TECH - Global Giants KKR Bain Capital Target Asia's Rising Data Center Space Amid AI Cloud Services Upswing | Benzinga
Global investors are turning their attention to Asia, lured by the region’s soaring computing and data storage needs, driven primarily by the surge in artificial intelligence (AI) and cloud services. Private equity firms KKR & Co Inc (NYSE:KKR) and Bain Capital are leading the pack, making substantial investments in data centers across Asia.
What Happened: Global investors view Asia as the next prime target for data center investments, thanks to the region’s swiftly expanding computing and data storage needs. The demand is being propelled by the ongoing AI explosion, cloud services growth from behemoths like Amazon.com Inc (NASDAQ:AMZN) and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), and rising data and storage requirements due to the region’s burgeoning population, according to a Bloomberg report.
According to data from Cushman & Wakefield, demand in Southeast Asia and North Asia is predicted to grow approximately 25% annually until 2028, significantly surpassing the 14% annual growth in the U.S. Both Bain Capital and KKR have already made noteworthy moves in this space. For ...