According to the reports findings, the Cambodia data centre colocation market was valued at $156.42 million in 2023 and is projected to reach a sum market valuation of $415.56 million by 2032.
The findings project a compound annual growth rate (CAGR) of 12.3 percent for the sector between 2024 and 2032.
The report suggested that the sector’s growth in coming years will be supported by international alliances with major international IT players, leading to more colocation facilities in-country; and a strategic alignment of digitisation with the nation’s long-term socioeconomic and political goals.
Top drivers in the market cited by the report include rising internet penetration and digital transformation initiatives across various sectors, Government incentives and policies supporting data centre industry development, as well as a growing need for disaster recovery and business continuity solutions within the cloud data space.
According to the findings, as of 2023, Cambodia had over 10 million internet users and upwards of 20 million mobile subscriptions, which has meant that the demand for reliable and secure data storage solutions has and continues to escalate.
The increasing volume of data from social media and over-the-top (OTT) platforms within the nation, with over 500 million hours of content streamed monthly as of 2023, is likewise pushing the demand for more colocation facilities.
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Writer: James Whitehead
News: Khmer Times
August 15, 2024
