Hong Kong Data Center Colocation Market - Supply & Demand Analysis 2024-2029

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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

  1. Colocation Supply (MW, Area, Rack Capacity)
  2. Colocation Demand (MW, Area, Rack Capacity) and by End-User (Cloud/IT, BFSI, etc..)
  3. Colocation Revenue (Retail & Wholesale Colocation Services)
  4. 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

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HONG KONG DATA CENTER COLOCATION MARKET REPORT SCOPE

REPORT ATTRIBUTEDETAILS
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 YEAR2023
FORECAST YEAR2024-2029
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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?

  1. Transparent research methodology and insights on the market's colocation of demand and supply.
  2. The market size is available in terms of utilized white floor area, IT power capacity, and racks.
  3. The market size available in terms of Core & Shell Vs Installed Vs Utilized IT Power Capacity along with the occupancy %.
  4. The study of the existing Hong Kong data center industry landscape and insightful predictions about industry size during the forecast period.
  5. An analysis of the current and future colocation demand in Hong Kong by several industries. 
  6. Study on sustainability status in the region
  7. Analysis of current and future cloud operations in the region.
  8. Snapshot of upcoming submarine cables and existing cloud-on-ramps services in the region.
  9. Snapshot of existing and upcoming third-party data center facilities in Hong Kong
  10. Facilities Covered (Existing): 53
  11. Facilities Identified (Upcoming): 13
  12. Coverage: 5+ locations
  13. Existing vs. Upcoming (White Floor Area)
  14. Existing vs. Upcoming (IT Load Capacity)
  15. Data Center Colocation Market in Hong Kong
  16. Colocation Market Revenue & Forecast (2023-2029)
  17. Retail Colocation Revenue (2023-2029)
  18. Wholesale Colocation Revenue (2023-2029)
  19. Retail Colocation Pricing along with Addons
  20. Wholesale Colocation Pricing along with the pricing trends. 
  21. An analysis of the latest trends, potential opportunities, growth restraints, and prospects for the Hong Kong data center colocation market.
  22. Competitive landscape, including industry share analysis by the colocation operators based on IT power capacity and revenue.
  23. 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

  1. Real Estate Investment Trusts
  2. Construction Contractors
  3. Infrastructure Providers
  4. New Entrants
  5. Consultants/Consultancies/Advisory Firms
  6. Corporate & Governments Agencies

Frequently Asked Questions

What is the count of existing and upcoming colocation data center facilities in Hong Kong?

Hong Kong has around 53 existing colocation data centers and is witnessing investment in 13 colocation data center facilities.

What factors are driving the Hong Kong data center colocation market?

Improvements in Inland & submarine connectivity, an increase in data center investments & activities, an increase in adoption of cloud services, big data & IoT driving data center investments, and others will drive the Hong Kong data center colocation market.

How much MW of IT power capacity is likely to be utilized in Hong Kong by 2029?

Around 920 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 new Hong Kong data center industry entrants include ESR, Cayman Mapletree Investments, and Angelo Gordon.

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:

  1. Big Data & IoT Driving Data Center Investments
  2. 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:

  1. Colocation Supply (MW, Area, Rack Capacity)
  2. Colocation Demand (MW, Area, Rack Capacity) and by End-User (Cloud/IT, BFSI, etc..)
  3. Colocation Revenue (Retail & Wholesale Colocation Services)
  4. Competitive Scenario (Share Analysis by Revenue & MW Capacity)

VENDOR LANDSCAPE

Existing Operators

  1. SUNeVision Holdings (iAdvantage)
  2. Goodman
  3. AirTrunk
  4. China Mobile International
  5. GDS Services
  6. Grand Ming Group (iTech Towers)
  7. Edge Centres
  8. Global Switch
  9. China Unicom
  10. NTT DATA
  11. Equinix
  12. Vantage Data Centers (PCCW)
  13. Digital Realty
  14. CITIC Telecom International
  15. Telehouse
  16. Towngas Telecommunications
  17. OneAsia Network
  18. Hong Kong Exchanges and Clearing
  19. New World Telecommunications Limited (NWT)
  20. HKT SkyExchange (HKT Telecommunications)
  21. Telstra (Pacnet)
  22. APT Satellite
  23. Carrianna Group
  24. BDx Data Centers
  25. Other Companies*

New Operators

  1. ESR
  2. Mapletree Investments
  3. 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

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Frequently Asked Questions

What is the count of existing and upcoming colocation data center facilities in Hong Kong?

Hong Kong has around 53 existing colocation data centers and is witnessing investment in 13 colocation data center facilities.

What factors are driving the Hong Kong data center colocation market?

Improvements in Inland & submarine connectivity, an increase in data center investments & activities, an increase in adoption of cloud services, big data & IoT driving data center investments, and others will drive the Hong Kong data center colocation market.

How much MW of IT power capacity is likely to be utilized in Hong Kong by 2029?

Around 920 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 new Hong Kong data center industry entrants include ESR, Cayman Mapletree Investments, and Angelo Gordon.