The demand for cloud computing services has already grown exponentially over the last decade. According to data from Hong Kong’s Legislative Council Secretariat, the proportion of Hong Kong businesses using cloud computing services jumped from just 7 percent in 2013 to 95.2 percent in 2021.
Moreover, a research report from Arizton projects that over 50 percent of future demand for data centers will come from cloud service providers. This will mean that on-premise data centers for individual companies will decline, while colocation and cloud data centers will increase, along with the companies that provide related services and solutions.
Hong Kong already has a relatively saturated cloud market with several large active domestic and international players, most notably AWS, Google Cloud, Microsoft Azure, and Tencent Cloud.
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