
The Hong Kong Data Center Colocation Market Report Includes
Get Insights on 51 Existing Colocation Data Center Facilities and 13 Upcoming Facilities across Hong Kong.
Report Attribute | Details |
---|---|
MARKET SIZE (COLOCATION REVENUE) | USD 1.90 Billion (2028) |
CAGR (2022-2028) | 8.73% |
MARKET SIZE (UTILIZED WHITE FLOOR AREA) | 4.60 million sq. Feet (2028) |
MARKET SIZE (UTILIZED RACKS) | 144.9 thousand units (2028) |
MARKET SIZE (UTILIZED IT POWER CAPACITY) | 830 MW (2028) |
BASE YEAR | 2022 |
FORECAST YEAR | 2023-2028 |
Hong Kong is among the top destinations for developing data centers in the APAC. The ease of doing business in Hong Kong is higher due to its proximity to mainland China and import-export relations of the market to major markets such as China. Hong Kong has around 51 operational colocation data centers. Most colocation data centers are being developed according to Tier III standards. The country has the presence of both local and global operators such as SUNeVision Holdings (iAdvantage), Equinix, Digital Realty, Vantage Data Centers (PCCW Solutions), NTT Global Data Centers, Global Switch, Telehouse, AirTrunk, China Unicom, others. The country is also witnessing improvement in terms of submarine connectivity. For instance, the country is witnessing new investment in four submarine cables, likely operational by 2025.
The Hong Kong data center colocation market is booming with the entry of several operators such as GDS Services, Edge Centres, Mapletree Investments, and Angelo Gordon. The global operators are using M&A and JV strategies to enter the industry. For instance, Vantage Data Centers acquired PCCW Solutions data center business to enter the Hong Kong data center market. Further, the support for developing data centers in Hong Kong is high. The government established a special unit for data center developments called Developing Data Centres in Hong Kong to support the growth of the Hong Kong data center colocation market. The increase in digitalization initiatives is boosting the market, and the government is also working towards the Digital 21 Strategy that focuses on developing the ICT market in Hong Kong.
Frequently Asked Questions
What is the count of existing and upcoming colocation data center facilities in Hong Kong?
Hong Kong has around 51 existing colocation data centers and is witnessing investment in 13 colocation data center facilities.
How much MW of IT power capacity will Hong Kong use by 2028?
Around 830 MW of IT power capacity will likely be utilized in Hong Kong by 2028.
What factors are driving the Hong Kong data center colocation market?
Adoption of cloud-based services, improvements in inland cable and submarine connectivity, increase in colocation data center investments, and rising recognition of big data, IoT, and 5G deployment across the country and others will drive the colocation data center market in Hong Kong.
Who are the new entrants in the Hong Kong data center colocation market?
The new entrants in the Hong Kong data center colocation market include GDS Services, Edge Centres, ESR, Mapletree Investments, and Angelo Gordon.
The Hong Kong data center colocation market size is projected to reach USD 1.90 billion by 2028, growing at a CAGR of 8.73% from 2022 to 2028.
The following factors are likely to contribute to the growth of the Hong Kong data center colocation market during the forecast period:
Base Year: 2022
Forecast Year: 2023-2028
The report considers the present scenario of the Hong Kong data center colocation market and its market dynamics for 2023−2028. It covers a detailed overview of several market growth enablers, restraints, and trends. The study includes the demand and supply aspects of the Hong Kong data center colocation market.
The report includes:
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RESEARCH METHODOLOGY
MARKET SCOPE
MARKET DEFINITIONS
CHAPTER 01 – MARKET SNAPSHOT
Colocation Market Snapshot
Global Vs APAC Vs Hong Kong Colocation Market Comparison
CHAPTER 02 - SUPPLY & DEMAND ANALYSIS
Existing vs Upcoming Data Center Facilities
Market by Utilized Area
Market by Utilized Racks
Market by IT Power Capacity
Colocation Demand by Industry
CHAPTER 03 – MARKET GROWTH FACTORS
Factors Attracting Colocation Investment in Hong Kong
Sustainability Status in Hong Kong
Submarine Cables & Cloud Connectivity
Cloud On-Ramps & Investment in Hong Kong
CHAPTER 04 – COLOCATION REVENUE & PRICING ANALYSIS
Colocation Market by Revenue
Retail Vs Wholesale Colocation
Retail Colocation Pricing and Addons
Wholesale Colocation Pricing
Key Pricing Trends
CHAPTER 05 - MARKET DYNAMICS
Key Trends in the Market
Key Enablers / Drivers in the Market
Key Restraints in the Market
CHAPTER 06 – COMPETITIVE LANDSCAPE
Competitive Landscape by Colocation Operators
Market Share by Colocation Revenue
Market Share by IT Power Capacity
Existing Colocation Operators
New Operators
QUANTITATIVE SUMMARY
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