South Korea Data Center Colocation Market - Supply & Demand Analysis 2024-2029

COLOCATION DEMAND AND SUPPLY HIGHLIGHTS

The South Korea data center colocation market size was valued at USD 800 million in 2023 and is expected to reach USD 1.42 billion by 2029, growing at a CAGR of 10.04% during the forecast period. South Korea has about 43 operational colocation data centers and most of the colocation data centers are being developed according to Tier III standards. The South Korea data center colocation market has the presence of several local colocation operators which include LG Uplus, KT Cloud, SK Broadband, LG CNS, KINX, and among others.

The South Korea data center colocation market also has the presence of a few regional and global data center operators which include Equinix, Digital Realty, Telehouse (KDDI), Digital Edge DC, Epoch Digital (Actis), and others. The market is also witnessing a few new entrants which include OneAsia Network, Empyrion Digital, STACK Infrastructure, DCI Data Centers, Macquarie Asset Management, and among others. Furthermore, Seoul serves as a central hub for data centers in South Korea, featuring the highest concentration of data center facilities in the country. In September 2024, the city had approximately 23 existing data center facilities with a combined core and shell area exceeding 1,977.1 thousand square feet.

The South Korea data center colocation market has significant potential for growth during the forecast period. The average occupancy of data center facilities here is expected to reach about 94%, indicating that the vacancy rate will only be about 6% or less, by 2029. Moreover, the market is growing rapidly, driven by increasing internet penetration, rising data consumption, and booming cloud-technology adoption by several companies across the country, offered by tech giants like Microsoft, Oracle, and Google.

WHATS INCLUDED?

1. Transparent research methodology and insights on the market's colocation of demand and supply.
2. Market size is available in terms of utilized white floor area, IT power capacity, and racks.
3. Market size available in terms of Core & Shell Vs Installed Vs Utilized IT Power Capacity along with the occupancy %.
4. An assessment and snapshot of the colocation investment regarding core & shell area, power, and rack in South Korea and a comparison between other APAC countries.
5. The study of the existing South Korea data center industry landscape and insightful predictions about industry size during the forecast period.
6. An analysis of the current and future colocation demand in South Korea by several industries. 
7. Study on sustainability status in the region
8. Analysis of current and future cloud operations in the region.
9. Snapshot of upcoming submarine cables and existing cloud-on-ramps services in the region.
10. Snapshot of existing and upcoming third-party data center facilities in South Korea
11. Facilities Covered (Existing): 43
12. Facilities Identified (Upcoming): 16
13. Coverage: 13+ locations
14. Existing vs. Upcoming (White Floor Area)
15. Existing vs. Upcoming (IT Load Capacity)
16. Data Center Colocation Market in the South Korea
17. Colocation Market Revenue & Forecast (2023-2029)
18. Retail Colocation Revenue (2023-2029)
19. Wholesale Colocation Revenue (2023-2029)
20. Retail Colocation Pricing along with Addons
21. Wholesale Colocation Pricing along with the pricing trends. 
22. An analysis of the latest trends, potential opportunities, growth restraints, and prospects for the South Korea data center colocation market.
23. Competitive landscape, including industry share analysis by the colocation operators based on IT power capacity and revenue.
24. The vendor landscape of each existing and upcoming colocation operator is based on the existing/ upcoming count of data centers, white floor area, IT power capacity, and data center location.

TARGET AUDIENCE

1. Real Estate Investment Trusts
2. Construction Contractors
3. Infrastructure Providers
4. New Entrants
5. Consultants/Consultancies/Advisory Firms
6. Corporate & Governments Agencies