Singapore Data Center Colocation Market Size to Reach USD 3.02 Billion by 2030 at a CAGR of 5.50%

The Singapore data center colocation market is expected to reach USD 3.02 billion by 2030, rising at a CAGR of 5.50%. The market is driven by the country's persistent demand and moratorium-driven development pauses. Opportunities lie in retrofitting existing facilities to support high-density workloads, such as AI and HPC. The market is expected to see growth in retail and wholesale colocation services, driven by the increasing demand for data storage and processing. Key players in the market include Equinix, ST Engineering, Airtrunk, Nxera, CapitaLand, and China Telecom.

The Singapore data center colocation market is poised for significant growth, with projections indicating a value of USD 3.02 billion by 2030, rising at a CAGR of 5.50% [1]. This growth is driven by persistent demand and development pauses due to moratoriums, presenting opportunities for retrofitting existing facilities to support high-density workloads such as AI and high-performance computing (HPC).

Key drivers of this market expansion include the increasing demand for data storage and processing services. The market is expected to see robust growth in both retail and wholesale colocation services, catering to a wide range of enterprise needs. The presence of major players like Equinix, ST Engineering, Airtrunk, Nxera, CapitaLand, and China Telecom is further fueling this growth.

Recent initiatives by the Singaporean government, such as the launch of the SS 715:2025 standard for energy efficiency in data centers, are also contributing to the market's development. This standard aims to reduce energy consumption of IT equipment by at least 30 percent and supports the adoption of best practices in IT energy management [2].

The market's potential is further underscored by the country's advanced digital infrastructure and strong demand for sustainable and efficient data center solutions. With a focus on high-density power, advanced cooling, and GPU-ready infrastructure, Singapore is well-positioned to attract both local and international investments.

References:
[1] https://www.prnewswire.com/news-releases/data-center-colocation-market-to-grow-at-a-cagr-of-15-6-from-2025-to-2032--skyquest-technology-consulting-302540731.html
[2] https://www.datacenterdynamics.com/en/news/singapore-govt-launches-data-center-efficiency-standard/