Report

The South Korea data center market size by investments is expected to grow at a CAGR of 12.07% from 2024 to 2030.

SOUTH KOREA DATA CENTER MARKET KEY HIGHLIGHTS

- South Korean government plans to increase the use of renewable energy, and the country targets to use around 20% renewable energy by 2030 and around 35% by 2040. In addition, the country aims to achieve carbon neutrality by 2050.
- In South Korea, government initiatives and the country's infrastructure fuel AI. In addition, there are around 1,000 AI companies in South Korea that provide AI-related services across the country. For instance, in December 2024, the government of South Korea announced that it had plans to invest around USD 2.9 billion with private sector companies to build a national artificial intelligence (AI) computing center by 2030. Moreover, the government aims to expand AI computing infrastructure, deploy AI technologies, and provide AI training.
- The government of South Korea has taken several initiatives to skill up the country's people according to the industry demand. For instance, in 2021, the government of South Korea announced that it had launched the K-Digital Platform (KDP) to improve digital skills across the country. This platform works as a bridge between local companies and local governments, and it provides digital lectures to students, working professionals, and job seekers to enhance their digital skills through vocational training programs. In 2021, the KDP platform operated in around 20 locations, and it plans to expand its presence to around 60 locations by 2025.
- The demand for cloud computing in South Korea witnessed significant growth, creating promising opportunities for cloud investors. This expansion is driven by government initiatives, rising cybersecurity threats, and increased use of digitalization in different sectors and industries. For instance, in March 2024, the South Korean government announced a major plan to invest around USD 91 million in cloud computing to boost the cloud industry in the country.
- With the development of AI-ready data centers in the market, the demand for liquid cooling solutions is also expected to grow. The Busan Data Center Campus of OneAsia Network, located in Busan, will use immersion cooling technology in the Cooling system, and it is expected to be operational by Q4, 2025.

WHY SHOULD YOU BUY THIS RESEARCH?

- Market size available in the investment area, power capacity, and the South Korea colocation market revenue.
- An assessment of the data center investment in South Korea by colocation, hyperscale, and enterprise operators.
- Data center investments in the area (square feet) and power capacity (MW) across cities in the country.
- A detailed study of the existing South Korea data center market landscape, an in-depth market analysis, and insightful predictions about the South Korea data center market size during the forecast period.
- Snapshot of existing and upcoming data center facilities in South Korea
o Facilities Covered (Existing): 43
o Facilities Identified (Upcoming): 13
o Coverage: 12+ Cities
o Existing vs. Upcoming (Data Center Area)
o Existing vs. Upcoming (IT Load Capacity)
- Data center colocation market in South Korea
o Colocation Market Revenue & Forecast (2021-2030)
o Retail vs Wholesale Colocation Market Revenue & Forecast (2021-2030)
o Retail & Wholesale Colocation Pricing
- The South Korea data center landscape market investments are classified into IT, power, cooling, and general construction services, with sizing and forecast.
- A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.
- Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.
- A transparent research methodology and the analysis of the demand and supply aspects of the industry.

SOUTH KOREA DATA CENTER MARKET VENDOR ANALYSIS

- Some of the key colocation data center investors in the South Korea data center market include Equinix, Digital Realty, Telehouse (KDDI), KINX, Hostway, LG CNS, LG Uplus, SK broadband, KT Cloud, Dreammark1 Corporation, Digital Edge, Epoch Digital, and others.
- In South Korea, multiple real estate and investment firms have entered the South Korea data center market by acquiring local data center operators. For instance, in August 2024, Macquarie Asset Management announced that it had acquired the Hanam Data Centre located in Seoul.
- The rising demand and significant growth opportunities have led to a huge number of new entrants investing in the South Korea data center market. Some of these new entrants include Empyrion Digital, DCI Data Centers, Macquarie Asset Management, OneAsia Network, ST Telemedia Global Data Centres, and STACK Infrastructure. It will increase the competitiveness of the data center market, and it will also increase the revenue of the data center market.

EXISTING VS. UPCOMING DATA CENTERS IN SOUTH KOREA

- Existing Facilities in the Region (Area and Power Capacity)
o Seoul
o Other Cities
- List of Upcoming Facilities in the Region (Area and Power Capacity)
o Seoul
o Other Cities

IT Infrastructure Providers
- Arista Networks
- Atos
- Cisco Systems
- Dell Technologies
- Fujitsu
- Hewlett Packard Enterprise
- IBM
- Inspur
- Intel
- Lenovo
- NetApp

Data Center Construction Contractors & Sub-Contractors
- BEHIVE Architects
- DPR Construction
- GS E&C
- HanmiGlobal
- Heerim Architects & Planners
- Hyundai Engineering & Construction
- ISG
- POSCO DX
- SAMOO Architects & Engineers
- Samsung C&T
- Shinhan Architects & Engineers

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
- Digital Edge
- Digital Realty
- Dreammark1
- Epoch Digital
- Equinix
- Hostway IDC
- KT Corp
- LG CNS
- LG Uplus
- Microsoft
- SK Broadband

New Entrants
- Empyrion Digital
- DCI Data Centers
- Macquarie Asset Management
- OneAsia Network
- ST Telemedia Global Data Centres
- STACK Infrastructure

REPORT COVERAGE:

This report analyses the South Korea data center market share. It elaborately analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments. The segmentation includes:

- IT Infrastructure
o Servers
o Storage Systems
o Network Infrastructure
- Electrical Infrastructure
o UPS Systems
o Generators
o Transfer Switches & Switchgears
o PDUs
o Other Electrical Infrastructure
- Mechanical Infrastructure
o Cooling Systems
o Rack Cabinets
o Other Mechanical Infrastructure
- Cooling Systems
o CRAC & CRAH Units
o Chiller Units
o Cooling Towers, Condensers & Dry Coolers
o Other Cooling Units
- General Construction
o Core & Shell Development
o Installation & Commissioning Services
o Engineering & Building Design
o Fire Detection & Suppression Systems
o Physical Security
o Data Center Infrastructure Management (DCIM)
- Tier Standard
o Tier I & Tier II
o Tier III
o Tier IV
- Geography
o Seoul
o Other Cities

KEY QUESTIONS ANSWERED:

1. How big is the South Korea data center market?
2. How many existing and upcoming data center facilities exist in South Korea?
3. How much MW of power capacity will be added across South Korea during 2025-2030?
4. What is the growth rate of the South Korea data center market?
5. Who are the key investors in the South Korea data center market?
6. What factors are driving the South Korea data center market?