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

Eaton Corporation, Black Box Corporation, Rittal GMBH & Co.KG, Schneider Electric SE and Dell Inc. are the major companies operating in the Hong Kong Data Center Rack Market. Read More

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

In 2023, the Hong Kong Data Center Rack Market size was estimated at 0.16 million units. The report covers the Hong Kong Data Center Rack Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hong Kong Data Center Rack Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Read More

Hong Kong Data Center Rack Market Size

Market Size of Hong Kong Data Center Rack Industry

Hong Kong Data Center Rack Market Summary

Study Period	2019 - 2030
Base Year For Estimation	2023
Market Volume (2024)	0.19 Million units
Market Volume (2030)	0.40 Million units
CAGR (2024 - 2030)	13.20 %
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order

Hong Kong Data Center Rack Market Analysis

The Hong Kong Data Center Rack Market size in terms of production volume is expected to grow from 0.19 Million units in 2024 to 0.40 Million units by 2030, at a CAGR of 13.20% during the forecast period (2024-2030).

The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country/region.

Under Construction IT Load Capacity: The upcoming IT load capacity of the Hong Kong data center market is expected to reach 1,700 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 we expect a few cables to come in the near future. One such submarine cable that is estimated to start service in 2025 is Asia Cable Link ALC, which stretches over 6,000 Kilometers with landing points from Hong Kong SAR, Mainland China.

Hong Kong Data Center Rack Industry Segmentation

A data center rack is a physical enclosure made up of usually steel housing electronic framework. It is designed to house servers, networking and communication devices, cables, and other data center computing peripherals.

The Hong Kong Data Center Rack Market is Segmented by rack size (quarter rack, half rack, full rack) and by end user (IT & Telecommunication, BFSI, government, and media & entertainment). The Market Sizes and Forecasts are Provided in Terms of Volume (Units) for all the Above Segments.

Rack Size
		Quarter Rack
		Half Rack
		Full Rack

End-User
		IT & Telecommunication
		BFSI
		Government
		Media & Entertainment
		Other End-Users

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Hong Kong Data Center Rack Market Size Summary

The Hong Kong data center rack market is experiencing significant growth, driven by the increasing demand for cloud computing, stringent government regulations on data security, and substantial investments from local players. The market is characterized by a shift towards fully equipped data centers to accommodate the rapid expansion of mobile broadband, e-commerce, and Big Data Analytics. The adoption of cloud services is particularly notable, with a majority of businesses in Hong Kong leveraging these platforms for their flexibility and cost-effectiveness. However, concerns regarding data protection and regulatory compliance have led to some hesitancy among businesses in fully embracing cloud solutions. The market is also witnessing a surge in demand for smart devices and 5G technology, which are expected to further propel the need for data center racks.

The market landscape is moderately consolidated, with key players such as Eaton Corporation, Black Box Corporation, Rittal GMBH & Co.KG, Schneider Electric SE, and Dell Inc. leading the charge. These companies are focusing on expanding their regional presence and enhancing their product offerings to meet the growing demand. Recent developments include the introduction of new rack solutions and the construction of additional data center facilities, which are anticipated to boost the market further. The increasing penetration of online shopping and the rise in digital payment solutions are also contributing to the heightened demand for data center racks, as businesses seek to optimize their infrastructure to support these trends.

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Hong Kong Data Center Rack Market Size - Table of Contents

1. Market Dynamics
1. 1.1 Market Overview
2. 1.2 Market Drivers
  1. 1.2.1 The Advent of 5G Network Expansion and Increasing usage of IoT devices
  2. 1.2.2 Fiber Connectivity Network Expansion in the Country
3. 1.3 Market Restraints
  1. 1.3.1 Increasing Cybersecurity Threats and Ransomware Attacks
  2. 1.3.2 Low Availability of Resources
4. 1.4 Value Chain / Supply Chain Analysis
5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis
  1. 1.5.1 Bargaining Power of Buyers/Consumers
  2. 1.5.2 Bargaining Power of Suppliers
  3. 1.5.3 Threat of New Entrants
  4. 1.5.4 Threat of Substitute Products
  5. 1.5.5 Intensity of Competitive Rivalry
6. 1.6 Assessment of COVID-19 Impact
2. MARKET SEGMENTATION
1. 2.1 Rack Size
  1. 2.1.1 Quarter Rack
  2. 2.1.2 Half Rack
  3. 2.1.3 Full Rack
2. 2.2 End-User
  1. 2.2.1 IT & Telecommunication
  2. 2.2.2 BFSI
  3. 2.2.3 Government
  4. 2.2.4 Media & Entertainment
  5. 2.2.5 Other End-Users

Hong Kong Data Center Rack Market Size FAQs

How big is the Hong Kong Data Center Rack Market?

The Hong Kong Data Center Rack Market size is expected to reach 0.19 million units in 2024 and grow at a CAGR of 13.20% to reach 0.40 million units by 2030.