Hong Kong Data Center Networking Market Size

Statistics for the 2023 & 2024 Hong Kong Data Center Networking market size, created by Mordor Intelligence™ Industry Reports. Hong Kong Data Center Networking size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Hong Kong Data Center Networking Industry

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Hong Kong Data Center Networking Market Summary
Study Period 2018-2029
Base Year For Estimation 2023
Market Size (2024) USD 332.38 Million
Market Size (2029) USD 470.99 Million
CAGR (2024 - 2029) 7.22 %
Market Concentration Medium

Major Players

Hong Kong Data Center Networking Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Hong Kong Data Center Networking Market Analysis

The Hong Kong Data Center Networking Market size is estimated at USD 332.38 million in 2024, and is expected to reach USD 470.99 million by 2029, growing at a CAGR of 7.22% during the forecast period (2024-2029).

The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country.

  • Under Construction IT Load Capacity: The upcoming IT load capacity of the Hong Kong data center market is expected to reach 1700 MW by 2029.
  • Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase to 6 million sq. ft by 2029.
  • Planned Racks: The country's total number of racks to be installed is expected to reach 230K units by 2029. NCR Ho Chi Minh City is expected to house the maximum number of racks by 2029.
  • Planned Submarine Cables: There are close to 2 submarine cable systems connecting Hong Kong, and we expect a few cables to come in the near future. One such submarine cable that is estimated to start service in 2025 is Asia Cable Link ALC, which stretches over 6,000 Kilometers with landing points from Hong Kong SAR, Mainland China.
  • In view of its commitment to reach a carbon dioxide peak by 2030 and be carbon neutral by 2060, Hong Kong is placing energy consumption control at the top of its priorities. Its ongoing “dual control” energy consumption policy is a regulatory effort aiming to control high energy consumption and limit high-emission projects.
  • In support of the above policy and to reduce energy consumption, key market players are focusing on transforming DC facilities with efficient power management systems, which is expected to increase market growth.

Hong Kong Data Center Networking Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)