DUBLIN–(BUSINESS WIRE)–The “Hong Kong Data Center Colocation Market – Supply & Demand Analysis 2023-2028” report has been added to ResearchAndMarkets.com’s offering.
Hong Kong Data Center Colocation Market is projected to reach a value of $1.9 billion by 2028 from $1.15 billion in 2022, growing at a CAGR of 8.7%
Hong Kong is among the top destinations for data center development in the APAC region. The ease of doing business in Hong Kong is higher due to its proximity to mainland China and import-export relations of the market to major markets such as China. Hong Kong has around 51 operational colocation data centers. Most colocation data centers are being developed according to Tier III standards.
The country has the presence of both local and global operators such as SUNeVision Holdings (iAdvantage), Equinix, Digital Realty, Vantage Data Centers (PCCW Solutions), NTT Global Data Centers, Global Switch, Telehouse, AirTrunk, China Unicom, others. The market is booming with the entry of several operators such as GDS Services, Edge Centres, Mapletree Investments, and Angelo Gordon. The global operators are using M&A and JV strategies to enter the market. For instance, Vantage Data Centers acquired PCCW Solutions data center business to enter the Hong Kong data center market.
The support for developing data centers in Hong Kong is high. The government established a particular unit for data center developments called Developing Data Centres in Hong Kong to support data center growth. The increase in digitalization initiatives is boosting the data center market. The government of Hong Kong is also working towards the Digital 21 Strategy, which focuses on developing the ICT market in Hong Kong.
The country is also witnessing improvement in terms of submarine connectivity. For instance, the country is witnessing new investment in four submarine cables, likely operational by 2025.
Key Attributes:
Report Attribute | Details |
No. of Pages | 56 |
Forecast Period | 2022 – 2028 |
Estimated Market Value (USD) in 2022 | $1.15 Billion |
Forecasted Market Value (USD) by 2028 | $1.9 Billion |
Compound Annual Growth Rate | 8.7% |
Regions Covered | Hong Kong |
WHY SHOULD YOU BUY THIS REPORT?
VENDOR LIST
Existing Colocation Operators
New Operators
Snapshot of existing and upcoming third-party data center facilities in Hong Kong
Key Topics Covered:
1. About the Analyst
2. Data Center Capabilities
3. Research Methodology
4. Market Scope
5. Market Definitions
6. Market Snapshot
6.1. Colocation Market Snapshot
6.2. Global vs. APAC vs. Hong Kong Colocation Market Comparison
7. Supply & Demand Analysis
7.1. Existing vs. Upcoming Data Center Facilities
7.2. Market by Utilized Area
7.3. Market by Utilized Racks
7.4. Market by IT Power Capacity
7.5. Colocation Demand by Industry
8. Market Growth Factors
8.1. Factors Attracting Colocation Investment in Hong Kong
8.2. Sustainability Status in Hong Kong
8.3. Submarine Cables & Cloud Connectivity
8.4. Cloud On-Ramps & Investment in Hong Kong
9. Colocation Revenue & Pricing Analysis
9.1. Colocation Market by Revenue
9.2. Retail vs. Wholesale Colocation
9.3. Retail Colocation Pricing and Addons
9.4. Wholesale Colocation Pricing
9.5. Key Pricing Trends
10. Market Dynamics
10.1. Key Trends in the Market
10.2. Key Enablers / Drivers in the Market
10.3. Key Restraints in the Market
11. Competitive Landscape
11.1. Competitive Landscape by Colocation Operators
11.2. Market Share by Colocation Revenue
11.3. Market Share by IT Power Capacity
11.4. Existing Colocation Operators
11.5. New Operators
For more information about this report visit https://www.researchandmarkets.com/r/if7txf
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