Asia is becoming the latest hunting ground for global investors in data centers, as companies from KKR & Co. to Bain Capital bet on the region¡¯s growing computing and data storage needs following an artificial intelligence boom.
Like in the U.S., Asia is seeing a surge in demand for data centers as giants like Amazon and Alphabet¡¯s Google boost cloud services, the recent generative AI wave fuels data and capacity requirements, and the region¡¯s growing population spurs storage needs.
Demand in Southeast Asia and North Asia is expected to expand about 25% a year through 2028, according to Cushman & Wakefield data. That compares with 14% a year in the U.S.
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