Hong Kong Data Center Colocation Market - Supply & Demand Analysis 2025-2030

HONG KONG DATA CENTER COLOCATION MARKET SIZE

The Hong Kong data center colocation market size was valued at USD 1.41 billion in 2024 and is expected to reach USD 2.51 billion by 2030, growing at a CAGR of 10.13% during the forecast period. The number of colocation data center facilities in Hong Kong is gradually increasing. Hong Kong is an established market in APAC and has around 54 existing colocation data centers spread mostly across Tseung Kwan O, Tsuen Wan, Kwai Chung, and Fanling. Furthermore, some leading colocation operators in the Hong Kong data center colocation market include SUNeVision Holdings (iAdvantage), NTT Data, Digital Realty, Equinix, BDx, Global Switch, OneAsia Network, and Vantage Data Centers.

iAdvantage leads the Hong Kong data center colocation market with the highest revenue share of 23.8%, showing its strong dominance in the retail colocation space. It has a well-established presence, supported by a broad customer base and premium locations. Also, Tseung Kwan O leads with the largest power capacity across all stages. With around 80% of installed power utilized, this reflects mature infrastructure and high demand concentration from major colocation and hyperscale operators.

Hong Kong’s market is witnessing a rise in cloud investments. For instance, in April 2025, Airstar Bank completed its full migration to Tencent Cloud, marking a major step in its digital transformation since initiating the process in December 2023. Furthermore, due to extreme land scarcity and high real estate prices in Hong Kong, providers are increasingly adopting vertical, multi-story data center architectures and often integrating into high-rise industrial or commercial buildings. For instance, SUNeVision MEGA-i, one of Asia’s largest carrier-neutral, multi-story data centers, has over 30 floors housing data halls, telecom equipment, and carrier networks. It acts as a major interconnection hub in the region.

Submarine cables provide high-speed data transmission, reduce latency, and support the growing demand for broadband and cloud services, which is crucial for Hong Kong’s digital economy. Hong Kong has one upcoming cable, which will be operational by the end of 2025. Also, some of the major sectors contributing to the colocation demand include cloud/IT, banking, and telecom. Multiple public and private enterprises still operate their on-premises infrastructure, which could be migrated to colocation/cloud over the coming years, contributing to strong Hong Kong data center colocation market growth.

WHAT'S INCLUDED?

1. Transparent research methodology and insights on the market's colocation of demand and supply.
2. 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. An assessment and snapshot of the colocation investment in Hong Kong. 
5. The study of the existing Hong Kong data center industry landscape and insightful predictions about industry size during the forecast period.
6. An analysis of the current and future colocation demand in Hong Kong by several industries.
7. Study on the sustainability status in the country
8. Analysis of current and future cloud operations in the country.
9. Snapshot of upcoming submarine cables and existing cloud-on-ramps services in the country.
10. Snapshot of existing and upcoming third-party data center facilities in Hong Kong
11. Facilities Covered (Existing): 54
12. Facilities Identified (Upcoming): 14
13. Coverage: 6+ Cities
14. Existing vs. Upcoming (White Floor Area)
15. Existing vs. Upcoming (IT Load Capacity)
16. Data Center Colocation Market in Hong Kong
17. Colocation Market Revenue & Forecast (2024-2030)
18. Retail Colocation Revenue (2024-2030)
19. Wholesale Colocation Revenue (2024-2030)
20. Retail Colocation Pricing along with Add-ons
21. Wholesale Colocation Pricing, along with the pricing trends
22. An analysis of the latest trends, potential opportunities, growth restraints, and prospects for the Hong Kong data center colocation market.
23. Competitive landscape, including industry share analysis by the colocation operators based on IT power capacity and revenue.
24. 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.