【BCG】2024年东南亚数据中心市场发展报告算力需求激增驱动数据中心迅猛增长_17页_8mb

Summary of Southeast Asia's Data Center Growth

Core Content

Southeast Asia's data center (DC) market is undergoing a significant transformation, entering a new phase of growth driven by increasing compute demands, particularly from artificial intelligence (AI). The region has already seen impressive growth over the past few years, with the market transitioning through Phase I and II, and is now poised for exponential expansion in Phase III.

Main Phases of Growth

Phase I (2014–2018)

• Singapore emerged as a regional DC hub.
• Capacity was primarily sourced from existing APAC hubs like Australia, Hong Kong, and Japan.

Phase II (2019–2023)

• DC capacity more than doubled from ~0.8 GW to ~1.7 GW.
• The Singapore-Johor-Batam (SJB) corridor became a major growth driver.
• Singapore imposed a moratorium on dedicated DC development from 2019 to 2022, which indirectly encouraged growth in other countries.
• Indonesia, Malaysia, and Thailand showed strong in-country growth, with Indonesia achieving ~21% CAGR and the Philippines, Thailand, and Vietnam showing ~14% CAGR collectively.

Phase III (2024–2030)

• Projected to triple DC demand to between 5.2 GW and 6.5 GW by 2030.
• AI adoption will be a major catalyst, with AI compute demand expected to grow at 10x over this period.
• Traditional compute will also grow, doubling from 2023 levels to 4.0 GW to 4.5 GW.

Key Demand Drivers

• Increasing digitization: The digital economy in Southeast Asia grew from $102 billion to $219 billion between 2019 and 2023, with e-commerce being the largest contributor.
• Enterprise spending on cloud and AI: Enterprises are investing more in cloud services and AI, leading to greater infrastructure needs.
• Advanced data analytics: The market for data analytics grew from $59 billion to $95 billion between 2019 and 2023, pushing demand for high-capacity compute.

AI Compute Trends

• AI compute is split into training and inferencing.
• Training involves complex models and requires heavy compute, advanced cooling, and compatibility.
• Inferencing is becoming the dominant growth area, expected to grow 25x, driven by real-time applications and increasing accessibility.
• AI training demand will be led by hyperscalers, while inferencing will see broader enterprise adoption.

Supply Drivers

• Infrastructure upgrades: Southeast Asia has seen significant growth in bandwidth, accounting for ~40% of cross-Asian international bandwidth.
• Hyperscaler and colocation provider involvement: Major players like Microsoft, Huawei, and Alibaba are expanding their presence in the region.
• Data protection regulations: Moderate regulations in Southeast Asia encourage providers to build in-country footprints to meet local data privacy and sovereignty needs.

Forecasted DC Demand by Location

• In-country demand is expected to account for up to 2.2 GW, with Malaysia (excluding Johor) and Indonesia (excluding Batam) leading.
• In-region demand, particularly in the SJB corridor, will be the largest, with Johor expected to lead with up to 1.5 GW.
• Singapore will grow to 1.5 GW to 1.7 GW by 2030, despite current moratoriums.
• Batam is expected to see 0.2 GW to 0.3 GW of growth.

Strategic Considerations for Suppliers

• Supplier Archetypes: Southeast Asia hosts all five main DC supplier archetypes:

  • Hyperscalers (own-build)
  • International colocation providers
  • Regional players
  • Local champions
  • Telco and telco-aligned providers

• Strategic Questions:

  • Which demand segments represent our "natural" right to win?
  • Which segments should we expand into based on inherent advantages?
  • Which segments will require a re-think of current capabilities?
  • Which AI compute segments should we extend into and build a strategic moat?
  • Which attributes should we double down on to continue winning across target segments?

Key Opportunities

• SJB Corridor: Expected to be the main growth engine, with Johor emerging as a major regional hub.
• Renewable Energy: Increasing use of renewable energy sources is a key enabler for sustainable DC growth.
• Government Support: Targeted policies and investments are accelerating the development of local and regional DC ecosystems.
• Infrastructure Improvements: Expansion of subsea cables, improved connectivity, and enhanced power transmission are critical for future growth.

Conclusion

Southeast Asia is at the forefront of global DC transformation, with AI adoption and digitalization driving unprecedented growth. The region's DC industry is expected to see a tripling of demand by 2030, with the SJB corridor playing a central role. As the market evolves, suppliers must adapt their strategies to meet the shifting needs of traditional and AI compute, leveraging local and regional opportunities to secure a competitive advantage.