Data centre race: Singapore betting on quality over scale, say observers
The city-state is pursuing a ‘sustainable’ data centre strategy – but what stands in the way of its ambitions?
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[SINGAPORE] As South-east Asia and the world bet on artificial intelligence (AI), data centres have become one of the hottest investments.
A November report from Fortune Business Insights estimated the global data centre market size at about US$243 billion in 2024, with projected growth to reach about US$270 billion in 2025. Much of this growth is expected to be driven by AI.
Meanwhile, data centre investments could hit US$7 trillion by 2030, with more than half dedicated to computing hardware, according to McKinsey and Company. About 60 per cent of that will be spent outside the US.
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