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SOUTH KOREA DATA CENTER MARKET SIZE WAS VALUED AT USD 3.9 BILLION IN 2021 AND IS EXPECTED TO REACH USD 5.8 BILLION BY 2027, GROWING AT A CAGR OF 6.71% DURING 2022-2027.

South Korea Data Center Market Research Report Includes Size in Terms of 

  • IT Infrastructure: Servers, Storage Systems, and Network Infrastructure
  • Electrical Infrastructure: UPS Systems, Generators, Switches & Switchgears, PDUs, and Other Electrical Infrastructure
  • Mechanical Infrastructure: Cooling Systems, Rack Cabinets, and Other Mechanical Infrastructure
  • Cooling Systems: CRAC & CRAH Units, Chiller Units, Cooling Towers, Condensers & Dry Coolers, Economizers & Evaporative Coolers, and Other Cooling Units
  • General Construction: Core & Shell Development, Installation & commissioning Services, Engineering & Building Design, Fire Detection & Suppression Systems, Physical Security, and Data Center Infrastructure Management (DCIM)
  • Tier Standard: Tier I & Tier II, Tier III, and Tier IV
  • Geography: South Korea (Seoul and Other Cities)

Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022–2027. 

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12 Tables

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49 Companies

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7 Market Segment

SOUTH KOREA DATA CENTER MARKET REPORT SCOPE

Report Attribute Details
Market Size (2027) USD 5.8 Billion
Market Size (2021) USD 3.9 Billion
CAGR (2022-2027) 6.71%
MARKET SIZE (AREA) 348 thousand Sq. Feet (2027)
MARKET SIZE (POWER CAPACITY) 80 MW (2027)
COLOCATION MARKET SIZE (REVENUE) USD 1,000 Million (2027)
BASE YEAR 2021
FORECAST YEAR 2022-2027

MARKET INSIGHTS

South Korea data center market was valued at USD 3.9 billion in 2021 and is expected to reach USD 5.8 billion by 2027, growing at a CAGR of 6.71% from 2022 to 2027. The South Korea data center market is expanding rapidly due to increased data center investments, technology penetration, connectivity, and government initiatives. Strong economic factors, the government's support for foreign investments, availability of renewable energy sources such as solar and wind energy, and personal data protection policy are also among the factors driving the demand for data centers in the country.

KEY HIGHLIGHTS OF THE REPORT

  • South Korea data center market is one of the rapidly growing markets in the APAC region with strong economic factors, government support, digitalization, technology penetration, and growing connectivity with major markets across the globe.
  • The government of South Korea is supporting digitalization in the country with initiatives such as Digital New Deal 2.0, the National Project of Bio Big Data, and investments in artificial intelligence are driving factors for the industry growth.
  • The adoption of renewable energy is gaining traction in the industry driven by government initiatives such as the Government's Green New Deal, which aims at increasing the share of renewable energy in the energy mix to 20% by 2030.
  • Cloud service providers are significantly increasing their presence in South Korea. Global cloud service providers such as Alibaba, Microsoft, Oracle, AWS, and Google have their cloud regions in the country. For instance, in May 2022, AWS announced the availability of its wavelength zone in Seoul based on SK Telecom's network.
  • Global data center operators have also invested in collaboration with other firms in the country. For instance, global colocation data center operator Equinix has formed a joint venture with GIC to develop data centers in the country and is currently developing two data centers in Seoul.
  • The market has also planned developments of data centers by new entrants such as Princeton Digital Group and Pure Data Centres Group. For instance, Pure Data Centres Group had announced a partnership with LOGOS, an Industrial infrastructure development firm, in December 2021 for expansion in the APAC region, including South Korea.

SOUTH KOREA DATA CENTER MARKET OUTLOOK

  • Seoul is the country's major location for data center developments, followed by emerging locations such as Anyang, Hanam, Goyang, Gwangju, Busan, Seongnam, Gimhae, Daegu, Cheongju, Guro, Yongin, Sejong, and Gunsan.
  • South Korea's government has also established several free economic zones such as Incheon FEZ, Busan-Jinhae FEZ, Gwangyang Bay Area FEZ, and Yellow Sea FEZ that will offer space for industrial development with benefits such as tax exemptions.
  • Government steps such as the personal data protection law named Personal Information Protection Act (PIPA) and the establishment of the Korea Data Center Council have strengthened the South Korean data center market.
  • Significant deployment of 5G services and the establishment of smart cities in South Korea will fuel the data traffic and further grow the demand for more data centers in the country.

WHY SHOULD YOU BUY THIS RESEARCH REPORT?

  • Market size available in the investment, area, power capacity, and the South Korea colocation market revenue.
  • An assessment of the data center investment in South Korea by colocation, hyperscale, and enterprise operators.
  • Data center investments in the area (square feet) and power capacity (MW) across cities in the country.
  • A detailed study of the existing South Korea data center market landscape, an in-depth industry analysis, and insightful predictions about the South Korea data center market size during the forecast period.
  • Snapshot of existing and upcoming third-party data center facilities in South Korea
    • Facilities Covered (Existing): 34
    • Facilities Identified (Upcoming): 13
    • Coverage: 13 Cities
    • Existing vs. Upcoming (Data Center Area)
    • Existing vs. Upcoming (IT Load Capacity)
  • Data center colocation market in South Korea
    • Market Revenue & Forecast (2021-2027)
    • Retail and Wholesale Colocation Pricing
    • Retail vs. Wholesale Colocation Market
  • The South Korea data center landscape market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.
  • A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.
  • Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors in the industry.
  • A transparent research methodology and the analysis of the demand and supply aspect of the market.

VENDOR LANDSCAPE

  • South Korea data center market has the presence of several local and global vendors operating across different segments. Some major support infrastructure vendors operating in the industry include AB, Caterpillar, Cummins, Eaton, Fuji Electric, Legrand, Rittal, Schneider Electric, STULZ, and Vertiv.
  • The South Korea data center market is dominated by local construction contractors, including GS E&C, Hyundai Engineering & Construction, POSCO ICT, and Samsung C&T. For instance, Samsung C&T has provided services for the construction of IGIS Asset Management's data center in Hanam.
  • In terms of IT infrastructure, the industry is dominated by global vendors such as Arista Networks, Atos, Cisco Systems, Dell Technologies, Fujitsu, Hewlett Packard Enterprise, IBM, and Lenovo. For instance, Cisco Systems provided its Catalyst 9000 series switches to pharmaceutical company Kolmar Korea for network expansion.

EXISTING VS. UPCOMING DATA CENTERS

  • Existing Facilities in the region(Area and Power Capacity)
    • Seoul
    • Other Cities
  • List of Upcoming Facilities in the region(Area and Power Capacity)

REPORT COVERAGE:

This report analyses the South Korea data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses industry sizing and investment estimation for different segments. The segmentation includes:

  • IT Infrastructure
    • Servers
    • Storage Systems
    • Network Infrastructure
  • Electrical Infrastructure
    • UPS Systems
    • Generators
    • Switches & Switchgears
    • PDUs
    • Other Electrical Infrastructure
  • Mechanical Infrastructure
    • Cooling Systems
    • Rack Cabinets
    • Other Mechanical Infrastructure
  • Cooling Systems
    • CRAC & CRAH Units
    • Chiller Units
    • Cooling Towers, Condensers & Dry Coolers
    • Economizers & Evaporative Coolers
    • Other Cooling Units
  • General Construction
    • Core & Shell Development
    • Installation & commissioning Services
    • Engineering & Building Design
    • Fire Detection & Suppression Systems
    • Physical Security
    • Data Center Infrastructure Management (DCIM)
  • Tier Standard
    • Tier I & Tier II
    • Tier III
    • Tier IV
  • Geography
    • Seoul
    • Other Cities

VENDOR LANDSCAPE

  • IT INFRASTRUCTURE PROVIDERS: Arista Networks, Atos, Cisco Systems, Dell Technologies, Fujitsu, Hewlett Packard Enterprise, IBM, Inspur, Intel, Lenovo and NetApp.
  • DATA CENTER CONSTRUCTION CONTRACTORS & SUB-CONTRACTORS: BEHIVE Architects, DPR Construction, GS E&C, HanmiGlobal, Hyundai Engineering & Construction, ISG, POSCO ICT, SAMOO Architects & Engineers and Samsung C&T.
  • SUPPORT INFRASTRUCTURE PROVIDERS: ABB, Caterpillar, Cummins, Delta Electronics, Eaton, Fuji Electric, Legrand, Mitsubishi Electric, Piller Power Systems, Rittal, Rolls-Royce, Schneider Electric, STULZ and Vertiv.
  • DATA CENTER INVESTORS: Actis, Digital Realty, Equinix, Kakao Corp, KT Corp, LG Uplus, NAVER Corp, NHN Corp, Princeton Digital Group, Pure Data Centres Group, Samsung SDS, SC Zeus Data Centers, SK Broadband and ST Telemedia Global Data Centres.

Frequently Asked Questions

How much is the investment in the South Korea data center market expected to grow?

The South Korea data center market is expected to witness a year-over-year investment of $5.8 Billion by 2027.

How many data centers have been identified in South Korea?

There are 34 existing data centers and 13 upcoming data centers identified in South Korea.

What are the driving factors for the South Korea data center market?

The South Korea market is driven by factors such as growth in investments from cloud service providers, big data & IoT adoption, joint ventures for data center construction, sustainable initiatives, COVID-19, and subsea & inland connectivity growth.

What are the key trends in the South Korea data center market?

Key industry trends include using artificial intelligence, 5G deployment & smart cities, and government initiatives.

Who are key investors in the South Korea data center market in 2022?

Key investors in the South Korea market are LG Uplus, Digital Realty, SK Broadband, KT Corp, Equinix, and others.

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South Korean government has targeted increasing the share of renewable energy to around 20% by 2030 and around 30-35% of the total energy mix by 2040. The presence of global cloud service providers is growing in the country, which is expected to boost wholesale colocation demand. The colocation industry in South Korea is growing with demand from industries such as cloud, healthcare, telecom, BFSI, gaming, and others.

Base Year: 2021

Forecast Year: 2022-2027

The report considers the present scenario of the South Korea data center market and its market dynamics for the forecast period 2022−2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The study includes the demand and supply aspects of the market.

The report segments data center investment by the following areas:

Segmentation by Infrastructure Type 

  • IT Infrastructure
  • Electrical Infrastructure
  • Mechanical Infrastructure
  • General Construction

Segmentation by IT Infrastructure 

  • Server
  • Storage
  • Network

Segmentation by Electrical Infrastructure 

  • Uninterruptible Power Supply (UPS)
  • Generators
  • Transfer Switches and Switchgears
  • PDUs
  • Other Electrical Infrastructure

Segmentation by Mechanical Infrastructure 

  • Cooling Systems
  • Racks
  • Other Mechanical Infrastructure

Segmentation by General Construction 

  • Core and Shell Development
  • Installation and Commissioning Services
  • Building Design
  • Physical Security
  • DCIM

Segmentation by Tier Segments 

  • Tier I & Tier II
  • Tier III
  • Tier IV

Segmentation by Geography 

  • Seoul
  • Other Cities

IT Infrastructure Providers

  • Arista Networks
  • Atos
  • Cisco Systems
  • Dell Technologies
  • Fujitsu
  • Hewlett Packard Enterprise (HPE)
  • IBM
  • Inspur
  • Intel
  • Lenovo
  • NetApp

Data Center Construction Contractors & Sub-Contractors

  • BEHIVE
  • DPR Construction
  • GS E&C
  • HanmiGlobal
  • Hyundai Engineering & Construction
  • ISG
  • POSCO ICT
  • SAMOO Architects & Engineers
  • Samsung C&T

Support Infrastructure Providers

  • ABB
  • Caterpillar
  • Cummins
  • Delta Electronics
  • Eaton
  • Fuji Electric
  • Legrand
  • Mitsubishi Electric
  • Piller Power Systems
  • Rittal
  • Rolls-Royce
  • Schneider Electric
  • STULZ
  • Vertiv

Data Center Investors

  • Actis
  • Digital Realty
  • Dreammark1
  • Equinix
  • Kakao Corp
  • KT Corp
  • LG Uplus
  • NAVER Corp
  • NHN Corp
  • Princeton Digital Group (PDG)
  • Pure Data Centres
  • Samsung SDS
  • SC Zeus Data Centers
  • SK Broadband
  • ST Telemedia Global Data Centres

Chapter 1 Existing & Upcoming Third-Party Data Centers In South Korea

  • Historical Market Scenario
  • 30+ Unique Data Center Properties
  • Data Center IT Load Capacity
  • Data Center White Floor Area Space
  • Existing Vs Upcoming Data Center Capacity by Cities
  • Cities Covered
    • Seoul
  • Other Cities

Chapter 2 Investment Opportunities In South Korea

  • Microeconomic and Macroeconomic factors of South Korea Market
  • Data Center Investments
  • Investment by Area
  • Investment by Power Capacity

Chapter 3 Data Center Colocation Market In South Korea

  • Colocation Services Market in South Korea
  • Retail Colocation Pricing (Quarter Rack, Half Rack, Full Rack) & Add-ons
  • Wholesale Colocation Pricing (per kWh)
  • Retail Colocation & Wholesale Colocation Market Forecast 2022-2027
  • Market Share by Industry

Chapter 4 Market Dynamics

  • Market Drivers
  • Market Trends
  • Market Restraints

Chapter 5 Market Segmentation

  • IT Infrastructure: Market Size & Forecast
  • Electrical Infrastructure: Market Size & Forecast
  • Mechanical Infrastructure: Market Size & Forecast
  • General Construction Services: Market Size & Forecast

Chapter 6 Tier Standard Investment

  • Tier I & II
  • Tier III
  • Tier IV

Chapter 7 Market by Geography

  • Seoul
  • Other Cities

Chapter 8 Key Market Participants

  • IT Infrastructure Providers
  • Construction Contractors
  • Support Infrastructure Providers
  • Data Center Investors

Chapter 9 Appendix

  • Market Derivation
  • Quantitative Summary

LIST OF EXHIBITS

Exhibit 1 Third-Party Data Centers Snapshot

Exhibit 2 Third-Party Data Center Snapshot by Cities

Exhibit 3 Data Center Market Size & Forecast by Investment ($ Billion)

Exhibit 4 Data Center Market Size & Forecast by Area 2021−2027 (Million Square Feet)

Exhibit 5 Market Size & Forecast by Power Capacity 2021−2027 (MW)

Exhibit 6 Data Center Colocation Service Revenue: Market Size & Forecast by 2021−2027 ($ Billion)

Exhibit 7 Retail vs. Wholesale Colocation Revenue: Market Size & Forecast by 2021−2027 ($ Billion)

Exhibit 8 Retail & Wholesale Colocation Pricing 2021

Exhibit 9 Market by Industry (% Share)

Exhibit 10 Market Size & Forecast by IT Infrastructure 2021−2027 ($ Million)

Exhibit 11 Market Size & Forecast by Electrical Infrastructure 2021−2027 ($ Million)

Exhibit 12 Market Size & Forecast by Mechanical Infrastructure 2021−2027 ($ Million)

Exhibit 13 Market Size & Forecast by Cooling Systems 2021−2027 ($ Million)

Exhibit 14 Market Size & Forecast by General Construction 2021−2027 ($ Million)

Exhibit 15 Market Size & Forecast by Tier Standards 2021−2027 ($ Million)

Exhibit 16 Market Size & Forecast in Seoul by Investment ($ Million)

Exhibit 17 Market Size & Forecast in Seoul by Area 2021−2027 (Thousand Square Feet)

Exhibit 18 Market Size & Forecast in Seoul by Power Capacity 2021−2027 (MW)

Exhibit 19 Market Size & Forecast in Other Cities by Investment ($ Million)

Exhibit 20 Market Size & Forecast in Other Cities by Area 2021−2027 (Thousand Square Feet)

Exhibit 21 Market Size & Forecast in Other Cities by Power Capacity 2021−2027 (MW)

LIST OF TABLES

Table 1 List of Upcoming Data Center Projects

Table 2 Data Center Site Selection Criteria

Table 3 Overall Market Size & Forecast 2021−2027

Table 4 Market Size & Forecast by Infrastructure 2021−2027 ($ Million)

Table 5 Market Size & Forecast by IT Infrastructure 2021−2027 ($ Million)

Table 6 Market Size & Forecast by Electrical Infrastructure 2021−2027 ($ Million)

Table 7 Market Size & Forecast by Mechanical Infrastructure 2021−2027 ($ Million)

Table 8 Market Size & Forecast by Cooling Systems 2021−2027 ($ Million)

Table 9 Market Size & Forecast by General Construction 2021−2027 ($ Million)

Table 10 Investment Market Size & Forecast by Tier Standards 2021−2027 ($ Million)

Table 11 Investment Market Size & Forecast by Seoul 2021−2027 ($ Million)

Table 12 Investment Market Size & Forecast by Other Cities 2021−2027 ($ Million)

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