Southeast Asia Data Center Market to grow by USD 3.69 billion between 2023 – 2028, Growth Driven by Rise in adoption of multi-cloud and network upgrades

The Data Center Market report for Southeast Asia by Technavio, shows a potential growth of USD 3.69 billion between 2023 and 2028. The increase is due to the rise in multi-cloud and network upgrades adoption, and the implementation of 5G technologies. However, increasing power consumption challenges its growth. Sector-wise, the BFSI segment, which produces large amounts of data requiring management and storage, will be significant.