Singapore Data Center Market Report 2021: Investment Analysis and Growth Opportunities - Market will Witness Investments of $5 Billion by 2026
May 19, 2021 08:38 ET
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Research and Markets
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Singapore data center market size will witness investments of USD 5 billion by 2026
This report on the Singapore Data Center market offers an elaborative analysis of the existing and upcoming facilities, datacenter investments in terms of IT, electrical, mechanical infrastructure, general construction, and geography. It discusses market sizing and estimation for different segments with respect to the investment in the facilities.
According to the Government Technology Singapore, the government spent around USD 3.5 billion on ICT procurement in FY20, focusing on the development of new tech tools to respond to the COVID-19 pandemic, the development of citizen- and business-centric digital services, development of ICT systems on the cloud region, modernization of government ICT infrastructure; and application of data analytics, artificial intelligence (AI) and sensors in the public sector.