The data center market in South Korea will reach an investment of $ 5.8

Chicago, June 20, 2022 (GLOBE NEWSWIRE) – According to the latest Arizton research report, the data center market in South Korea is expected to grow with a CAGR of 6.71% in 2022-2027. Growing support and initiatives by of the government for the development of data centers will lead to attracting new investors to the country. The high perception of artificial intelligence by the government and other organizations is one of the main factors driving market growth.

Scope of the report on the data center market in South Korea

Attributes of the report Details
MARKET SIZE (2027) $ 5.8 billion
MARKET SIZE (2021) $ 3.9 billion
CAGR (2022-2027) 6.71%
MARKET SIZE (AREA) 348 thousand square feet (2027)
MARKET SIZE (POWERFUL CAPACITY) 80 MW (2027)
COLLOCATION MARKET SIZE (REVENUE) $ 1,000 million (2027)
MAIN YEAR 2021
FORECAST YEAR 2022-2027

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Key insights

  • South Korea is located in the economic zone of Northeast Asia and has strong trade ties with major Asian countries. Seoul is the main place for the development of data centers, with more than 15 data center facilities, which contribute to about 50% of the existing capacity of third-country data centers in South Korea.
  • Telecom, cloud, healthcare, BFSI, automotive, gaming, logistics and education are some of the industrial verticals in South Korea that are driving demand for data centers in South Korea.
  • South Korea has a presence of global cloud service providers such as Amazon Web Services (AWS), Microsoft, Google, Oracle and Tencent. Some of the local cloud service providers in the country include KT, LG CNS and SK C&C.
  • The South Korean data center market has witnessed several joint ventures; for example, in April 2022, Digital Edge and SK ecoplant signed a Memorandum of Understanding (MOU) to develop a data center in Incheon, South Korea.
  • The country has the presence of several free economic zones such as Incheon FEZ, Busan-Jinhae FEZ, Gwangyang Bay Area FEZ, Chungbuk FEZ and Saemangeum-Gunsan FEZ will stimulate investment in data centers in the country in the coming years.
  • The South Korean government aims to generate about 35% of its energy from renewable sources by 2040 in the country. Data center service providers such as NAVER, Equinix and Digital Realty use renewable energy to power their data center operations.

Funds for the growth of the data center market in South Korea

  • The South Korean data center market is one of the fastest growing markets in the APAC region, with increasing investment from global cloud service providers such as AWS, Microsoft, Alibaba and Google.
  • Several startups in the country use big data solutions to modify their business operations. For example, Coupang, an e-commerce company based in South Korea, uses big data analysis for its e-commerce platform.
  • The growing joint ventures will bring foreign investment into the country, as well as attract other investors to invest in data centers. The joint ventures will further create revenue opportunities for suppliers and local operators with investments from global companies. The Joint Undertakings also encourage global brands to increase their presence in the country and maintain the brand reputation, knowledge of the local market and local operations.

Market segmentation

Type of infrastructure

  • IT infrastructure
  • Electrical infrastructure
  • Mechanical infrastructure
  • General construction

IT infrastructure

Electrical infrastructure

  • Uninterruptible Power Supply (UPS)
  • Generators
  • Switches and switchgear
  • PDU
  • Other electrical infrastructure

Mechanical infrastructure

  • Cooling systems
  • Shelves
  • Other mechanical infrastructure

General construction

  • Core and shell development
  • Installation and commissioning services
  • Design of buildings
  • Security guards
  • DCIM

Stage segments

  • Level I and level II
  • Stage III
  • Level IV

Geography

Supplier analysis

IT infrastructure providers

  • Arista Networks
  • Athos
  • Cisco Systems
  • Dell Technologies
  • Fujitsu
  • Hewlett Packard Enterprise (HPE)
  • IBM
  • Inspur
  • Intel
  • Lenovo
  • NetApp

Contractors and subcontractors of data centers

  • HOLD ON
  • Construction of the DNR
  • GS E&C
  • HanmiGlobal
  • Hyundai Engineering and Construction
  • ISG
  • POSCO ICT
  • SAMOO architects and engineers
  • Samsung C&T

Maintenance infrastructure providers

  • ABB
  • Caterpillar
  • Cummins
  • Delta electronics
  • Ethan
  • Fuji Electric
  • Legrand
  • Mitsubishi Electric
  • Piller Power Systems
  • Rital
  • Rolls Royce
  • Schneider Electric
  • STULZ
  • Vertiv

Investors in data centers

  • Actis
  • Digital Realty
  • Dreammark1
  • Equinix
  • Cocoa Corp.
  • KT Corp
  • LG Uplus
  • NAVER AD
  • NHN Corp
  • Princeton Digital Group (PDG)
  • Clean data centers
  • Samsung SDS
  • SC Zeus data centers
  • SK broadband access
  • ST Telemedia Global Data Centers

Browse our Knowledge Base Profile in the Data Center to learn more about the industry.

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