With growing volumes of data, use cases and applications in the cloud and on-premises, these data centre managers are also constantly under pressure to provide uncompromising reliability and Service Level Agreement performance at the lowest possible cost. The majority (92%) of property players in Singapore acknowledge that the country faces physical and resource constraints that limit expansion and scaling data centre capacity, according to a survey conducted by the National University of Singapore (NUS).
Times are changing as digital transformation initiatives have led to a tidal wave of data. According to Credence Research, the Singapore data centre market is projected to grow from US$1,297 million in 2023 to US$3,039 million by 2032 – rising at a CAGR of 9.53% from 2024 to 2032. This will be driven by the increasing demand for data storage, cloud computing services, and digital transformation initiatives across various industries.
In this data-driven era, storage infrastructure has become a foundational element for businesses of all sizes striving to keep up. This is especially true for hyperscale companies, including major players in search, social, entertainment and e-commerce, where the ability to scale storage in an efficient, cost-effective, and sustainable way is paramount to their success.
