The Hong Kong Data Center Storage Market size is estimated at USD 1.21 billion in 2024, and is expected to reach USD 1.88 billion by 2029, growing at a CAGR of 9.09% during the forecast period (2024-2029).
The landscape of Hong Kong's Data Center Storage market is moderately 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.
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