Asia Pacific Data Center Market to Hit $7167 Billion by 2032

Growing Demand for Cloud Services and Data Storage Drives Market Expansion

The Asia Pacific data center market is poised for significant growth in the coming years, with analysts predicting it will reach US $7167 billion by 2032 at a compound annual growth rate (CAGR) of 12.59%. This growth is driven by the increasing adoption of cloud services and the burgeoning need for data storage across various industries in the region.

Key Market Statistics

• In 2023, the market was valued at US $2466 billion.
• By 2030, it is projected to reach US $7729 billion at a CAGR of 13.5%.
• The market is projected to expand by US $4701 billion between 2024 and 2032 at a CAGR of 12.59%.