COTD: Singapore data centre market to grow 12.7% CAGR from 2024-2032

This growth will be propelled by robust demand from enterprises.

The Singapore data centre market is projected to exhibit a growth rate (CAGR) of 12.70% during 2024-2032, IMARC Group reported.

This growth will be driven by Singapore’s strategic location, robust digital infrastructure, and strong demand from cloud service providers and enterprises.

Singapore also puts a strong emphasis on sustainability and energy efficiency within the data centre industry which attracts eco-conscious companies and ensures long-term viability amidst rising energy costs and environmental concerns.

In addition, IMARC Group noted that Singapore's political stability and strong regulatory framework provide a secure and reliable environment for data centre operations.