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High Demand for Data Racks in APAC
The data centre market in APAC, which is dominated by colocation providers, internet and cloud service providers, has registered a 24% growth in 2021 (Knight Frank 2021, Data Centre Report). With the surging demand for data racks, Hong Kong and Singapore are among the top locations in APAC accounting for substantial data centre investments in 2021.
Factors Contributing to the Growth of APAC Data Centre Market
(APAC Data Centre Market - Industry Outlook & Forecast 2022-2027, Research and Markets)
· Innovative Data Centre Technologies
· Adoption of Carbon-Free Energy Sources
· Cloud Adoption
· COVID-19 Impact
· Tax Incentives, Area Allocation, and Data Localization
· IT Infrastructure in Data Centres
Hong Kong Standouts as a Premier Data Centre Location in APAC
While the industry is continually pursuing innovative technologies to improve efficiency and reduce energy consumption in data centres, the availability and abundance in data centre space and racks also play an important part when choosing an optimal data centre location in APAC. Hong Kong maintains as the prime choice of data centre location in APAC.
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