The Hong Kong data center server market reached a value of USD 388.8 million in the previous year, and it is further projected to register a CAGR of 13.2% during the forecast period. The increasing demand for cloud computing among small and medium-sized enterprises (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.
The Hong Kong data center server market is relatively low in terms of competition and has some players in the market, such as Dell Inc., Cisco Systems Inc., Kingston Technology Company Inc., Inspur Group., Fujitsu Limited. These major players focus on expanding their customer base in the country. These companies leverage strategic collaborative initiatives to increase their market share and profitability.
In May 2023, Cisco introduced UCS X servers that cut data center energy use in half; the combination of the Cisco Intersight infrastructure management platform and Unified Computing System (UCS) X-Series servers reduce data center energy consumption by up to 52% at a 4:1 server consolidation rate.
In March 2022, Inspur Information, a world-leading IT infrastructure solutions provider, and JD Cloud, a digital and intelligent solutions provider, announced they have jointly launched the liquid-cooled rack server ORS3000S at the 2022 Inspur Partner Forum (IPF22).
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