DreamMark1: Shaping Korea’s tech dreams
South Korean technology solutions provider DreamMark1 is planning to expand its operations.
As a part of this initiative, DreamMark 1 is increasing its server footprint, in excess of 400 racks and an ICT floor, for an exclusive high electric power zone this year.
Along with this expansion, it is also planning to upgrade its existing Internet Data Centre (IDC) facilities including sourcing a site and starting construction for new hyperscale level 2 IDC in 2021.
This means that DreamMark1 will make a shift towards becoming a total ICT solution platform company in 2021.
“We will provide integrated IT solutions through consulting, deployment, operations, and service management, expanding our Cloud offerings to include multi-cloud and AI solutions this year,” said Mr. Ji Chang Yu, CEO of DreamMark1.
In this era of hyper-globalization and hyper-connectivity, DreamMark1 pursues the business of a total ICT solution platform company that provides the optical network infrastructure for AI, big data, cloud, 5G service providers, and the cloud MSP for data storage, management, processing. DreamMark1 is moving forward with limitless connectivity between customers and neutral IDC’s including zero-contact solutions in the period of Fourth industrial revolution, popularly referred to as Industry 4.0.
As a first in South Korea, DreamMark1 has self-built a 57,000 km optical cable carrier neutral operator, accessible to all customers. “Based on the expertise of 56 computer centers in Korea for more than two decades, this IDC has been optimized from both technology and operational perspective,” said Mr. Ji Chang Yu.
Located in Seoul, DreamMark1 IDC has excellent access to airports, finance, and communication channels. Its customers are also the only ones who have access to it, ensuring maximum security. The Data Centre’s presence gives an option to build affordable, competitive networks in any region of choice.
Furthermore, DreamMark 1 also has plans to launch a multi-cloud hub service launch, as well as expanding its Asia-oriented network service business through Hong Kong/Japan POP configuration. It is also a Global Cloud Provider (GCP) which provides its own VPC service. “We want to expand the 2nd IDC and DCI services as a hub in East Asia,” said Mr. Ji Chang Yu.
Running a world-class IDC
As COVID-19 wreaked havoc amongst lives and livelihoods globally, governments were forced to come up with fiscal incentives to help people navigate this situation. Recently, the South Korean government launched a range of fiscal stimulus measures. One such measure was the “Digital New Deal”, which aims to rewrite Korea- from eco-friendly automobiles to sustainable living.
This involves the Korean government’s plans to invest capital and support the creation of 903,000 jobs. With the aim to accelerate the transition towards a digital economy, investment will focus on the integration of Data, Network and AI (DNA) throughout the economy.
In line with this, through dedicated lines that connect major Data Centres with NNI investments, DreamMark1 aims to expand customers’ dedicated OP room for the convenience of operation, as a completely neutral Data Centre.
Domestic data consumption will experience high growth and domestic IP traffic is to increase about 2.5 times by 2022 compared to 4.6 exabytes per month in 2017, according to Savills Research. The 5G technology market on active commercial adoption is forecast to expand by 62 per cent annually on average during the next five years to 2025. The domestic OTT market is also expected to grow annually at an average rate of 28 per cent from 2014 to 2020. In addition, domestic cloud service spending is forecast to grow at an average annual rate of 18 per cent to 2022 compared to 2018.
Additionally, according to Cisco, IP traffic in the Asia-Pacific region is forecast to rise at an average annual rate of 32 per cent from 2017 to 2022, and its proportion of the worldwide total will continue to rise during the same period. Factors contributing to more data usage in Asia-Pacific include high bandwidth connectivity for smartphones and the internet, the adoption of wearable devices and the emergence of autonomous vehicles, the Cisco report said. “We can play a role as a Digital Data Hub to lead the data industry market in Asia by a surge in digital IT demand and expanding digital infrastructure construction integrated with Fourth industrial revolution technologies such as AI, cloud, network, and AR/VR, said Mr. Ji Chang Yu, CEO.
Post COVID-19, the requirement for hyperscale data centers is on the rise. Research firm Technavio, which has been monitoring the hyperscale data center market in recent research pointed out that the hyperscale data center market is poised to grow by $62.89 billion during 2020-2024, which translates to a CAGR of over 21 per cent. The surge in cloud adoption is one of the major factors driving the market. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., Amazon.com Inc., Apple Inc., Cisco Systems Inc., Equinix Inc., Facebook Inc., Global Switch Holdings Ltd., Intel Corp., Marvell Technology Group Ltd., Microsoft Corp., and NVIDIA are some of the major market players.
The global Data Centre market is expected to clock significant growth on rising data traffic volumes at an average rate of 11 per cent from 2017 to 2022, according to reports. The growth of hyperscale Data Centres in terms of numbers globally has doubled from 338 in 2016 to 628 in 2021.
The efforts of companies such as DreamMark1 need to be seen from Asia’s fourth-largest economy’s efforts to continue attracting investments. South Korea is emerging as a major Data Centre market for multinational companies and it is also seen as a key position to target surrounding countries. With its highly-developed and advanced telecommunications infrastructure, South Korea will continue to attract Data Centre investment. Market research firm Gartner has forecasted robust growth in demand for South Korea’s colocation services.
Korea is a leader in 5G technology and has a well-developed ICT infrastructure, and a rapidly growing cloud services market. The term hyperscale refers to a computer architecture’s ability to scale in proportion to the increased computing demand. Scaling some part of our computer architecture typically means increasing computing ability, memory, networking infrastructure, or storage resources.
In such a scenario, hyperscale Data Centres capable of supporting global demand, can accelerate the growth of the domestic Data Centre market.
Feel free to visit DreamMark1’s website to know more.