The Hong Kong data centre market continues to experience steady growth and demand coming from the hyperscale and enterprise verticals. In 2024, this market is projected to be worth USD $2.1 billion and reach $3.5 billion by 2029. The projected five-year CAGR for 2024-2029 is 10.0%.
Hong Kong is one of the most interconnected markets because it serves as a submarine cable aggregation hub for internet traffic traversing the APAC region. The concentration and diversity of connected submarine cables landing in Hong Kong make it a preferred location for both hyperscale and enterprise companies.
Hong Kong has proven to be a relatively challenging market to navigate, read this whitepaper to learn about the intricacies of the market, the hyperscale demand, and the impact of increased subsea cable connection.