Increased number of investors leads to increased competitiveness and reduced colocation costs

Korean data center market

DUBLIN, April 24, 2024 (Globe Newswire) — The “Korea Data Center Market – Investment Analysis and Growth Opportunities 2024-2029” report has been added. ResearchAndMarkets.com Recruitment.

The South Korean data center market is expected to reach $7.23 billion by 2029 from $4.45 billion in 2023, growing at a CAGR of 8.4% and expected to grow at a CAGR of 8.43% from 2023 to 2029. It is expected.

This report analyzes South Korea's data center market share. Detailed analysis of existing and upcoming equipment and investments in IT, electrical, mechanical infrastructure, general construction, and strata standards. Market size and investment estimates for various segments are discussed.

The Korean data center market has several local and global operators such as Kakao Corp, KT Corp, Digital Realty, and Equinix, which have contributed significantly to the market growth in recent years. Expanding opportunities in the market have led several new entrants to invest in the Korean data center market, including Princeton Digital Group, Pure Data Center Group, and SC Zeus Data Center. The increase in the number of investors in the market will further lead to increased competitiveness and reduced colocation costs in the coming years.

In terms of IT infrastructure providers, the Korean data center market is dominated by the presence of global companies such as Arista Networks, Atos, Cisco Systems, and Dell Technologies, as the Korean market is one of the most technologically advanced globally. It's controlled. .

Main highlights

• In 2023, South Korea received multiple investments from global and local data center operators such as SK Ecoplant, Kakao, Naver, Samsung SDS, and Empyrion DC.

• South Korea's data center market is growing due to significant digitization, strong fiber connectivity, and increased adoption of technologies such as AI, among others.

• The South Korean government has pledged to reverse the previous government's policy to phase out nuclear energy, an earlier strategy that aimed to reduce the number of operating nuclear power plants to 17 by 2034. did.

• South Korea has 13 existing submarine cables connecting MEA and Europe. Two new cables are scheduled to be operational in his 2026.

• Renewable energy is expanding significantly in South Korea. Governments are actively harnessing the abundance of renewable resources to achieve environmental sustainability goals. In line with this trend, domestic data center operators are expected to adopt renewable energy to power their operations.

• South Korea recognizes the critical importance of cybersecurity and classifies it as national security. Despite boasting one of the fastest IT infrastructures in the world, the country recognizes its vulnerability to cyber threats.

• There is great potential in the country's information and communication technology (ICT) sector. Many healthcare, banking, financial services, and telecommunications companies are moving their operational workflows to cloud-based platforms.

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Why buy this study?

• Market size regarding investment, area, power capacity, and revenue of South Korea Colocation Market is available.

• Assessing Korean data center investments by colocation, hyperscale, and enterprise operators.

• Investments in total area (square feet) and power capacity (MW) of the nation's cities.

• Detailed study of the existing data center market status in South Korea, detailed market analysis and insightful forecasts on the market size during the forecast period.

• A snapshot of existing and upcoming third-party data center facilities in South Korea

Answers to key questions

• How big is the Korean data center market?

• How many existing and upcoming data center facilities are there in South Korea?

• How many MW of electricity capacity will be added across South Korea between 2024 and 2029?

• What are the factors driving the Korean data center market?

• What is the growth rate of the Korean data center market?

• Who are the major investors in the Korean data center market?

Key attributes:

I. Target facilities (existing): 35
II. Identified facilities (to come): 19
III.Coverage: 12+ cities
IV. Existing vs. Future (Area)
V. Existing and Future (IT Load Capacity)

I. Colocation Market Revenue and Forecast (2023-2029)
II. Wholesale and Retail Colocation Revenue (2023-2029)
III.Retail colocation pricing
IV. Wholesale colocation pricing

• Investments in the South Korean data center market are categorized into IT, power, cooling, and general construction services, and the size and forecast are presented.

• Comprehensive analysis of the industry's latest trends, growth rates, potential opportunities, growth constraints, and prospects.

• Business overviews and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors active in the industry.

• Transparent research methodology and analysis of industry demand and supply aspects.

Vendor scenery

IT infrastructure provider

Data center construction contractors and subcontractors

supporting infrastructure provider

• ABB

• caterpillar

• cummins

• delta electronics

• Eaton

• Fuji Electric

• Legrand

• Mitsubishi Electric

• pillar power system

• Rittal

• rolls royce

• schneider electric

• Stulz

• Vertive

data center investor

• actis

• digital realty

• dream mark 1

• digital edge

• Equinix

• Hostway IDC

• cacao corporation

• KT Corporation

• LG U Plus

• LG CNS

• neighbor

• NHN Co., Ltd.

• Solicidic

• SK Broadband

new entrant

Existing vs. Future Data Center

Report scope

Segmentation includes:

For more information on this report, please visit https://www.researchandmarkets.com/r/g3cpzy.

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