South Korea Data Center Construction Market Size & Outlook
South Korea data center construction market, 2018-2030 (US$M)
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South Korea data center construction market highlights
- The South Korea data center construction market generated a revenue of USD 5,111.4 million in 2023 and is expected to reach USD 9,276.7 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.9% from 2024 to 2030.
- In terms of segment, it infrastructure was the largest revenue generating infrastructure in 2023.
- Power Distribution & Cooling Infrastructure is the most lucrative infrastructure segment registering the fastest growth during the forecast period.
Data center construction market data book summary
| Market revenue in 2023 | USD 5,111.4 million |
| Market revenue in 2030 | USD 9,276.7 million |
| Growth rate | 8.9% (CAGR from 2023 to 2030) |
| Largest segment | It infrastructure |
| Fastest growing segment | Power Distribution & Cooling Infrastructure |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | IT Infrastructure, Power Distribution & Cooling Infrastructure, Miscellaneous Expenses |
| Key market players worldwide | Cisco Systems Inc, Dell Technologies Inc Ordinary Shares - Class C, Fujitsu Ltd, Hewlett Packard Enterprise Co, Huawei Technologies, International Business Machines Corp, Acer Inc DR, Lenovo Group Ltd, Oracle Corp, inSpur, Ascenty, ABB Ltd, Hitachi Ltd, Equinix Inc, Schneider Electric SE, KION GROUP AG, Vertiv Holdings Co Class A, Gensler, HostDime, IPXON Networks |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.3% of the global data center construction market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China data center construction market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 9,276.7 million by 2030.
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Data Center Construction Market Scope
Data Center Construction Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea data center construction market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to data center construction market will help companies and investors design strategic landscapes.
It infrastructure was the largest segment with a revenue share of 92.59% in 2023. Horizon Databook has segmented the South Korea data center construction market based on it infrastructure, power distribution & cooling infrastructure, miscellaneous expenses covering the revenue growth of each sub-segment from 2018 to 2030.
The growing demand for cloud services by SMEs, information security regulations by local governments, and increasing investment by domestic entrepreneurs are some of the key factors driving the demand for the construction of new data center facilities market in South Korea.
For instance, in August 2023, the Ministry of Trade, Industry, and Energy signed a Memorandum of Understanding (MoU) with the Korea Electric Power Corporation, the municipal government of Jeollanam-do province, Jeonnam Development Corporation, Haenam district, and 7 investment companies to facilitate the construction of a new data center complex.
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Our clientele includes a mix of data center construction market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea data center construction market , including forecasts for subscribers. This country databook contains high-level insights into South Korea data center construction market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea data center construction market size, by infrastructure, 2018-2030 (US$M)
South Korea Data Center Construction Market Outlook Share, 2023 & 2030 (US$M)
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