
Hong Kong Data Center Market Research Report Includes Size in Terms of
Get Insights on 51 Existing Data Centers and 9 Upcoming Facilities across Hong Kong.
Report Attribute | Details |
---|---|
Market Size - INVESTMENT (2027) | USD 3.9 BILLION |
Market Size - AREA (2027) | 372 thousand Sq. Feet |
CAGR (2022-2027) | 2.88% |
MARKET SIZE -POWER CAPACITY(2027) | 80 MW |
COLOCATION MARKET SIZE- REVENUE(2027) | USD 1.8 BILLION |
BASE YEAR | 2021 |
FORECAST YEAR | 2022-2027 |
Hong Kong data center market size was valued at USD 3.4 billion in 2021 and is expected to reach USD 3.9 billion by 2027, growing at a CAGR of 2.88% during 2022-2027
Hong Kong is a prime location for cloud service providers because it can serve the Asia Pacific and Mainland China. The investments in the Hong Kong cloud services market are growing. The Hong Kong data center market, has the presence of operators such as SUNeVision (iAdvantage), Vantage Data Centers (PCCW Solutions), Digital Realty, Equinix, China Mobile International, Colt Data Centre Services, AirTrunk Operating, China Unicom, and others.
The colocation market in Hong Kong will continue to grow as a result of the government's digitalization initiatives, a strong infrastructure backbone, a stable economy, advances in renewable energy adoption, a push toward green energy production, and strategic location, such as proximity to mainland China.
Hong Kong is witnessing smart city initiatives that will grow the technology penetration in the market. Smart city Blueprint 2.0 is one of the initiatives to use smart technology to address the day-to-day issues faced by citizens.
Hong Kong is a developing location in terms of artificial intelligence technology adoption in the market. In December 2021, Microsoft Hong Kong announced MoU with New World Development for the Greater Bay Area (GBA) cohort focused on artificial intelligence and robotics.
This report analyses the Hong Kong data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments. The segmentation includes:
TARGET AUDIENCE
The Hong Kong data center market is expected to witness a year-over-year investment of USD 3.9 billion by 2027.
There are 51 existing data centers and nine upcoming data centers identified in Hong Kong.
The Hong Kong data center market is driven by factors such as increased adoption of cloud services, big data & IoT technologies, renewable energy procurement, digitalization initiatives by the government, and growth in connectivity.
Some of the key investors in the Hong Kong data center market include companies such as Equinix, SUNeVision (iAdvantage), NTT, Digital Realty, HKT Telecommunications, Vantage Data Centers (PCCW Solutions), and GDS Services among others.
Hong Kong data center market will witness investments of USD 3.9 Billion by 2027, growing at a CAGR of 2.88% during 2022-2027
Hong Kong's data center market is well-established in APAC in data center developments, with growing investments from data center operators yearly. The market is also one of the majorly advanced in terms of digitalization and technology advancements. Hong Kong is also being developed as a smart city that will further enhance the position of the market in terms of data center demand.
Base year: 2021
Forecast Year: 2022-2027
The report considers the present scenario of the Hong Kong data center market and its market dynamics for 2022−2027. It covers a detailed overview of several growth enablers, restraints, and trends in the market. The study includes the demand and supply aspects of the market.
The report analyses the data center investment in the following areas:
IT Infrastructure
Electrical Infrastructure
Mechanical Infrastructure
General Construction
Tier Standard
VENDOR LANDSCAPE
IT INFRASTRUCTURE PROVIDERS:
DATA CENTER CONSTRUCTION CONTRACTORS & SUB-CONTRACTORS:
SUPPORT INFRASTRUCTURE PROVIDERS
DATA CENTER INVESTORS
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