APAC to Emerge as Second-Largest Data Center and Hosting Market
GlobalData expects the region to reach $32 billion by 2023
LONDON — With a significant number of companies expanding to serve their global client base, the Asia-Pacific (APAC) region is set to witness a strong growth in terms of data center and hosting services revenue. Against this backdrop, the market is estimated to reach around $32 billion by 2023, behind only to North America, according to GlobalData.
“The data center and hosting market growth in APAC will be driven by growing demand for cloud services and digitization from both enterprises as well as the investors,” said Sunil Kumar Verma, lead ICT analyst at GlobalData.