Feb 03, 2022 | Posted by MadalineDunn
According to Cushman & Wakefield's 2022 Global Data Center Market Comparison report, Singapore now ties with the US's Silicon Valley in its league table of the top data center markets. This means that Singapore is now the top market for data centers in Asia-Pacific, beating Hong Kong (6th place) and Sydney (8th place).
Part of the reason Singapore has ranked so high this year is due to it having the highest median fixed broadband speed in the world. It also scored highly on criteria such as market size and availability of cloud services. According to reports, its business policies, including low tax rates, have also made it an attractive market for data centers.
Singapore has managed to secure this high rating despite the fact that the Republic has had a moratorium on data centers since 2019, which was recently reviewed.
A huge investment has been made into the data center market in Singapore over the years. Since 2011, Google has invested $850 million in data centers, while Digital Realty has injected around $1 billion since 2010.
