Hong Kong’s data center market will face mounting challenges over the next 5 years

SYDNEY, Australia, Sept. 03, 2019 (GLOBE NEWSWIRE) -- BuddeComm has released a series of country reports on data centers and analysts found that over the next 5 to 10 years, Hong Kong will face a growing number of challenges due to many new local supply entering the market, and a growing secondary and cheaper market in neighboring countries Indonesia and Malaysia.

Key findings include:

• Google, Facebook and Alibaba Cloud have been key in driving demand for data centre services, significantly increasing their uptake of data centre capacity in Asia and particularly in Hong Kong over the past few years, by building massive-scale platforms.
   
• The Asia-Pacific region is undergoing strong wholesale colocation growth driven by large-scale international cloud providers ( Amazon Web Service (AWS), Google, Microsoft and IBM) as they expand in major hubs Sydney, Melbourne, Singapore, Hong Kong and Tokyo.
   
• Cloud operators have overtaken financial service clients to be the largest occupiers of data centers.
   
• Hong Kong provides land for data center use such as the Hong Kong Science and Technology Parks Corporation (HKSTPC). Other concentrations of data centers can be found in Tseung Kwan O Industrial Estate.

The Hong Kong Data Centres report is available here. For an interview with an analyst feel free to contact me at iguettou@budde.com.au.

About Budde Comm:

Paul Budde Communication is an independent research and consultancy company, focusing on the telecommunications market and its role within the digital economy. We specialise in high-level strategic and statistical research and provide consultancy services to international agencies, governments and businesses. The research offered by BuddeComm’s worldwide network of researchers and analysts encompasses 190 countries, 500 companies and 200 discrete technologies and applications. For more information, please visit http://www.budde.com.au.

Media Contact:

Intissar Guettou

iguettou@budde.com.au

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