Dublin, Aug. 26, 2024 (GLOBE NEWSWIRE) — The “Asia Pacific Floating Data Center Market: Distributed Computing Model, Data Center Type, Data Center Capacity, Country Focused Analysis and Forecast, 2023-2033” report has been added to ResearchAndMarkets.com.
The floating data center market in Asia Pacific is valued at $198.23 million in 2023 and is expected to reach $629.67 million in 2033, exhibiting a robust CAGR of 12.25% during the forecast period 2023-2033. Rising demand for edge computing is the key factor driving the growth of the floating data center market. Edge computing is a technique of processing data closer to the source instead of in centralized data centers, which has led to an increased demand for new solutions such as floating data centers.
The floating data center market in Asia Pacific is rapidly emerging as a key segment of the large scale data center industry, driven by the growing demand for efficient, scalable and sustainable data storage solutions. Installed on ships or offshore platforms, floating data centers offer a variety of advantages, including improved cooling efficiency, reduced land utilization and disaster resilience.
Asia-Pacific countries, including Japan, Singapore, and China, with their advanced maritime infrastructure and strong focus on technological innovation, are at the forefront of implementing this innovative approach. The region's expanding digital economy, coupled with increasing data consumption and the drive for greener IT solutions, is driving market growth.
Investment in floating data centers is supported by collaboration between technology companies, the shipping industry, and government initiatives aimed at promoting sustainable development. As digital transformation and environmental sustainability continue to be priorities in Asia Pacific, the floating data center market is expected to grow significantly, offering a powerful solution to meet the region's growing data demands.
Report Scope:
Product/Innovation Strategy: The product segment helps the reader understand the various applications and product segments of floating data centers, as well as their regional potential. In addition, the study provides the reader with a detailed understanding of the various regulations, consortia, associations, and government programs that will impact floating data center manufacturers for various purposes including data centers.
Growth/Marketing Strategies: The Asia Pacific floating data center market has witnessed significant developments by the key players operating in the market such as business expansion, partnerships, collaborations, and joint ventures. The preferred strategy of companies is partnerships, collaborations, and joint venture activities to strengthen their position in the APAC floating data center market.
Competitive Strategies: The key players in the Asia Pacific floating data center market analyzed and profiled in this study include floating data center infrastructure manufacturers, including the impact of different product types, service offering applications, market segments covered by regional presence, and key market strategies adopted. Additionally, a detailed competitive benchmarking of players operating in the global floating data center market has been undertaken to help readers understand the competitive dynamics among the players, illustrating a clear market situation. Moreover, a comprehensive competitive strategy including partnerships, agreements, and collaborations helps readers understand the untapped revenue pockets of the market.
Key attributes:
Report AttributesDetailsNumber of Pages54Forecast Period2023 – 2033Estimated Market Value in 2023 (USD)$198.23 millionForecasted Market Value through 2033 (USD)$629.67 millionCAGR12.2%Target RegionAsia-Pacific
Key topics:
1 Market: Floating Data Center Market Outlook
1.1 Trends: Current status and future impact assessment
1.1.1 LNG-powered floating data center
1.1.2 Hydrogen-powered floating data center
1.2 Market Trends Overview
2. Region
2.1 Regional Overview
2.2 Drivers and Restraints
2.3 Asia Pacific
2.3.1 Business Drivers
2.3.2 Business Challenges
2.3.3 Applications
2.3.4 Products
2.3.5 Asia Pacific (by country)
2.3.5.1 China
2.3.5.2 Singapore
2.3.5.3 Rest of Asia Pacific
Three Markets – Competitive Landscape and Company Profiles
3.1 Competitive Environment
3.2 Company Profile
3.2.1 Beijing Highlander Digital Technology Co., Ltd.
3.2.2 Keppel Data Centres Pte Ltd.
Four growth opportunities and recommendations
For more information on this report, please visit: https://www.researchandmarkets.com/r/fhdurj
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Asia Pacific Floating Data Center Market
