Hong Kong Data Center Colocation Market Expected to Reach $2.52 Billion by 2030 with 14 New Facilities in the Works.

The Hong Kong data center colocation market is projected to grow from $1.41 billion in 2024 to $2.52 billion by 2030 at a CAGR of 10.16%. The market is led by SUNeVision Holdings (iAdvantage) with a 23.8% revenue share, followed by NTT Data and Equinix. The market is driven by the increasing demand for data storage and computing services, and the growing number of data centers in Hong Kong.

The Hong Kong data center colocation market is experiencing robust growth, projected to expand from USD 1.41 billion in 2024 to USD 2.52 billion by 2030, at a CAGR of 10.16% [1]. This growth is driven by the increasing demand for data storage and computing services, and the proliferation of data centers in Hong Kong.

The market is led by SUNeVision Holdings (iAdvantage), which holds a significant 23.8% revenue share, followed by NTT Data and Equinix. iAdvantage's strong dominance in the retail colocation space is supported by a broad customer base and premium locations. The leading locations for data centers include Tseung Kwan O, Tsuen Wan, Kwai Chung, and Fanling [1].

The number of colocation data center facilities in Hong Kong is gradually increasing, with around 54 existing facilities and 14 upcoming ones. The market is characterized by a high utilization rate of installed power, with approximately 80% of the capacity currently in use. This reflects a mature infrastructure and high demand concentration from major colocation and hyperscale operators [1].

The market is also driven by the growing investment in colocation services, with key players like Digital Realty, Global Switch, and OneAsia Network contributing significantly. Additionally, new entrants such as ESR and Mapletree Investments are entering the market, indicating the potential for further growth and competition [2].

The market's growth is underpinned by several factors, including the increasing adoption of cloud services, the need for high-speed connectivity, and the growing demand for data centers in the financial services sector. Furthermore, the development of new submarine cables and cloud-on-ramps services is expected to enhance the market's connectivity and sustainability [1].

In conclusion, the Hong Kong data center colocation market is poised for significant growth, driven by technological advancements, increasing demand for data services, and strategic investments. The market's competitive landscape is characterized by established players and new entrants, creating opportunities for both growth and innovation.

References:
[1] https://www.globenewswire.com/news-release/2025/07/31/3124708/28124/en/Hong-Kong-Data-Center-Colocation-Market-Report-2025-2030-14-New-Data-Center-Facilities-Set-to-Enhance-Hong-Kong-s-Growing-Colocation-Landscape.html
[2] https://finance.yahoo.com/news/hong-kong-data-center-colocation-080300914.html