Singapore is one of the top ideal markets for data centres across the globe, recent reports showed. Singapore was recognised for its ability to attract major investments from the technology industry, thanks to a well-educated workforce and stable government, making it a “natural co-location hub for serving markets across South-east Asia and India”.
This article originally appeared on The Straits Times. You can view the original article here: https://www.straitstimes.com/business/economy/singapore-among-top-10-data-centre-markets-in-the-world-reports
Singapore is one of the top ideal markets for data centres across the globe, recent reports showed.
The Arcadis Data Centre Location Index 2021 ranked Singapore the second most attractive city to build data centres, out of a total of 50 cities. Meanwhile, Cushman & Wakefield’s 2021 Global Data Centre Market Comparison report ranked Singapore’s data centre market fifth out of 48 markets in total – advancing one rank from a year ago.
In Arcadis’ report, the local market was recognised for its ability to attract major investments from the technology industry, thanks to a well-educated workforce and stable government, making it a “natural co-location hub for serving markets across South-east Asia and India”.
To add, while the challenges that Singapore faces include the availability of renewable energy sources and land scarcity, Mr Richard Warburton, Arcadis’ client development director in Singapore, highlighted solutions that are currently being evaluated in the market, such as floating and submersed data centres.
Other solutions include the use of photovoltaic installations, as well as cold energy release from liquefied natural gas and hydrogen cells for on-site power generation.
“The ability to implement robust renewable energy solutions will be key to Singapore maintaining its regional hub position and to meet the ongoing surge in demand,” said Mr Warburton. He added that on top of renewable energy solutions, lowering the actual energy consumption of data centres will also be key.
Clinching a score of 76.86 out of the maximum 100 points – coming in just behind the United States, which had a score of 77.86 points – Singapore also ranked well in areas such as the price of electricity, global cyber security and mean download speed.
However, it scored relatively poorly on energy security and domestic market size, making it “heavily reliant on good relations with its neighbours”.
Arcadis’ index ranks 50 of the world’s key established and emerging markets based on their performance across eight criteria: gross domestic product per capita, dealing with construction permits, price of electricity, energy security, cyber security, domestic market size, the number of mobile broadband subscriptions and mean download speed.
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15 March 2021