The explosive momentum that the Taiwanese cloud market saw up in 2021 is expected to continue well into 2022, spurred on by the digitalisation demands of COVID-19.
Taipei has emerged as the epicenter of this rapid digital expansion–implementing plans to construct a 5G network and additional data centers within city limits. But the nation is also looking elsewhere, pursuing both domestic and international investments to maintain their competitiveness in the region. Google, for instance, recently selected the central city of Douliu as the site to begin construction of their third data center in Taiwan.
But while some of Asia’s emerging economies like Indonesia and Thailand are making great strides in the cloud market, corporations still prefer mature economies that can provide them with a strong power network and more reliable uptime. Because multiple deep-sea cables between the USA and Asia pass through Taiwan, the island also provides a geographic advantage to the American tech giants. Recent multinational agreements with western nations have cemented Taiwan as an essential partner in the rollout of 5G networks in the APAC region.
On the state level, Taiwan is investing in bolstering five IT sectors: technology and digital, national defense, green energy, renewable energy, and biotech. Specifically, this involves such initiatives as recruiting 80 cyber security officials to establish a national team or creating another “Asian Silicon Valley” comparable to Hsinchu Science Park.
How will these state-level actions impact the private sector? Digitalisation in Taiwan has the potential to impact all aspects of life, from healthcare to city planning. This event will focus on the most compelling trends in the cloud computing and data center industries in Taiwan. Tune in to find out more!