Hong Kong Data Center Growth Report 2024-2029: Market will Witness Investments of $4.8 Billion by 2029 with Goodman Emerging as a Major Investor [Yahoo! Finance]
HKT TRUST AND HK UNSP/ADR (HKTTY)
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Source: Yahoo! Finance
The Hong Kong data center market will witness investments of USD 4.80 billion by 2029 from $3.97 billion in 2023, growing at a CAGR of 3.23% This report analyses the Hong Kong data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments. The Hong Kong data center market is witnessing immense growth through investments from global and local data center operators. Some of the major colocation operators in the market include SUNeVision Holdings (iAdvantage), Equinix, Digital Realty, Vantage Data Centers, NTT DATA, Global Switch, BDx (Big Data Exchange) and AirTrunk. The widespread use of cloud services is powering the growth of the Hong Kong data center market, the implementation of artificial intelligence (AI), handling large-scale data (Big Data), the Internet of Things (IoT
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