The increased need for data centers can be attributed in part to the pandemic, which has fueled the rise of e-commerce, remote working and cloud computing, all of which transmit large amounts of data through a data center. But not all markets have a sufficient number of such facilities to meet growing demand.
âThe current imbalance between supply and demand in data centers suggests that there are untapped opportunities for investors and operators to increase data center capacity, especially in underserved and underserved markets. data from the region, âsays Roddy Allan, research director, Asia-Pacific, JLL. âData centers are entering the mainstream. “
Development is already underway. In the Philippines, data center company Digital Edge recently formed a US $ 100 million joint venture with a local real estate company to build a 10 megawatt data center in Manila to meet the growing server hosting needs of the technology sector.
During this time, the independent data center operator Mantra Data Centers is committed $ 1 billion to develop data centers in Mumbai, Chennai, Bangalore, Hyderabad and Kolkata, where digital adoption is accelerating. And earlier this year, real estate developer CapitaLand also made its first foray into data centers with its Acquisition of RMB 3.66 billion (US $ 560 million) of a hyperscale data center in Shanghai, China.
“The sheer scale of China, India and Indonesia – three of the four most populous countries in the world – means they are likely to be at the forefront of growth history. regional, âAllan said.