Hong Kong Data Center Colocation Market - Supply & Demand Analysis 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?

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