Market Size of hong kong data center Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Volume (2024) | 0.95 Thousand MW |
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Market Volume (2029) | 1.78 Thousand MW |
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Largest Share by Tier Type | Tier 3 |
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CAGR (2024 - 2029) | 13.36 % |
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Fastest Growing by Tier Type | Tier 4 |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Hong Kong Data Center Market Analysis
The Hong Kong Data Center Market size is estimated at 0.95 thousand MW in 2024, and is expected to reach 1.78 thousand MW by 2029, growing at a CAGR of 13.36% during the forecast period (2024-2029).
USD 732.51 Million
Market Size in 2024
USD 1,371 Million
Market Size in 2029
11.8%
CAGR (2017-2023)
13.4%
CAGR (2024-2029)
IT Load Capacity
949.9 MW
Value, IT Load Capacity, 2024
Increasing demand for smart devices, such as smartphones and tablets, to use varying services such as streaming, browsing, and playing games has led to consumers opting for 4G and 5G services, creates more need of data storage space.
Total Raised Floor Space
Sq. Ft. 3.40 M
Volume, Raised Floor Space, 2024
The total raised floor space in the country is expected to reach 6.3 million sq. ft by 2029. Growing smart city initiatives are expected to trigger the growth of the DC facilities in the region during the study period.
Installed Racks
170,035
Volume, Installed Racks, 2024
The total number of installed racks is expected to reach 318,247 by 2029. Tseung Kwan O is expected to house the maximum number of racks over the years.
# of DC Operators & DC Facilities
17 and 53
Volume, DC Facilities, 2024
There are 53 colocation data center facilities in Hong Kong. The scarcity of land for the development of data centers, stringent and complex data laws and governing systems have acted as barriers to the growth of the data centers market.
Leading Market Player
8.3%
Market Share, SuneVision Holdings Ltd, 2023
SuneVision Holdings Ltd currently leads the market with an IT load capacity of 70 MW and a market share amounting to around 8.3%. The company aims to further strengthen its presence through the completion of its Mega DC facilities.
Tier 3 data center holds majority market share in 2023, Tier 4 data center is fastest growing
- Tier 4 data centers lead Hong Kong's data center market based on tier capacity. Their IT load capacity is expected to increase from 330.3 MW in 2022 to 1092.3 MW by 2029 at a CAGR of 18.6%. A growing number of IT businesses and smart devices and increased use of varying digital applications have led to consumers opting for tier 4 data centers.
- Tier 4 data centers offer high bandwidth, lower downtime, disaster recovery, low latency, and better connectivity. Clients, such as content providers that cannot afford a longer duration of downtime, prefer to use tier 4 data centers.
- The increased use of streaming content, online gaming, and smart devices led to increased consumption in the country. Increased consumption of data and better services have led companies to opt for tier 4 data centers. However, growing smart city initiatives are expected to trigger the growth of Tier 3 data centers as well, with a CAGR of 5.9%.
Understand The Key Trends Shaping This Market
