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South Korea Data Center Market to Reach Investment of $5.8 Billion by 2027 – Arizton

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Chicago, June 20, 2022 (GLOBE NEWSWIRE) — According to Arizton latest research report, the South Korea data center market is expected to grow at a CAGR of 6.71% during 2022-2027.  The growing support and initiatives from the government for the development of data centers will lead to attracting new investors to the country. The high adoption of artificial intelligence by the government and other organizations is one of the major factors driving market growth.

South Korea Data Center Market Report Scope

Report Attributes Details
MARKET SIZE (2027) $5.8 Billion
MARKET SIZE (2021) $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) $1,000 Million (2027)
BASE YEAR 2021  
FORECAST YEAR 2022-2027

Click Here to Download the Free Sample Report

Key Insights

  • South Korea is in the Northeast Asian economic zone and has strong trade connectivity with major Asian countries. Seoul is the primary location for data center development, with more than 15 data center facilities contributing around 50% of the existing third-party data center capacity in South Korea.
  • Telecom, cloud, healthcare, BFSI, automobiles, gaming, logistics, and education are some of the industry verticals in South Korea that drive the demand for data centers in South Korea.
  • South Korea has the presence of global cloud service providers such as Amazon Web Services (AWS), Microsoft, Google, Oracle, and Tencent. Some of the local cloud service providers in the country include KT, LG CNS, and SK C&C.
  • The South Korea data center market has witnessed several investments via joint ventures; for instance, in April 2022, Digital Edge and SK ecoplant signed a memorandum of understanding (MOU) to develop a data center facility in Incheon, South Korea.
  • The country has the presence of several free economic zones such as Incheon FEZ, Busan-Jinhae FEZ, Gwangyang Bay Area FEZ, Chungbuk FEZ, and Saemangeum-Gunsan FEZ will drive data center investment in the country in upcoming years.
  • The South Korea Government aims to generate around 35% of energy from renewable energy sources by 2040 in the country. Data center service providers such as NAVER, Equinix, and Digital Realty are using renewable energy to power their data center operations.

South Korea Data Center Market Growth Enablers

  • The South Korean data center market is one of the quickly emerging markets in the APAC region, with growth in investments from global cloud service providers such as AWS, Microsoft, Alibaba, and Google.
  • Several startups in the country are using big data solutions for modifying their business operations. For instance, Coupang, an e-commerce company based in South Korea, is using big data analytics for its e-commerce platform.
  • Growing joint ventures will bring foreign investments to the country as well as attract other investors to invest in data centers. The joint ventures will further create revenue opportunities for vendors and local operators with investments from global firms. Joint ventures are also encouraging global brands to increase their presence in the country and maintain a brand reputation, local market knowledge, and local operations.

Market Segmentation

Infrastructure Type 

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

IT Infrastructure 

  • Server
  • Storage
  • Network

Electrical Infrastructure 

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

Mechanical Infrastructure 

  • Cooling Systems
  • Racks
  • Other Mechanical Infrastructure

General Construction 

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

Tier Segments 

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

Geography 

  • Seoul
  • Other Cities

Vendors Analysis

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 Centers
  • Samsung SDS
  • SC Zeus Data Centers
  • SK Broadband
  • ST Telemedia Global Data Centers

Explore our data center knowledge base profile to know more about the industry.

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals, and materials, IT and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

Click Here to Contact Us

Call: +1-312-235-2040

+1 302 469 0707


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Artificial Intelligence

Computime announces the launch of one of the first true Matter thermostats

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HONG KONG, May 27, 2024 /PRNewswire/ — Computime Group, a leading innovator in manufacturing, branded products and technology solutions, is proud to announce the upcoming launch of one of the first true Matter thermostats. This milestone highlights our commitment to pioneering smart home technology and providing our OEM and ODM customers with state-of-the-art solutions. 

Matter is set to revolutionize the Internet of Things (IoT) landscape as the next-generation standard for connected devices. Developed by the Connectivity Standards Alliance, Matter offers an open, universal protocol that is not bound to any single ecosystem, providing consumers with unparalleled freedom and flexibility. It ensures privacy-sensitive, secure, and reliable local controls without the need for cloud dependency, addressing the growing demand for enhanced privacy and security in smart home devices. 
The key principles driving Matter’s development include simplicity, reliability, interoperability, and security. By ensuring that all Matter-certified devices work seamlessly together, Matter eliminates the complexities often associated with smart home technology. This leads to greater compatibility, easier setup, and more robust user experiences across various device types, including thermostats.
Computime’s Matter thermostat represents a significant advancement in smart home technology, providing our customers with cutting-edge solutions and a short lead time to market, to meet the growing demand for interconnected and efficient home environments. We invite our customers to explore the capabilities of our new thermostat solutions. Computime’s extensive expertise in developing and manufacturing smart home devices ensures that our customers receive high-quality, reliable products with a short lead-time that stand out in the competitive market.
CONTACT: Computime Group, [email protected]

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Artificial Intelligence

GVG featured on the 2024 Africa RegTech Horizon-100 list

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MADRID, May 27, 2024 /PRNewswire/ — Global Voice Group (GVG) now features as one of the top 100 Africa-focused innovative RegTech organizations that are set to power Africa to a $1 billion market size by 2025. 

This acknowledgment bears witness to GVG’s compliance monitoring capabilities within the Mobile Money (MM) ecosystem. GVG developed the Mobile Money Monitoring (M3) solution, an intelligent data platform that supports East African regulatory authorities in monitoring the fast-expanding MM market. Through M3, the authorities can ensure the security and integrity of the related financial transactions, as well as transparency and compliance, for enhanced revenue assurance. M3 currently monitors approximately 25% of the financial flows passing through MM platforms in East Africa, verifying over 90 billion USD worth of transactions annually.
Moreover, the platform is also in use in Central and West Africa, in the Republic of Congo and in Ghana. In Congo, M3 has brought the local telecommunications regulator, the ARPCE, 100% visibility and control over all utility payments made via Mobile Money to the government. In Ghana, it has contributed to an average annual growth of 20% in revenue since its deployment. Overall, M3 has captured, verified and analyzed 1 trillion USD in MM transaction value since 2014.
After demonstrating the relevance, effectiveness, and innovation of the M3 solution to the jury, composed of recognized leaders of the Regtech industry, GVG was shortlisted and, following the voting phase, earned a place on the prestigious list. The M3 platform uses machine learning to ensure effective oversight of the MM market, ensure regulatory compliance and detect suspicious transactions. Since its first implementation in 2013, GVG’s M3 solution has provided the relevant regulatory authorities with reliable MM ecosystem metrics to support data-driven decision-making, promote compliance within the market, and reduce fraud and revenue leakage.
Responding to the announcement, James Claude, GVG’s CEO, declared: “It is with a great sense of achievement that I see GVG featuring among the 100 top RegTech providers in Africa. On behalf of the whole company, I sincerely thank Africa RegTech Horizon, as well as our voters, for supporting us in what we do best: providing governments and regulatory authorities with the market insights they need to address the challenges related to the fast-expanding financial ecosystem.”
The Africa RegTech Horizon-100 list is a directory of African RegTech companies and solution providers compiled to showcase the products and services of the latter, as well as assist financial institutions, regulators, and governments in identifying high-performing and trustworthy RegTech providers.
About GVG
Founded in 1998 and present in 11 countries, Global Voice Group is a global provider of ICT and RegTech solutions for governments and regulatory bodies. GVG assists governments and authorities, through Big Data analytics, in their digital transformation and the effective promotion of compliant and truly inclusive digital ecosystems. The company monitors, collects and analyses data from crucial economic sectors and turns it into actionable information. We promote data-driven decision-making.
Discover GVG’s website: www.globalvoicegroup.com
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Artificial Intelligence

Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT

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HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.

Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
Photo – https://mma.prnewswire.com/media/2421983/image.jpg
Photo – https://mma.prnewswire.com/media/2421640/Live4Well.jpg
Logo – https://mma.prnewswire.com/media/2421641/4725441/Live4Well.jpg
 
 

View original content:https://www.prnewswire.co.uk/news-releases/unlock-an-exclusive-olympic-experience-celebrating-live4wells-sold-out-genesis-nft-302155644.html

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