
Fujitsu Limited, Dell Inc., HP Enterprise, Super Micro Computer, Inc. and Lenovo Group Limited are the major companies operating in the Singapore Data Center Server Market.
What years does this Singapore Data Center Server Market cover?
The report covers the Singapore Data Center Server Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Singapore Data Center Server Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Singapore Data Center Server Industry Report
Statistics for the 2024 Singapore Data Center Server market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Singapore Data Center Server analysis includes a market forecast outlook to for 2024 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
