Hong Kong Data Center Storage Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Hong Kong Data Center Storage Market Report is Segmented by Storage Technology (Network Attached Storage (NAS), Storage Area Network (SAN), Direct Attached Storage (DAS), and Other Technologies), by Storage Type (Traditional Storage, All-Flash Storage, and Hybrid Storage), by End-User (IT & Telecommunication, BFSI, Government, Media & Entertainment and Other End-Users). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Hong Kong Data Center Storage Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Hong Kong Data Center Storage Market Size

Hong Kong Data Center Storage Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 1.32 Billion
Market Size (2030) USD 2.04 Billion
CAGR (2025 - 2030) 9.09 %
Market Concentration Medium

Major Players

Hong Kong Data Center Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Hong Kong Data Center Storage Market with other markets in Technology, Media and Telecom Industry

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Hong Kong Data Center Storage Market Analysis

The Hong Kong Data Center Storage Market size is estimated at USD 1.32 billion in 2025, and is expected to reach USD 2.04 billion by 2030, at a CAGR of 9.09% during the forecast period (2025-2030).

  • 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, leading to a growing need for data center storage equipment.
  • Under Construction IT Load Capacity: The upcoming IT load capacity of the Hong Kong data center market is expected to reach 1,700 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.

Hong Kong Data Center Storage Industry Overview

The landscape of Hong Kong's Data Center Storage market is semi-fragmented, with a majority of the market share held by key players such as Dell Inc., Hewlett Packard Enterprise, NetApp Inc., Huawei Technologies Co. Ltd., and Hitachi Vantara LLC. These major companies employ strategic collaborative initiatives to expand their market share and enhance overall profitability.

In October 2023, Seagate Technology introduced the Seagate Exos® X24 hard drives. Boasting 10 disks, each delivering 2.4TB, the Exos X24 hard drive sets a new standard for total cost of ownership (TCO) in the industry. This innovation is specifically designed to cater to hyperscale customers and enterprises with scale-out data centers, reinforcing Seagate's commitment to delivering cutting-edge solutions.

During the same month, KIOXIA Corporation showcased its extensive data center and enterprise solid-state drive (SSD) portfolio at the Open Compute Project Global Summit. The portfolio includes next-generation Enterprise and Data Center Standard Form Factor (EDSFF) E1.S SSDs tailored for hyperscale data centers, Software-Enabled Flash™ technology, and PCIe ® 5.0 SSDs. This comprehensive portfolio was globally launched, demonstrating KIOXIA Corporation's dedication to meeting the evolving needs of data centers and enterprises.

Hong Kong Data Center Storage Market Leaders

  1. Dell Inc.

  2. Hewlett Packard Enterprise

  3. NetApp Inc.

  4. Huawei Technologies Co. Ltd.

  5. Hitachi Vantara LLC

  6. *Disclaimer: Major Players sorted in no particular order
Hong Kong Data Center Storage Market Concentration
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Hong Kong Data Center Storage Market News

September 2023: Pure Storage appointed Westcon-Comstor as its latest distributor in Australia, expanding its existing agreements in New Zealand, Singapore, Indonesia, Malaysia, China, Hong Kong, and the Philippines. This strategic partnership aims to accelerate the adoption of FlashStack, a software-defined hybrid cloud infrastructure developed by Pure and Cisco. FlashStack seamlessly integrates compute, network, and storage components, enhancing the overall efficiency and capabilities of hybrid cloud environments.

October 2023: Perifery and Seagate Technology forged a partnership to launch a new on-premises solution designed for scaling out object storage. This collaboration integrates Perifery Swarm with Seagate Exos CORVAULT, delivering a high-performance, scalable, and secure object storage solution. The targeted end-users, including those in high-growth edge markets such as media and entertainment, healthcare, retail, and manufacturing, will benefit from significantly lowered CPU requirements, reduced costs, and an improved end-user experience. This joint venture reflects a commitment to meeting the evolving storage needs of diverse industries and enhancing the accessibility of advanced storage solutions.

Hong Kong Data Center Storage Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumption & Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Dynamics

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Expansion of IT Infrastructure to Increase Market Growth
    • 4.2.2 Increased Investments in Hyperscale Data Centers To Increase Market Growth
  • 4.3 Market Restraints
    • 4.3.1 High Initial Investment Cost To Hinder Market Growth
  • 4.4 Value Chain / Supply Chain Analysis
  • 4.5 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers/Consumers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry
  • 4.6 Assessment of COVID-19 Impact

5. MARKET SEGMENTATION

  • 5.1 Storage Technology
    • 5.1.1 Network Attached Storage (NAS)
    • 5.1.2 Storage Area Network (SAN)
    • 5.1.3 Direct Attached Storage (DAS)
    • 5.1.4 Other Technologies
  • 5.2 Storage Type
    • 5.2.1 Traditional Storage
    • 5.2.2 All-Flash Storage
    • 5.2.3 Hybrid Storage
  • 5.3 End-User
    • 5.3.1 IT & Telecommunication
    • 5.3.2 BFSI
    • 5.3.3 Government
    • 5.3.4 Media & Entertainment
    • 5.3.5 Other End-Users

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Dell Inc.
    • 6.1.2 Hewlett Packard Enterprise
    • 6.1.3 NetApp Inc.
    • 6.1.4 Huawei Technologies Co. Ltd.
    • 6.1.5 Hitachi Vantara LLC
    • 6.1.6 Kingston Technology Company Inc.
    • 6.1.7 Lenovo Group Limited
    • 6.1.8 Fujitsu Limited
    • 6.1.9 Oracle Corporation
    • 6.1.10 Seagate Technology LLC
  • *List Not Exhaustive

7. INVESTMENT ANALYSIS

8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Hong Kong Data Center Storage Industry Segmentation

Data center storage encompasses devices, hardware, networking equipment, and software technologies facilitating the storage of data and applications within data center facilities, used for storing, managing, retrieving, distributing, and backing up digital information within such facilities. 

The Hong Kong data center storage market is segmented by storage technology (network attached storage (NAS), storage area network (SAN), direct attached storage (DAS), and other technologies), by storage type (traditional storage, all-flash storage, and hybrid storage), and by end-user (IT & telecommunication, BFSI, government, media & entertainment, and other end-users). 

Market sizes and forecasts are provided in terms of value (USD) for all the segments above.

Storage Technology Network Attached Storage (NAS)
Storage Area Network (SAN)
Direct Attached Storage (DAS)
Other Technologies
Storage Type Traditional Storage
All-Flash Storage
Hybrid Storage
End-User IT & Telecommunication
BFSI
Government
Media & Entertainment
Other End-Users
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Hong Kong Data Center Storage Market Research FAQs

How big is the Hong Kong Data Center Storage Market?

The Hong Kong Data Center Storage Market size is expected to reach USD 1.32 billion in 2025 and grow at a CAGR of 9.09% to reach USD 2.04 billion by 2030.

What is the current Hong Kong Data Center Storage Market size?

In 2025, the Hong Kong Data Center Storage Market size is expected to reach USD 1.32 billion.

Who are the key players in Hong Kong Data Center Storage Market?

Dell Inc., Hewlett Packard Enterprise, NetApp Inc., Huawei Technologies Co. Ltd. and Hitachi Vantara LLC are the major companies operating in the Hong Kong Data Center Storage Market.

What years does this Hong Kong Data Center Storage Market cover, and what was the market size in 2024?

In 2024, the Hong Kong Data Center Storage Market size was estimated at USD 1.20 billion. The report covers the Hong Kong Data Center Storage Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Hong Kong Data Center Storage Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Hong Kong Data Center Storage Industry Report

Statistics for the 2025 Hong Kong Data Center Storage market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Hong Kong Data Center Storage analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.