Who are the key players in Hong Kong Data Center Physical Security Market?

ABB Ltd, Securitas Technology, Bosch Sicherheitssysteme GmbH, Honeywell International Inc. and Schneider Electric are the major companies operating in the Hong Kong Data Center Physical Security Market. Read More

What years does this Hong Kong Data Center Physical Security Market cover, and what was the market size in 2023?

In 2023, the Hong Kong Data Center Physical Security Market size was estimated at USD 23.79 million. The report covers the Hong Kong Data Center Physical Security Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hong Kong Data Center Physical Security Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Hong Kong Data Center Physical Security Market Size

Market Size of Hong Kong Data Center Physical Security Industry

Hong Kong Data Center Physical Security Market Summary

Study Period	2018 - 2029
Base Year For Estimation	2023
Market Size (2024)	USD 29.92 Million
Market Size (2029)	USD 76.01 Million
CAGR (2024 - 2029)	20.50 %
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order

Hong Kong Data Center Physical Security Market Analysis

The Hong Kong Data Center Physical Security Market size is estimated at USD 29.92 million in 2024, and is expected to reach USD 76.01 million by 2029, growing at a CAGR of 20.5% during the forecast period (2024-2029).

The security measures can be categorized into four layers: perimeter security, facility controls, computer room controls, and cabinet controls. The first layer of data center security is to discourage, detect, and delay any unauthorized entry of personnel at the perimeter. In case of any breach in the perimeter monitoring, the second layer of defense restricts access. It is an access control system using card swipes or biometrics.

The third layer of physical security further restricts access through diverse verification methods, including monitoring all restricted areas, deploying entry restrictions such as turnstiles, providing VCA, providing biometric access control devices to verify finger and thumbprints, irises, or vascular patterns, and using radio frequency identification. The first three layers ensure the entry of only authorized personnel. However, further security measures to restrict access include cabinet locking mechanisms. This layer addresses the fear of an 'insider threat', such as a malicious employee.

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 a few more are expected in the future. One submarine cable estimated to start service in 2025 is Asia Cable Link ALC, which stretches over 6,000 km and has landing points from Hong Kong SAR, Mainland China.

Hong Kong Data Center Physical Security Industry Segmentation

The data center physical security market refers to the industry focused on providing products and services to safeguard data centers' physical infrastructure and assets. This includes measures to protect data centers from unauthorized access to premises, hardware theft, vandalism, sabotage, terrorist acts, and other physical threats. Data center physical security components may include video surveillance and monitoring, access control systems, physical barriers, biometric authentication, and environmental controls designed to ensure the safety and integrity of the data center environment.

The Hong Kong data center physical security market is segmented by solution type, service type, and end user. By solution type, the market is segmented into video surveillance, access control solutions, and other solution types. Service type is segmented into consulting services, professional services, and other service types. By end user, the market is segmented into IT & telecommunication, BFSI, government, media & entertainment, and other end users. The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Solution Type
		Video Surveillance
		Access Control Solutions
		Other Solution Types (Mantraps, Fences, and Monitoring Solutions)

By Service Type
		Consulting Services
		Professional Services
		Other Service Types (System Integration Services)

End User
		IT & Telecommunication
		BFSI
		Government
		Healthcare
		Other End Users

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Hong Kong Data Center Physical Security Market Size Summary

The Hong Kong data center physical security market is poised for significant growth, driven by the increasing demand for secure data management solutions. As data centers house sensitive information, robust security measures are paramount. The market is characterized by a multi-layered security approach, including perimeter security, facility controls, computer room controls, and cabinet controls, each designed to deter, detect, and delay unauthorized access. The market's expansion is further fueled by the development of new data centers, such as those by Big Data Exchange and AirTrunk, which are set to enhance the region's IT load capacity and infrastructure. The integration of advanced security technologies, such as video surveillance and biometric access controls, plays a crucial role in maintaining the integrity and security of data centers.

The competitive landscape of the Hong Kong data center physical security market is moderately dynamic, with key players like ABB Ltd, Securitas Technology, Bosch Sicherheitssysteme GmbH, Schneider Electric, and Honeywell International Inc. actively enhancing their offerings through strategic partnerships and acquisitions. Innovations such as Schneider Electric's EcoCare services and the integration of Zwipe's fingerprint-scanning smart card exemplify the industry's commitment to advancing security solutions. The market's growth is also supported by the increasing adoption of cloud services and the expansion of telecom infrastructure, driven by the rising number of smartphone users and the implementation of 5G technology. These developments underscore the critical role of physical security in safeguarding data centers amidst the evolving technological landscape.

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Hong Kong Data Center Physical Security Market Size - Table of Contents

1. Market Dynamics
1. 1.1 Market Overview
2. 1.2 Market Drivers
  1. 1.2.1 Growing Innovation in Video Surveillance Among the Market Players
  2. 1.2.2 Increasing Data Center Projects
3. 1.3 Market Restraints
  1. 1.3.1 The High Costs Associated with Physical Security Infrastructure
4. 1.4 Value Chain/Supply Chain Analysis
5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis
  1. 1.5.1 Threat of New Entrants
  2. 1.5.2 Bargaining Power of Buyers/Consumers
  3. 1.5.3 Bargaining Power of Suppliers
  4. 1.5.4 Threat of Substitute Products
  5. 1.5.5 Intensity of Competitive Rivalry
6. 1.6 Assessment of the COVID-19 Impact
2. MARKET SEGMENTATION
1. 2.1 By Solution Type
  1. 2.1.1 Video Surveillance
  2. 2.1.2 Access Control Solutions
  3. 2.1.3 Other Solution Types (Mantraps, Fences, and Monitoring Solutions)
2. 2.2 By Service Type
  1. 2.2.1 Consulting Services
  2. 2.2.2 Professional Services
  3. 2.2.3 Other Service Types (System Integration Services)
3. 2.3 End User
  1. 2.3.1 IT & Telecommunication
  2. 2.3.2 BFSI
  3. 2.3.3 Government
  4. 2.3.4 Healthcare
  5. 2.3.5 Other End Users

Hong Kong Data Center Physical Security Market Size FAQs

How big is the Hong Kong Data Center Physical Security Market?

The Hong Kong Data Center Physical Security Market size is expected to reach USD 29.92 million in 2024 and grow at a CAGR of 20.5% to reach USD 76.01 million by 2029.