Hong Kong DCI Report 2025: Data Centre Colocation, Hyperscale Cloud & Interconnection

Executive Summary

The Hong Kong data centre market is experiencing steady growth driven primarily by its status as a subsea cable connectivity aggregation hub in the APAC region. In 2025, this market is projected to be worth USD $2.5 billion and projected to reach $3.8 billion by 2030. The projected five-year CAGR for 2025-2030 is 8.5%.

The development of AI infrastructure across the APAC region is now starting to materialize. AI training deployments have landed markets that exhibit lower cost profiles. Given the relatively higher cost to build and operate in Hong Kong combined with the limitation of scale, the current impact of AI deployments within the Hong Kong market is modest at this point. As AI inference requirements grows overtime, Hong Kong will likely be an attractive hub for these deployments given its strong connectivity position in the region.

Geopolitical tensions between the US and China are a key factor that drives the near term growth and health of the Hong Kong market. This has largely appeared to have stabilized and this is a bullish sign that will likely lead to more data centre demand flowing in the Hong Kong market in the near to medium term. Structure Research expects there will continue to be a steady stream of hyperscale-grade demand for colocation capacity as Hong Kong will increasingly be used as a digital content and internet traffic distribution point for the APAC region.

Hong Kong remains to be a difficult market for large hyperscale cloud companies to build their own data centres in. These hyperscale companies are likely going to rely on local data centre operators and real estate developers that have the ability to manage the entire data centre development process from land acquisition, development, colocation leasing, and ongoing operations. Data centre infrastructure demand is increasingly going to come from hyperscale companies and this ensures the long-term viability of the market even as the demand profile starts to transition.

This report takes an in-depth look at the Hong Kong colocation and interconnection market. We track the market’s size and rate of growth while drilling into the inventory situation and demand profile. A complete picture of demand, supply, and absorption is provided, along with a detailed mapping of cloud infrastructure and interconnection nodes across the market. New and planned builds that are in the pipelinie are tracked and broken out with granularity across the different clusters. There is also a particular focus on leasing activity by the top hyperscale cloud platforms given they have account for a meaningful share of demand.

This report is an excellent resource for any operator, investor, or end user (service provider or enterprise) that is looking to understand and project the data centre market in Hong Kong or find a service provider.