With the blessing of digitalization, the global data center market is growing. The United States and Europe currently account for 50% of the global share. China has become the fastest growing market driven by the strong economic development. According to relevant data, the compound growth rate of China's data center market was more than 30% in 2015-2018.
In this context, overseas operators are optimistic about the Chinese market and intend to take advantage of the situation. Hong Kong, Singapore and other places have benefited from stable political conditions and mature business, network, and power infrastructure, which have already become important locations and connection centers for international companies to choose to radiate business in Southeast Asia and even the entire Asia Pacific region. In India, Malaysia, Indonesia and other markets, due to the continuous improvement of infrastructure and the surge in demand, they have gradually received more attention. At the same time, these hot spots will also become bridgeheads for overseas data center service providers in the Chinese market.
Focusing on turning back to China, driven by the demand for e-commerce, games and short video services from overseas, Chinese companies, including BATJ, have also launched globalization strategies. However, due to the limitations of its target market infrastructure, there are no complete and sufficient data center resources available. In this context, it is a good time for domestic data center operators to go abroad. But the huge market driven by Chinese enterprises' overseas demand is far more than that.
As mentioned earlier, due to the huge demand of Chinese enterprises, many overseas market infrastructures cannot meet their needs. In addition to IDC companies, companies such as State Power and Internet will follow closely behind. The huge market driven by this can be imagined.