Data centre market boom predicted by 2024 Global Index report

The global market for data centres is bracing for a period of extensive evolution and surging demand led by significant growth in the Asia Pacific (APAC) region and fast adoption of artificial intelligence (AI) technologies, states a new report by DC Byte, a foremost data intelligence provider.

The 2024 Global Data Centre Index report projects widespread acceleration across regions, featuring large-scale developments and record investments. According to Edward Galvin, CEO of DC Byte, the study provides a "broad overview of the global market, highlighting its overarching trends and key drivers."

A variety of markets are featured in the report, ranging from fully developed to rapidly emerging ones and even markets are on the edge of noticeable growth. Designed carefully to offer diverse perspectives, each regional section highlights three distinct types of markets:

The first is a 'developed market' where established infrastructures and expansion strategies provide insights into a mature market. This is followed by a 'developing market', which explores rapidly growing markets exhibiting unique characteristics and significant potential. Finally, the 'interest market' illuminates a market on the verge of substantial growth and offers valuable insights into early-stage potential and challenges.

The study's objective is to portray a comprehensive picture of the worldwide data centre landscape by examining a diverse range of markets within each geographic region.

The APAC region emerges as a frontrunner in digital infrastructure growth, registering an impressive compound annual growth rate (CAGR) of 21.8% from 2018 to 2023. This momentum is predicted to persist, with projections indicating a near-tripling of Live+Pipeline Supply by 2028.

Among top markets in the region, Tokyo demonstrates surprising growth spurred by international operators, despite expectations of market maturity. Mumbai's data centre market shows extraordinary growth, with a total potential of 2.6GW distributed between established Chandivali and promising Navi Mumbai. Finally, Southeast Asia witnessed rapid data centre market growth in Johor, capitalising on Singapore's moratorium.

The 2024 Global Data Centre Index report underscores the resilience and potential of the global data centre market. It offers detailed analyses of the regional hubs providing insights into overarching trends. The report predicts a future of continuous and significant growth across all global regions, painting a compelling picture of a market filled with incredible opportunities.