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THE HONG KONG DATA CENTER COLOCATION MARKET SIZE WAS VALUED AT USD 1.17 BILLION IN 2023 AND IS EXPECTED TO REACH USD 1.80 BILLION BY 2029, GROWING AT A CAGR OF 7.37% DURING THE FORECAST PERIOD
The Hong Kong Data Center Colocation Market Report Includes
- Colocation Supply (MW, Area, Rack Capacity)
- Colocation Demand (MW, Area, Rack Capacity) and by End-User (Cloud/IT, BFSI, etc..)
- Colocation Revenue (Retail & Wholesale Colocation Services)
- Competitive Scenario (Market Share Analysis by Revenue & MW Capacity)
Get Insights on 53 Existing Colocation Data Center Facilities and 13 Upcoming Facilities across Hong Kong
This report includes market data points, ranging from trend
analyses to market estimates & forecasts that you can customize
HONG KONG DATA CENTER COLOCATION MARKET REPORT SCOPE
REPORT ATTRIBUTE | DETAILS |
---|---|
MARKET SIZE (COLOCATION REVENUE) | USD 1.80 Billion (2029) |
MARKET SIZE (UTILIZED WHITE FLOOR AREA) | 6.00 million sq. feet (2029) |
MARKET SIZE (UTILIZED RACKS) | 143,000 units (2029) |
MARKET SIZE (UTILIZED IT POWER CAPACITY) | 920 MW (2029) |
BASE YEAR | 2023 |
FORECAST YEAR | 2024-2029 |
COLOCATION DEMAND AND SUPPLY HIGHLIGHTS
The Hong Kong data center colocation market size was valued at USD 1.17 billion in 2023 and is expected to reach USD 1.80 billion by 2029, growing at a CAGR of 7.37% during the forecast period. The region has around 53 operational colocation data centers, most of which are being developed according to Tier III standards. The Hong Kong data center colocation market has several data center operators, such as SUNeVision Holdings, Global Switch, Equinix, NTT DATA, Vantage Data Centers, and Digital Realty, which are prominent colocation service providers in the region. SUNeVision Holdings, Equinix, NTT DATA, and Global Switch contribute to around 40% of the IT load capacity in the market.
Hong Kong has an acute land shortage for data center development. The government supports the data center market by providing industrial land. Moreover, the country is expected to witness growth in brownfield developments owing to the land shortage. Also, the market has the presence of all global cloud operators, such as Amazon Web Services (AWS), Google, Microsoft, Alibaba Cloud, Huawei Cloud, and Tencent Cloud. This will propel the demand for wholesale colocation services through these service providers' continuous expansion initiatives.
The region has significant potential for the growth of the data center industry in the upcoming years. The average occupancy of data center facilities is expected to reach around 85% by 2029. Furthermore, the Hong Kong data center colocation market is growing rapidly, driven by improvements in inland & submarine connectivity, increased data center investments & activities, increasing adoption of cloud services, and big data & IoT driving data center investments. For instance, in December 2023, GDS Services announced the launch of the first phase of the HK1 data center facility in Kwai Chung. Once fully built, the facility will have an IT load of around 19 MW. Furthermore, the company is developing the second phase of the HK1 data center facility, which will likely be online by H2 2024. Further, the under-development HK2 data center will likely be online by 2025.
WHATS INCLUDED?
- Transparent research methodology and insights on the market's colocation of demand and supply.
- The market size is available in terms of utilized white floor area, IT power capacity, and racks.
- The market size available in terms of Core & Shell Vs Installed Vs Utilized IT Power Capacity along with the occupancy %.
- The study of the existing Hong Kong data center industry landscape and insightful predictions about industry size during the forecast period.
- An analysis of the current and future colocation demand in Hong Kong by several industries.
- Study on sustainability status in the region
- Analysis of current and future cloud operations in the region.
- Snapshot of upcoming submarine cables and existing cloud-on-ramps services in the region.
- Snapshot of existing and upcoming third-party data center facilities in Hong Kong
- Facilities Covered (Existing): 53
- Facilities Identified (Upcoming): 13
- Coverage: 5+ locations
- Existing vs. Upcoming (White Floor Area)
- Existing vs. Upcoming (IT Load Capacity)
- Data Center Colocation Market in Hong Kong
- Colocation Market Revenue & Forecast (2023-2029)
- Retail Colocation Revenue (2023-2029)
- Wholesale Colocation Revenue (2023-2029)
- Retail Colocation Pricing along with Addons
- Wholesale Colocation Pricing along with the pricing trends.
- An analysis of the latest trends, potential opportunities, growth restraints, and prospects for the Hong Kong data center colocation market.
- Competitive landscape, including industry share analysis by the colocation operators based on IT power capacity and revenue.
- The vendor landscape of each existing and upcoming colocation operator is based on the existing/ upcoming count of data centers, white floor area, IT power capacity, and data center location.
TARGET AUDIENCE
- Real Estate Investment Trusts
- Construction Contractors
- Infrastructure Providers
- New Entrants
- Consultants/Consultancies/Advisory Firms
- Corporate & Governments Agencies
Frequently Asked Questions
What is the count of existing and upcoming colocation data center facilities in Hong Kong?
What factors are driving the Hong Kong data center colocation market?
How much MW of IT power capacity is likely to be utilized in Hong Kong by 2029?
Who are the new entrants in the Hong Kong data center industry?
The Hong Kong data center colocation market is projected to reach USD 1.80 billion by 2029, growing at a CAGR of 7.37% from 2023 to 2029.
The following factors are likely to contribute to the growth of the Hong Kong data center colocation market during the forecast period:
- Big Data & IoT Driving Data Center Investments
- Increase in Data Center Investments & Activities
Base Year: 2023
Forecast Year: 2024-2029
The report considers the present scenario of the Hong Kong data center colocation market and its market dynamics for 2024−2029. 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 industry.
The report includes:
- Colocation Supply (MW, Area, Rack Capacity)
- Colocation Demand (MW, Area, Rack Capacity) and by End-User (Cloud/IT, BFSI, etc..)
- Colocation Revenue (Retail & Wholesale Colocation Services)
- Competitive Scenario (Share Analysis by Revenue & MW Capacity)
VENDOR LANDSCAPE
Existing Operators
- SUNeVision Holdings (iAdvantage)
- Goodman
- AirTrunk
- China Mobile International
- GDS Services
- Grand Ming Group (iTech Towers)
- Edge Centres
- Global Switch
- China Unicom
- NTT DATA
- Equinix
- Vantage Data Centers (PCCW)
- Digital Realty
- CITIC Telecom International
- Telehouse
- Towngas Telecommunications
- OneAsia Network
- Hong Kong Exchanges and Clearing
- New World Telecommunications Limited (NWT)
- HKT SkyExchange (HKT Telecommunications)
- Telstra (Pacnet)
- APT Satellite
- Carrianna Group
- BDx Data Centers
- Other Companies*
New Operators
- ESR
- Mapletree Investments
- Angelo Gordon
For more details, please reach us at enquiry@arizton.com
ABOUT ARIZTON
ABOUT OUR DATA CENTER CAPABILITIES
RESEARCH METHODOLOGY
MARKET SCOPE
MARKET DEFINITIONS
CHAPTER 01 – MARKET SNAPSHOT
Colocation Market Snapshot
CHAPTER 02 - SUPPLY & DEMAND ANALYSIS
Existing vs Upcoming Data Center Facilities
Market by Utilized Area
Market by Utilized Racks
Market by IT Power Capacity (Core & Shell, Installed & Utilized - MW)
Colocation Demand by Industry
CHAPTER 03 – MARKET GROWTH FACTORS
Factors Attracting Colocation Investment in Hong Kong
Sustainability Status in Hong Kong
Cloud On Ramps & Investment in Hong Kong
Submarine Cables & Inland Connectivity
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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Frequently Asked Questions
What is the count of existing and upcoming colocation data center facilities in Hong Kong?
What factors are driving the Hong Kong data center colocation market?
How much MW of IT power capacity is likely to be utilized in Hong Kong by 2029?
Who are the new entrants in the Hong Kong data center industry?