The Philippines, with a population of 113.2 Mn in 2022, is one of the most lucrative and fastest-growing economies in ASEAN. Moreover, it is also the rising Data Center market amidst the APAC Region with a high potential for growth opportunities. At ken research, we have been closely observing the key factors that have made the Philippines, the prime location for data operators in the world. Read about them in our latest edition that answers why the Philippines has been on the radar of data center operators.
1. Philippines is the top most country in the target of data center providers in South East Asia due to it’s 67% internet connectivity and increasing young population
2. The SEA’s middle-class is forecasted to expand rapidly which will not only accelerate e-commerce growth, but also drive a greater amount of data consumption and data generation
3. With the emergence of smart cities, proliferation of cloud computing technologies, Philippines is one of the rising Data Center sectors amidst the APAC Region with a high potential for growth opportunities
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4. However, high data breach and the threat of cyberattacks are the few restraints in the market but it is forecasted to grow at a higher CAGR as compared to other countries
5. The upcoming Data Centers in Manila, Batangas, Pampanga, Rizal, Laguna, and Cebu region will meet the rising demand for technology adoption in the Philippines and ensure the future growth of the market
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Philippines Data Center Market
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