Artificial Intelligence
Micron Scales Storage to New Heights With Launch of Two Data Center Drives
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BOISE, Idaho, May 16, 2023 (GLOBE NEWSWIRE) — Micron Technology, Inc., (Nasdaq: MU), today announced the release of two SSDs, the Micron 6500 ION NVMe SSD and the Micron XTR NVMe SSD. Designed to keep pace with the accelerating growth of data, these drives provide a major advancement for data centers by lowering operating costs and improving storage efficiency. The Micron 6500 ION is a high-capacity SSD that offers a superior value over competitive QLC-based drives by providing best-in-class performance and enabling a more environmentally sustainable data center. The 6500 ION is able to deliver TLC performance and QLC-like cost due to Micron’s 232-layer technology node leadership compared to the competition’s use of sub-200-layer QLC technology. When paired with Micron 6500 ION drives or other SSDs, the Micron XTR SSD delivers extreme endurance that enhances system performance.
“Customers are looking for new capabilities to address the data growth and performance needs of artificial intelligence data lakes and other demanding workloads. As a result, we are seeing tremendous traction on the 6500 ION and XTR with customers who are deploying storage at scale due to their unrivaled combination of large capacity, superior performance, and amazing endurance,” said Alvaro Toledo, vice president and general manager of Micron’s Data Center Storage group. “The 6500 ION SSD offers QLC value with TLC performance and up to a 20% reduction in power consumption versus competing QLC SSDs, allowing our customers to reduce their carbon footprint. Together, these SSDs enable customers to leap ahead and harness the power of artificial intelligence without compromising performance.”
Micron 6500 ION SSD: QLC value. TLC performance. Micron innovation.
The Micron 6500 ION SSD is the demonstrably better performing high-capacity value SSD compared to the primary alternative1 with:
- 34% better average read latency2
- 58% faster sequential writes3
- Up to 62% more 4KB random read IOPS4
- Over 30 times more 4KB random write IOPS at a queue depth (QD) of 128 and over 10 times more at QD1
- More than 10 times better 4KB random write endurance (RDWPD)5
The Micron 6500 ION also unleashes this high performance in real-world workload testing:
- For Ceph object storage workloads, high-performance, high-capacity NVMe SSDs like the Micron 6500 ION are an ideal fit offering high performance and massive capacity in the same object store. Moreover, the Micron 6500 ION NVMe SSD test results show meaningful performance improvements in all tested workloads against the leading competitor.1Ceph object storage workload results6:
- 100% sequential writes are up to 3.5 times better
- 100% sequential reads are up to 47% better
- 100% random reads are up to 49% better
- Mixed I/O (sequential reads and writes) are up to 62% better
- Mixed I/O (random reads and sequential writes) are up to 27% better
- For Cassandra NoSQL database, a highly scalable, distributed database used for workloads such as fraud detection, global logistics, cloud document storage, and social media applications, the Micron 6500 ION SSD routinely demonstrates higher peak performance and better 99.99% (four nines) read latency than the competitor’s QLC SSD. The Micron 6500 ION’s peak performance is up to 2.6 times better than the competitor’s drive for the Yahoo! Cloud Serving Benchmark7 (YCSB) Workload C (100% read profile). The four nines read latency is up to 9.2 times better for the YCSB Workload F (recording user sessions profile). These improvements across a broad range of common NoSQL workloads will often have a significant impact on data center performance, making the Micron 6500 ION SSD the preferred high-capacity SSD for Cassandra and other NoSQL database deployments.
- For WEKA software-defined storage, a high-performance, scalable software storage solution, the Micron 6500 ION proves that it can help deliver massive storage capacity and workload results without the compromises of the competitor’s QLC SSD. In a six-node cluster configuration, the WEKA cluster with 48 Micron 6500 ION SSDs delivers up to 5.2 million IOPS and up to a whopping 112GB/s throughput per node – all while providing nearly 1.5PB to the cluster.
“WEKA is leading a paradigm shift in how data is stored, managed, and processed. Our software-defined solution helps organizations transform their traditional, stagnant data silos into dynamic, fluid data pipelines that fuel next-generation workloads like AI, ML, and HPC seamlessly and sustainably,” said Nilesh Patel, WEKA’s chief product officer. “The WEKA Data Platform requires a high-performance hardware or cloud foundation to deliver maximum value to our customers. Through our collaboration with Micron and its new 6500 ION, we can deliver the performance our customers rely on with improved power consumption and cost savings.”
The Micron 6500 ION reduces upfront purchase costs by coming in at a comparable price point to QLC SSDs while improving performance and endurance.8 It decreases operating expenses by using less power and requires less cooling. The drive’s 30.72TB capacity and dense form factors facilitate server consolidation lessening server software license costs9 and carbon emissions — all while outperforming and outlasting the competition. The 6500 ION also provides the industry’s most advanced security features including Federal Information and Processing Standards (FIPS) ASIC certifiability and compliance with the Trade Agreement Act (TAA).
“Supermicro works with leading suppliers such as Micron to bring the latest technology to demanding customers worldwide who require a high-performing and secure storage technology,” said Wally Liaw, Co-Founder and Senior Vice President of Business Development at Supermicro. “Customers that choose the new Micron 6500 ION SSD for their storage solutions can leverage its security features and the value of QLC with TLC performance.”
Micron XTR SSD: Extreme endurance for write-intensive workloads.
The Micron XTR SSD delivers extreme endurance to enable the reliable caching necessary for write-heavy workloads. When paired with the Micron 6500 ION, the Micron XTR optimizes storage workloads with minimal investment when compared to storage class memory-based solutions. The Micron XTR SSD is ideal for use cases that are write-intensive such as caching tiers, write buffering, logging and journaling, and online transaction processing workloads. Designed with Micron’s proven vertically integrated storage architecture, the Micron XTR SSD also features an industry-leading security suite to instill confidence in data center deployments.
The Micron XTR SSD allows:
- Up to 35 random drive writes per day (DWPD) and up to 60 sequential DWPD; endurance ratings that far exceed conventional SSDs
- Up to 35% of the random DWPD endurance at 20% of the cost of a SCM SSD10
- Up to 44% less power consumption11
- 20% more usable capacity12
In Microsoft SQL Server Analytics workload testing, where exceptional storage performance and optimal endurance are vital, the Micron XTR and Micron 6500 ION SSDs perform similarly to a solution using Micron 6500 ION and storage class memory (SCM) SSDs.13 When the Micron XTR and 6500 ION SSDs are combined, the Micron XTR fulfills the same role as the SCM SSDs by delivering nearly identical query performance.14 The Micron 6500 ION offers primary storage to meet the SQL Server performance and capacity needs, while the Micron XTR enables the endurance needed for the write-intensive operations in SQL Server, such as the tempdb volumes.15
With the availability of the 6500 ION and XTR SSDs, Micron now delivers an innovative duo of high-capacity and high-endurance NVMe SSDs. This new SSD combination enables data center operators to massively scale storage, control costs and improve data center sustainability by using less power than previous technologies.
The 30.72TB capacity Micron 6500 ION SSD is available in the U.3 (15mm) and E1.L (9.5mm) form factor, while the Micron XTR is available in the U.3 (15mm) form factor in both 960GB and 1.92TB capacities.
Visit micron.com/6500ION and micron.com/XTR for more information.
Resources
About Micron Technology, Inc.
We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence and 5G applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.
© 2023 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.
1 All comparisons to similar competitive product offerings are based on the Solidigm D5-P5316 30.72TB SSD from public information available at the time of this document’s publication or on Micron testing. Value means the combination of performance, features, longevity, capacity, and purchase price. Performance refers to IOPS, GB/s or both. Latency statements refer to 99.99% read latency in 4KB 100% random, 100% read workload. Sequential write statements based on 128KB 100% sequential write workload. Random IOPS statements based on 4KB 100% random workloads.
2 Average read latency for 4KB 100% random read at queue depth of 1.
3 58% improvement measured at QD32 and QD64. Measurements made at QDs 1 to 256 yielded a range of improvements from -7% to 58% when compared to the competitor’s drive.
4 62% improvement measured at QD32. Other measurements were made at QDs ranging from 1 to 256 and yielded a range of 18% to 62% improvements over the competitor’s drive.
5 Solidigm documentation states that its endurance is rated using a 64KB 100% random write workload and is 0.41 DWPD. Rated Solidigm D5-P5316 endurance at 64KB transfer size is estimated to be 1/16 of the rated endurance for a 4KB transfer size, yielding a 4KB value of 0.0256 (0.41/16). Micron 6500 ION rates endurance using 4KB random write workloads and is 0.3 DWPD.
6 Testing results are derived from Micron internal testing.
7 Additional details on YCSB are available from https://github.com/brianfrankcooper/YCSB.
8 Pricing statement based on public information available at the time of this document’s publication.
9 When software is licensed by chassis, CPU, or CPU core.
10 Statements based on public pricing for the Intel Optane P5800x 1.6TB compared to NAND-based SSDs of similar capacity available at the time of this document’s publication. Unformatted. 1GB = 1 billion bytes. Formatted capacity is less.
11 Based on public power consumption data for the Intel Optane P5800X-1.6TB, P5810X-800GB, P5800X-800GB and P5800X-3.2TB SSDs
12 Statement based on comparison of published usable capacities of the Micron XTR-1.92TB and the Intel Optane P5800X-1.6TB at the time of this document’s publication.
13 The SCM SSD used in the Microsoft SQL Server Analytics workload testing was the Intel® Optane™ SSD DC P5800X. The supplier has announced that it is discontinuing future development of this product. See the following link for the announcement details: https://www.intel.com/content/www/us/en/support/articles/000091826/memory-and-storage.html Intel® Optane™ are trademarks of Intel Corporation or its subsidiaries.
14 Based on Micron testing. See www.micron.com/XTR for additional details.
15 See https://learn.microsoft.com/en-us/sql/relational-databases/databases/tempdb-database?view=sql-server-ver16 for more information on tempdb.
Artificial Intelligence
Cayman Enterprise City Publishes Socio-Economic Impact Assessment by Economist and Leading Advisor on the Caribbean, Marla Dukharan
The Impact of Cayman Enterprise City’s Socio-Economic Development Project Nears USD $1 Billion
GRAND CAYMAN, Cayman Islands, May 16, 2024 /PRNewswire/ — Cayman Enterprise City (CEC) has released a Socio-Economic Impact Assessment by Marla Dukharan. The report illustrates that CEC is increasing its impact by supporting higher earnings for Caymanians and is driving a shift towards a knowledge-based economy by focusing on high productivity sectors. The release by Dukharan reads, “Caymanian resourcefulness and private sector-led innovation have been the driving force behind the islands’ outstanding socio-economic success. Cayman Enterprise City underpins the next generation of Cayman innovation and dynamism.”
With an economic impact of USD $130 million in 2023, contributing just under USD $1 billion to the local economic activity in 12 years since inception, “CEC is helping the nation to diversify economically, in terms of sectors and jobs, ensuring locals have economic and employment opportunities that match the nation’s progress,” the report reads.
The CEC socio-economic development project is now home to 352 Special Economic Zones Companies (SEZCos), many of which are globally recognised institutions led by top executives and industry experts. “CEC member companies are providing high-value employment with salaries exceeding those typically found outside of the special economic zone,” said Charlie Kirkconnell, Chief Executive Officer at CEC. “The CEC community is fully invested in Cayman and the report illustrates that the CEC socio-economic development project is making a very significant impact on Cayman’s economy and community.”
“As CEC continues to grow, it continues to create significant employment and entrepreneurial opportunities for Caymanians and we encourage anyone that might be interested in finding out how they might get involved, whether as a member of the community and/or as a volunteer in our Enterprise Cayman non-profit organisation (NPO).”
77% of Caymanian-held jobs at CEC member companies, are in sectors with high social returns and increasing global demand. “By putting skills first and prioritizing learning, CEC is enabling new industries to take root,” the release by Dukharan reads.
CEC, through its Enterprise Cayman NPO, is a first-mover in private sector-facilitated education and training in the Caribbean, making it a leading force to boost youth participation in the economy. By offering training in specialised skills, Enterprise Cayman is helping to close the gap in higher education and earnings for Caymanians. “Through Enterprise Cayman we’ve set out to strategically support meaningful employment and entrepreneurial opportunities for Caymanians, by providing internship and mentorship opportunities, by hosting skill-building and career focused training, and by providing invaluable networking and community engagement opportunities,” said Kirkconnell.
In 2023 individuals took advantage of 4,226 opportunities to participate in education, training, and career development events and, since launching entrepreneurial programming in 2021, Enterprise Cayman has worked with 41 new Cayman-born business ventures. “We’re helping to develop a local talent pool that meets the demand of Cayman’s growing digital innovation and technology sectors while, in parallel, offering exciting opportunities for individuals to launch new business ventures within an innovative business environment,” said Kirkconnell.
With CEC’s new campus and state-of-the-art facilities, Signal House, the project “holds the promise of deep, continued economic impact,” the report concludes.
To access CEC’s economic impact assessments and Enterprise Cayman’s annual reports please visit https://www.enterprisecayman.ky/reports. For more information on how to get involved and for upcoming programmes and events visit www.enterprisecayman.ky.
Website: www.caymanenterprisecity.com LinkedIn: @CaymanEnterpriseCityTwitter: @CEC_CaymanInstagram: @CaymanEnterpriseCityFacebook: @CaymanEnterpriseCityYouTube: @ceccayman
About Cayman Enterprise City
Cayman Enterprise City (CEC) is an award-winning development project which consists of three special economic zones (SEZs) focused on attracting knowledge-based and specialised-services businesses to set up a genuine physical presence in the Cayman Islands. The zones included within CEC are Cayman Tech City, Cayman Commodities & Derivatives Centre, and Cayman Maritime & Aviation City. With a dedicated Government Authority, licensing fee concessions and guaranteed fast-track processes, CEC enables international companies to quickly and efficiently establish a Cayman Islands office, which in turn enables them to generate active business income within a tax neutral environment.
About Enterprise Cayman
Enterprise Cayman is a non-profit organisation (NPO) powered by Cayman Enterprise City in partnership with Cayman Islands’ special economic zone companies (SEZCos). The organisation, which applies the Theory of Change (TOC) methodology, provides Caymanians and residents with access to high-quality learning experiences and opportunities to develop and launch new business ventures, to pursue careers within the technology and innovation sectors, and to join a dynamic network of industry professionals. Let’s grow the next generation of Caymanian innovators and entrepreneurs with Enterprise Cayman!
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FOR MORE INFORMATION:Contact: Kaitlyn Elphinstone Email: [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/cayman-enterprise-city-publishes-socio-economic-impact-assessment-by-economist-and-leading-advisor-on-the-caribbean-marla-dukharan-302148206.html
Artificial Intelligence
Strava Unveils New Chapter of Accelerated Product Development at Brand’s Flagship Event
The Company introduces increased product velocity, leveraging advancements in Artificial Intelligence, in service of its vision of a world connected through movement
LOS ANGELES, May 16, 2024 /PRNewswire/ — Strava, the leading digital community for active people with more than 125 million athletes, today showcased its latest initiatives and product developments at its annual event, Camp Strava. With the theme of Progress, Together company leaders announced how the platform will empower its global community to make progress in the way they explore, move, and connect on Strava.
“Strava is gaining momentum to realize our vision of a world connected through movement,” said Michael Martin, chief executive officer of Strava. “We are focused on two fundamental shifts to accelerate how we deliver value to 125 million people globally– building for women and leveraging Artificial Intelligence – which will unlock new community-and-partner-powered experiences across the platform.”
A New Era of Product VelocityStrava, with new leaders at the helm, is ushering in its next era of product velocity. The company listened closely to feedback from its global community and announced three of the most requested features coming to the platform by the end of the year.
The first of these updates, AI-enabled Leaderboard Integrity, will harness machine learning to automatically flag irregular, improbable, or impossible activities recorded to the platform. Trained by millions of activities, this feature allows all users on Strava to play fair and have more fun.
Additionally, the company announced a new Family Plan Subscription, the sister of the company’s Student Plan. With Family Plan, it’s easier to make a fitness commitment with your community by sharing an annual subscription with up to three other people – friends, family, or fitness family. Launching in select countries this summer, with plans to roll out globally by the end of the year, Strava’s newest annual subscription option offers the best value for groups (up to four), with a discount off the regular subscription price for each member.
Strava also implemented an updated design system, an initiative that is integral in driving a heightened pace of product innovation at the company. Through this work, Strava announced the launch of one of the company’s most requested features, Dark mode. Dark mode will improve the in-app experience for all users, reducing eye strain and improving accessibility while they record activity or scroll through the feed. Athletes can expect a rollout later this summer with options to keep their mobile settings always dark, always light, or match their device settings.
Company leaders highlighted several other features and updates to current products like Flyover, with its next iteration offering an overlay with activity stats and off-platform sharing capabilities. The overlay is available today for Strava subscribers and an off-platform sharing option will be released later this year.
Build for Her, Build for ManyStudies show that women of all ages participate in sports at a far lower rate than men, and overall, despite wanting to be active, find less time to dedicate to an active lifestyle. As the company continues on its mission to motivate people to live their best active lives, building for women on the platform will ultimately serve everyone in the Strava community. Several new features and initiatives were announced as a part of this strategic focus, which includes:
Night Heatmaps: Night Heatmaps show only activities between sundown and sunrise – so athletes can get an idea of which roads, trails, and paths are well-trafficked after hours. Since Night Heatmaps filter for after-hours routes, it can be a helpful tool for female athletes training before sunrise and after sunset.Quick Edit: For active women, having control over what is shared with the Strava community that cheers them on – like what time a run is logged – is important. Quick Edit makes it easier to make the most common edits – like activity name, and privacy settings so you can hide your start time, your map, or other workout stats.Strive for More®: The company announced a new phase of its Strive for More® initiative, created in 2022 to promote and support women in movement and sport. Today, Strava unveiled an official partnership with media company TOGETHXR to encourage more women to watch – and play – women’s sports. As part of the partnership, Strava will also donate $100,000 to the Alex Morgan Foundation, started by co-founder of TOGETHXR, Alex Morgan, to support their mission to help girls and women find confident paths forward in sports and life.Athlete IntelligenceToday, Strava announced the start of an accelerated product roadmap, outlining how Strava will implement the latest technological enhancements in AI and machine learning, to transform the athlete experience.
One key advancement to the platform includes the company’s latest development, Athlete Intelligence. Strava is introducing its beta AI-powered feature which turns each subscriber’s training data into an easily digestible summary that contextualizes their accomplishments and fitness goals. Unlike other AI-powered training services, Strava connects with thousands of devices, wearables, and fitness apps, so an athlete’s insights can consider their entire fitness story across multiple sports and modalities.
The features shared at Camp Strava will be released on a rolling basis through the end of the year. To view the full list of product releases and further details, visit www.press.strava.com.
For more information on Strava, to create a free account, or to start a free subscription trial visit www.strava.com.
About Strava Strava is the leading digital community for active people with more than 125 million athletes, in more than 190 countries. The platform offers a holistic view of your active lifestyle, no matter where you live, which sport you love and/or what device you use. Everyone belongs on Strava when they are pursuing an active life. Join the community, find motivation and discover new experiences with a Strava subscription.
Visit www.strava.com for more information and connect with Strava on Instagram, Twitter, Facebook, YouTube and LinkedIn.
Media Contact: [email protected]
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Artificial Intelligence
Japan Data Center Market Investment to Reach $14.48 Billion by 2028 – Watch Out Exclusive Insight on Japan & Hong Kong Data Center Market – Arizton
CHICAGO, May 16, 2024 /PRNewswire/ — Arizton publishes the latest research report on the Japan data center market and Hong Kong data center market.
The Japan Data Center Market to Witness Investments of $14.48 Billion by 2029.
Get Insights on 107 Existing Data Centers and 41 Upcoming Facilities across Japan.
The data center market in Japan is experiencing the emergence of self-built hyperscale data center facilities by major operators such as Google, Microsoft, and Amazon Web Services (AWS). This development is expected to impact the colocation market in Japan. Since these hyperscale operators store workloads in their own data center facilities, it may reduce the source of revenue generation for colocation operators.
Japan is a well-established data center market in the APAC region. The country supports investments with its macroeconomic policies and other incentives for investors. The market is witnessing several investments from local and global data center operators, further expanding its presence. Tokyo and Osaka are Japan’s major destinations for data center development, accounting for over 90% of the existing data center facilities. The government announced the offer of subsidies in Hokkaido and Kyushu for data center development and decentralize data centers from Tokyo and Osaka.
Investment Opportunities
In October 2023, SoftBank and its subsidiary, IDC Frontier, announced the plan to develop a new data center facility in Tomakomai City, Hokkaido. The company invested around $420 million toward the project, for which it received subsidies worth $190 million from the Ministry of Economy, Trade, and Industry. In July 2023, Internet Initiative Japan (IIJ) launched its second data center building at the Shiroi data center campus in Chiba Prefecture, Greater Tokyo. Once fully built, the campus will house four data center buildings. Furthermore, the company is involved in a third expansion initiative in its Matsue City campus (which will likely go live in 2025).In June 2023, Digital Edge, in partnership with Hulic, a real estate developer, announced the start of the construction of a new data center facility, TY07, in Tokyo. The facility is expected to go online by 2025.In April 2024, GDS Services partnered with Gaw Capital to develop a new data center campus in Fuchu City, Tokyo. Both companies will jointly invest toward developing a new data center facility, with the first phase slated to go online by 2026.To Buy this Research Now, Click: https://www.arizton.com/market-reports/japan-data-center-market-investment-analysis
Existing Vs. Upcoming Data Centers
Existing Facilities in the Region (Area and Power Capacity)TokyoOsakaOther CitiesList of Upcoming Facilities in the Region (Area and Power Capacity)TokyoOsakaOther CitiesVendor Analysis
IT Infrastructure Providers: Arista Networks, Atos, Broadcom, Cisco Systems, Dell Technologies, Fujitsu, Hewlett Packard Enterprise (HPE), Hitachi Vantara, Huawei Technologies, IBM, Inspur, Lenovo, NEC, NetApp, and Oracle.
Data Center Construction Contractors & Sub-Contractors: Arup, AECOM, Daiwa House Industry, Fuji Furukawa Engineering & Construction, Hibiya Engineering, ISG, Kajima Corporation, Keihanshin Building, Linesight, MARCAI DESIGN, Meiho Facility Works, Nikken Sekkei, NTT FACILITIES, Obayashi Corporation, SHINRYO Corporation, TAISEI Corporation.
Support Infrastructure Providers: 3M, ABB, Alfa Laval, Caterpillar, Cummins, Delta Electronics, Eaton, Fuji Electric, HITEC Power Protection, Johnson Controls, Kawasaki Heavy Industries, KOHLSER-SDMO, Legrand, Mitsubishi Electric, Rittal, Rolls-Royce, Schneider Electric, STULZ, Siemens, Vertiv.
Data Center Investors: AirTrunk, Alibaba Cloud, Amazon Web Services, AT TOKYO, Colt Data Centre Services, Digital Edge, Equinix, Fujitsu, Goodman, Google, IDC Frontier, Internet Initiative Japan (IIJ), MC Digital Realty, Microsoft, NTT Communications, SCSK Corporation (NETXDC), Telehouse, Tencent Cloud, TIS INTEC Group.
New Entrants: Ada Infrastructure, Edge Centres, CyrusOne, ESR, GDS Services, Keppel Data Centres, NEXTDC, Princeton Digital Group (PDG), SC Zeus Data Center, STACK Infrastructure, ST Telemedia Global Data Centres, Vantage Data Centers, Yondr.
The Hong Kong Data Center Market will Witness Investments of $4.80 Billion by 2029.
Get Insights on 54 Existing Data Centers and 12 Upcoming Facilities across Hong Kong.
The Hong Kong data center market is booming, driven by the increasing demand for digital services. The data center investments in Hong Kong over the next two to three years are expected to remain high due to the surge in demand and the significant boost due to the advancements in AI technologies. Investors are actively investing in this market.
Hong Kong is a mature and thriving market for data center development in the APAC region. Investors find it an attractive market owing to the high internet and social media usage levels, a robust business ecosystem, and excellent connectivity through both inland and submarine cables. Additionally, the deployment of 5G technology further enhances its appeal.
Hong Kong stands out globally for the incredibly high rates of cell phone and home broadband service usage. With around 300 licensed internet service providers, there is robust competition, providing data center operators with a wide range of choices.
Hong Kong is considered an attractive destination for businesses due to various reasons. Its proximity to mainland China and its import-export relations with major markets, such as China and the US, make it easier for businesses to operate. Additionally, the market has experienced significant growth in Foreign Direct Investment (FDI), ranking after countries like the UK, the US, and China.
Investment Opportunities
In December 2023, the company completed the core and shell construction of phase-1 of the MEGA IDC data center campus. The facility has already signed lease agreements with cloud service providers and international banks for its available space. The company plans to expand the campus through phase-2 during the forecast period.In March 2023, the company launched its seventh data center facility, MEGA Gateway, in Tsuen Wan. The facility is part of its connected MEGA campus.Goodman is among the major investors in the Hong Kong market, and it is continuously expanding its data center presence. In March 2024, the company announced the construction of the new Texaco data center facility in Tsuen Wan. The facility is a brownfield construction that involved the conversion of an industrial building into a data center facility. The facility is likely to go online by 2026.Over 60% Of Future Demand to Come from Cloud Service Providers
The Hong Kong data center market has the presence of on-premises data centers operated by educational institutions, the government, and financial services such as HSBC Bank. A significant decline in on-premises data centers will occur in the next three to five years owing to the increase in digitalizing initiatives across sectors and the strong growth in demand for colocation and cloud services. In addition, most existing service providers offer managed solutions to enterprise customers, which will likely grow in the market from 2024-2029.
The market has the presence of all global cloud operators, such as Amazon Web Services (AWS), Google, Microsoft, Alibaba Cloud, Huawei Cloud, and Tencent Cloud. This will propel the demand for wholesale colocation services through these service providers’ continuous expansion initiatives. The cloud segments will likely dominate capacity take-up over the next five years. In addition, the market will witness the entry of multiple global organizations to service customers through a local presence.
To Buy this Research Now, Click: https://www.arizton.com/market-reports/hong-kong-data-center-market-size-analysis
Existing VS. Upcoming Data Centers
Existing Facilities in the Region (Area and Power Capacity)Tseung Kwan OKwai ChungTsuen WanFanlingFo TanChai WanTai PoOther LocationList of Upcoming Facilities in the Region (Area and Power Capacity)Tseung Kwan OKwai ChungTsuen WanFanlingFo TanChai WanTai PoOther LocationVendor Analysis
IT Infrastructure Providers: Arista Network, Atos, Cisco Systems, Dell Technologies, Fujitsu, Hewlett Packard Enterprise (HPE), Huawei Technologies, IBM, Inspur, Lenovo, NetApp.
Data Center Construction Contractors & Sub-Contractors: Arup, AtkinsRéalis, Aurecon, BYME Engineering, Chung Hing Engineers Group, Cundall, DSCO Group, Gammon Construction, ISG, Studio One Design.
Support Infrastructure Providers: ABB, Airedale, Caterpillar, Cummins, Delta Electronics, Eaton, Fuji Electric, KOHLER, Legrand, Mitsubishi Electric, Piller Power Systems, Rittal, Schneider Electric, Siemens, STULZ, Sumber, Vertiv.
Data Center Investors: AirTrunk, BDx, CITIC Telcom International, China Mobile International (CMI), China Unicom, Digital Realty, Equinix, ESR, GDS Services, Global Switch, Goodman, iTech Towers Data Centre Services, NTT DATA, SUNeVision Holdings (iAdvantage), Telehouse, Towngas Telecom (TGT), Vantage Data Centers.
New Entrants: Angelo Gordon and Mapletree Investments
Japan & Hong Kong Data Center Market Segmentation
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