According to Arizton’s latest research report, the Hong Kong data center colocation market is growing at a CAGR of 7.37% during 2023-2029.
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Report Scope:
Market Size (Colocation Revenue): USD 1.80 Billion (2029)
CAGR (2023-2029): 7.37%
Market Size (Utilized White Floor Area): 6 Million Sq. Ft (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
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Overview of Data Center Facilities in Hong Kong
We have identified approximately 53 unique third-party data center facilities in Hong Kong. This analysis excludes enterprise and hyperscale self-built data centers. Existing data center service providers utilize services through other operators’ facilities, which are included in our assessment.
The information presented in this study comprises both actual and estimated figures. Estimations were only made when figures for the white floor area or IT power capacity were available. It is important to note that these values can vary based on the data center’s location and infrastructure.
Operational facilities in their first phase are classified as existing data centers. We consider the full-built white floor area, IT power capacity, and the number of racks in our figures for these facilities.
Conversely, facilities currently under construction in their first phase are categorized as part of the upcoming data center capacity. We have used full-build figures in our market estimates regarding these facilities’ white floor area, IT power capacities, and rack cabinets.
Power Capacity Insights: Cloud Sector Leads in Hong Kong
The cloud and IT sector has emerged as the dominant force in utilized power capacity in Hong Kong, with cloud operators managing their regions across multiple colocation data center facilities. For instance, Google operates one availability zone in Hong Kong through the HK2 data center facility managed by Equinix, while additional zones are hosted at the MEGA-i facility operated by SUNeVision. Other sectors—including healthcare, retail and e-commerce, energy, educational institutions, and the public sector—accounted for approximately 15% of the total utilized power capacity in Hong Kong in 2023. Notably, Now TV, an online streaming platform owned by PCCW, likely hosts its workloads in facilities operated by PCCW Solutions (Vantage Data Centers). Meanwhile, colocation demand in the banking, financial services, and insurance (BFSI) sector is expected to decline during the forecast period as some workloads migrate to the cloud. For example, Blue Insurance transitioned to Tencent Cloud and integrated its core systems with the cloud provider, increasing sales and data traffic.
What’s Included?
The Hong Kong Data Center Colocation Market Report Includes
Vendor Landscape
Existing Operators
New Operators
In a nutshell, the Arizton Advisory & Intelligence market research report provides valuable market insights for industry stakeholders, investors, researchers, consultants, and business strategists aiming to gain a thorough understanding of the Hong Kong data center colocation market. Request for Free Sample to get a glance at the report now: https://www.arizton.com/market-reports/hong-kong-data-center-colocation-market
What Key Findings Will Our Research Analysis Reveal?
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 will be utilized in Hong Kong by 2029?
Who are the new entrants in the Hong Kong data center industry?
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