What is the current state of the data center market in your region?
The Hong Kong data center market remains in demand. With HK enterprises beginning to move their on-premise server racks to clouds, hyperscalers continue to grow their capacity in colocation data center providers in Hong Kong. While the geopolitical tension does cast uncertainty in the market, putting some customers on “hold and observe” mode, the overall demand in the market still exceeds the current supply. Thus colo pricing holds up very well with the upward trend in the past 12 months.
What are the key drivers and goals of the data center business in your region?
There are two key drivers:
1) HK is the Asia regional connectivity hub, with its central geographical location and dense subsea resources.
2) Hyperscalers are growing to serve corporate needs in HK as Asia’s financial center.
The goal of the HK data center business is to serve the “high end” data needs (hot data) that can pay for a highly connected, low latency, highly resilient infrastructure (telco, subsea, stable electricity grids, etc).
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