The regulations, which will take effect on January 1, 2025, aim to regulate network data processing activities…reports Asian Lite News
Chinese Premier Li Qiang has signed a decree of the State Council, unveiling regulations on network data security management.
The regulations, which will take effect on January 1, 2025, aim to regulate network data processing activities, protect the legitimate rights and interests of individuals and organizations, and safeguard national security and public interests.
They put forward general requirements and provisions for network data security, further specify rules concerning personal information protection, and fine-tune mechanisms for the management of important data, Xinhua news agency reported.
The country will improve the rules and regulations on the cross-border security of network data, and clarify the conditions under which network data processors can provide personal information to overseas parties, according to the document.
In addition, the regulations also stipulate the obligations for internet platform service providers, specifying data protection requirements for entities such as third-party service and product providers.
India set for next boom
As rising cloud and AI adoption trigger demand for more data centres, the United States currently leads with 5,388 data centres globally, 10 times more than China and most European countries, data showed on Tuesday, as India gears up for a data centre boom.
As per data presented by Stocklytics.com, the US constitutes 70 per cent more than the next 10 largest data centre markets combined.
Germany at second spot has 520 data centres and the UK is third with 512 such facilities. China is the fourth player in the global data centre landscape with 449 listed data centres.
Canada, France, and Australia follow with 336, 315, and 307 data centres, respectively.
As per Cloudscene data, Japan is the last country on the top 10 list, with 219 operational data centres.
The surge of AI technologies, which require significant computing power and storage, has fuelled the data centre boom, helping the market grow by 52 per cent since 2017 and hit a $416 billion value.
The global data centre market is likely to grow by a CAGR of 8.45 per cent in the following years and become a half-a-trillion-dollar industry by 2027.
As per Statista Market Insights, the US data centre market will generate over $120 billion, or about 30 per cent of total market revenue, in 2024.
India is fast catching up with the global data centre market. The country has the potential to add another 500 MW data centre capacity over next the four years.