DUBLIN–(BUSINESS WIRE)–The “Hong Kong Data Center Market – Investment Analysis & Growth Opportunities 2023-2028” report has been added to ResearchAndMarkets.com’s offering.
Hong Kong data center market will reach a value of $4.18 billion by 2028 from $3.72 billion in 2022, with investments growing at a CAGR of 1.97%
This report analyses the Hong Kong data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments.
Hong Kong has around 55 operational colocation data centers. Most colocation facilities are being developed according to Tier III standards. The country has global operators such as Equinix, Digital Realty, Global Switch, Vantage Data Centers (PCCW Solutions), NTT Global Data Centers, and China Mobile International.
Hong Kong data center market is driven by the consistent demand aided by digitalization initiatives, the presence of all major cloud operators, strong connectivity, strong ecosystems, nationwide deployment of 5G technology, and the presence of data protection law, the Personal Data (Privacy) Ordinance (PDPO).
The rising adoption of cloud-based services is helping the growth of retail and wholesale colocation services in the market. The industry is witnessing increased demand for colocation spaces across existing and upcoming data centers.
The deployment of 5G networks will boost the digital economy of the region and will lead to higher demand for high-bandwidth networking infrastructure. The adoption of Software Defined Networking (SDN) is likely to increase owing to smart city initiatives carried out by government agencies.
Investments from data center operators in the industry are growing in several locations. The major locations for data center developments in the market include Kwai Chung, Tsuen Wan, Tseung Kwan O, Fo Tan, Chai Wan, Tai Po, and others.
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VENDOR LANDSCAPE
Key Attributes:
Report Attribute | Details |
No. of Pages | 115 |
Forecast Period | 2022 – 2028 |
Estimated Market Value (USD) in 2022 | $3.72 Billion |
Forecasted Market Value (USD) by 2028 | $4.18 Billion |
Compound Annual Growth Rate | 1.9% |
Regions Covered | Hong Kong |
Major Vendors
IT Infrastructure Providers
Data Center Construction Contractors & Sub-Contractors
Support Infrastructure Providers
Data Center Investors
New Entrants
EXISTING VS. UPCOMING DATA CENTERS
REPORT COVERAGE:
IT Infrastructure
Network Infrastructure
Electrical Infrastructure
Mechanical Infrastructure
Cooling Systems
General Construction
Physical Security
Tier Standard
For more information about this report visit https://www.researchandmarkets.com/r/l3kqvg
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