Singapore is ranked fifth globally in terms of data center market competitiveness, according to Cushman & Wakefield’s 2021 Global Data Center Market Comparison report. The South East Asian island nation’s data center market is expected to grow by 4% year-on-year between 2020 and 2025.
Cushman & Wakefield’s study evaluated 1,189 data centers worldwide, using a weighted methodology to rank 48 global markets to arrive at the overall top ten.
The rest of the top five are West Virginia (#1), Chicago (#2), Sydney (#3), and Silicon Valley (#4). Next in line are Dallas (#6), London (#7), Seattle (#8), New York / New Jersey (#9), and Amsterdam (#10)
“The 2020 pandemic accelerated the change in corporate IT strategy, as companies rapidly shifted to the cloud. Continuation and optimization of this shift will continue throughout the next several years, creating further emphasis on cloud services availability and connectivity across platforms,’ said Dave Fanning, Executive Managing Director, Data Center Advisory Group Leader at Cushman & Wakefield.
Cushman & Wakefield’s ranking resonates with a recent report by global commercial real estate services company JLL, which noted that Asia Pacific’s data center real estate is poised to enter a new cycle of growth led by emerging markets. According to JLL, the Asia Pacific region, which hosts three of the world’s four most populous countries (mainland China, India, and Indonesia), provides attractive locations and fuels many opportunities for operators and investors.
(Sources: Cushman & Wakefield; Data Centre Magazine; The Business Times)