The Report Covers Hong Kong Telecom Companies and the Market is Segmented by Services, Which Have Been Further Classified Into Voice Services (Wired and Wireless), Data and Messaging Services, and OTT and Pay TV. The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

This statistic describes the market share of leading telecommunication providers in Hong Kong as of Dember 2017. During the measured time period, HKT Trust occupied 28 percent of the mobile market in Hong Kong.

The Hong Kong telecommunications industry, valued at approximately 7.61 billion USD in 2025, is experiencing steady growth, projected to maintain a Compound Annual Growth Rate (CAGR) of 2.60% from 2025 to 2033. This growth is driven by several key factors. Increasing mobile penetration, particularly the adoption of 5G technology, fuels demand for higher bandwidth services. The rise of over-the-top (OTT) platforms and streaming services contributes significantly to data consumption, thus driving revenue for data and messaging services. Furthermore, the robust business environment in Hong Kong, coupled with government initiatives promoting digital infrastructure development, further supports market expansion. Competition amongst established players like Hong Kong Broadband Network Limited (HKBN), Hong Kong Telecommunications (HKT) Limited, and China Mobile Hong Kong, alongside emerging players, fosters innovation and drives pricing strategies that benefit consumers. However, challenges exist, including increasing infrastructure costs and the need to adapt to evolving consumer preferences, such as demand for bundled services and personalized offerings. The industry's segmentation reveals a significant reliance on data and messaging services, alongside a growing contribution from OTT and Pay-TV services. Voice services, while still important, are experiencing a relative decline compared to data-centric offerings. Geographic expansion, though detailed regional data is not fully provided, likely mirrors global trends, with developed markets demonstrating more mature penetration and growth driven by technology upgrades and service enhancements, while developing markets exhibit larger potential for expansion as mobile adoption increases. Future growth will hinge on successful 5G rollout and deployment, further investment in network infrastructure, and the ability of operators to offer innovative and competitive bundled services that cater to shifting consumer demands for seamless connectivity and entertainment. Recent developments include: January 2024: Now TV, a prominent pay-TV operator in Hong Kong, rolled out an OTT app. This app enables customers and monthly subscribers to access Now TV’s content on mobile devices. Users may also enjoy the content on both their mobile devices and TV simultaneously. This strategic move is poised to broaden Now TV's audience, offering enhanced flexibility and convenience in content consumption. The feature allowing simultaneous viewing on multiple devices aligns with the modern consumer's preference for on-the-go entertainment, boosting user engagement and satisfaction. The launch of this OTT app not only underscores Now TV's forward-thinking approach but also mirrors a broader industry shift toward digital transformation., December 2023: CTM collaborated with China Mobile Hong Kong through the CITIC Telecom international roaming hub (IPX) platform to conduct the first 5G SA+VoNR roaming trial between Hong Kong and Macau. This collaboration could further enhance the 5G roaming service experience. It provides a new type of 5G roaming experience with seamless, fast, and secure connections while supporting the further development of 5G integration in the smart city of the Guangdong-Hong Kong-Macao Greater Bay Area. This trial was a milestone in the evolution of 5G technology, showcasing the potential for improved connectivity and integration across regions.. Key drivers for this market are: 5G Rollout in Hong Kong, Digital Transformation Through IoT and AI; Robust Mobile Penetration. Potential restraints include: 5G Rollout in Hong Kong, Digital Transformation Through IoT and AI; Robust Mobile Penetration. Notable trends are: 5G Rollout in Hong Kong Expected to Drive the Market.

Hong Kong Telecom Market size was valued to be USD 8.5 Billion in the year 2024, and it is expected to reach USD 10.68 Billion in 2032, at a CAGR of 2.9% over the forecast period of 2026 to 2032.

Hong Kong Telecom Market Drivers

5G Technology Acceleration: The acceleration of 5G technology in Hong Kong propels the telecom sector forward by enabling ultra-fast connectivity, low-latency communication, and IoT expansion. Hong Kong's 5G adoption rate reached 48% in 2024, resulting in a 34% rise in mobile data consumption. Enterprise solutions using 5G capabilities have increased by 41%, providing new revenue streams as organizations install IoT applications and edge computing solutions.

Smart City Infrastructure Development: Smart city infrastructure development propels the Hong Kong telecom market by rising demand for 5G networks, IoT connections, and fibre-optic broadband, which enable real-time data analytics, intelligent transportation, and efficient urban management solutions. The government's expenditure of HK$12.3 billion in smart city initiatives raised telecom service demand by 29%. The installation of 11,500+ IoT sensors and 3,200 smart lampposts around the area has generated significant opportunities for telecom operators to manage connectivity infrastructure.

Cloud Service Integration: Cloud service integration is propelling the Hong Kong telecom market by rising demand for high-speed connectivity, low-latency networks, and secure data transfer. Businesses rely on telecom carriers for seamless cloud connections, which accelerate digital transformation. Enterprise cloud adoption in Hong Kong increased 37% yearly, with 63% of enterprises now using hybrid cloud solutions. Telecom companies have increased their service offerings with cloud-native applications, resulting in a 26% revenue gain in business services divisions.

Despite its market share dropping from over 55 to ** percent compared to 2018, Apple was still the leading market player in the smartphone market of Hong Kong as of December 2024. Smartphone ecology in Hong Kong With a penetration rate of almost ** percent, Hong Kong has a very beneficial ecology for the smartphone industry. The ownership of smartphones is even higher among people aged between 15 and 54 as almost everyone in this age group owns a smartphone. In terms of education level, the smartphone penetration rate among Hong Kongers who had a post-secondary education was **** percent as of September 2022. Smartphone market in Hong KongHong Kong has long been a huge fan of Apple from an early stage. Apple’s market share has fluctuated from over ** percent since the end of 2017, which rose in November 2018 to over ** percent because of the launch of iPhone XR and dropped back to ** percent at the end of 2019. Meanwhile, the second market player has been Samsung with a fifth of the market share in Hong Kong.

In the fiscal year of 2024, the total revenue from telecommunication services in Hong Kong amounted to *** billion Hong Kong dollars. The city's telecom industry is dominated by four companies: China Mobile Hong Kong, HKT, Hutchison Telecom, and SmarTone.

In 2023, there were five mobile network operator active in Hong Kong. The five operators were: China Mobile Hong Kong Company Limited, Hong Kong Telecommunications Limited, Hutchison Telephone Company Limited, SmarTone Mobile Communications Limited and CSL Mobile Limited.

The Hong Kong data center rack market, a segment of the broader Asia-Pacific region, is experiencing robust growth, fueled by the increasing adoption of cloud computing, big data analytics, and the expanding digital economy in the region. The market's Compound Annual Growth Rate (CAGR) of 13.20% from 2019-2024 indicates significant expansion. While precise Hong Kong-specific market size data is not provided, we can extrapolate a reasonable estimate. Considering the robust growth and the presence of major global players like Eaton, Schneider Electric, and Vertiv operating in the region, we can assume a 2025 market size of approximately $50 million USD for the Hong Kong data center rack market. This is based on a proportional estimation relative to the broader Asia-Pacific market size, adjusted for Hong Kong's significant technological adoption and concentration of data centers. The market is segmented by rack size (quarter, half, full) and end-user (IT & Telecommunications, BFSI, Government, Media & Entertainment, and others). The IT and Telecommunications sector is likely the dominant segment, reflecting Hong Kong’s role as a major technological hub. Growth drivers include increasing data center construction and expansion, demand for higher power density solutions, and the rising need for improved energy efficiency. However, challenges such as high real estate costs and limited land availability in Hong Kong could act as restraints on market expansion. The forecast period (2025-2033) projects continued strong growth, driven by government initiatives promoting digital infrastructure and the sustained growth of data-intensive industries. The competitive landscape is characterized by the presence of both international giants and regional players. International companies bring advanced technologies and established distribution networks, while local players offer localized expertise and customized solutions. The strategic focus of leading vendors is on offering innovative solutions such as high-density racks and intelligent power distribution units to address the growing demands of data centers in the region. Expansion into cloud service provider segments, partnerships with system integrators, and investment in research and development are expected to be key strategies for market participants. Future growth will depend on factors such as government policies supporting digital infrastructure development, technological advancements in data center technologies, and the overall economic growth in Hong Kong. Recent developments include: June 2023: APAC data center firm AirTrunk planned to develop a second data center facility in East New Territory, Hong Kong, with an IT load capacity of 15MW and expected to go live in mid-2024., February 2023: Pan-Asian data center firm Big Data ExchangeX (BDx) announced that it plans to build a new 16 MW facility in an upcoming high-technology industrial area developed by Hong Kong property developer Sino Group.. Key drivers for this market are: The Advent of 5G Network Expansion and Increasing usage of IoT devices, Fiber Connectivity Network Expansion in the Country. Potential restraints include: The Advent of 5G Network Expansion and Increasing usage of IoT devices, Fiber Connectivity Network Expansion in the Country. Notable trends are: IT & Telecom segment is expected to hold the highest market share..

The Hong Kong mobile phone market contracted significantly to $4.1B in 2024, which is down by -17.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a deep reduction. Mobile phone consumption peaked at $32.4B in 2013; however, from 2014 to 2024, consumption remained at a lower figure.

The Hong Kong Mobile Phone Insurance report features an extensive regional analysis, identifying market penetration levels across major geographic areas. It highlights regional growth trends and opportunities, allowing businesses to tailor their market entry strategies and maximize growth in specific regions.

In May 2025, Apple's internet browser Safari had a market share of approximately 29 percent in Hong Kong. The most popular browser in the region was Chrome, occupying almost 57 percent of the market.

Hong Kong Data Center Networking Market size was valued to be USD 2.17 Billion in the year 2024, and it is expected to reach USD 4.17 Billion in 2032, at a CAGR of 8.5% over the forecast period of 2026 to 2032.

Hong Kong Data Center Networking Market Drivers

Increasing Adoption of Cloud-Based Services: The shift towards cloud computing by businesses of all sizes in Hong Kong is a significant driver. Cloud services require robust and high-performance data center networks to ensure seamless connectivity, data transfer, and application delivery.

Strategic Location and Connectivity: Hong Kong's strategic location in Asia Pacific, coupled with its excellent connectivity through submarine cables and a well-developed telecommunications infrastructure, makes it a hub for data center activity. This necessitates advanced networking solutions to handle the flow of data within and between these data centers.

Digital Transformation: The ongoing digital transformation across various industries in Hong Kong, including finance, telecommunications, and commerce, is driving the need for more data centers and upgraded network infrastructure. Businesses are investing in new technologies and applications that demand high bandwidth and low latency.

Government Support and Policies: The Hong Kong government's initiatives to promote the development of the digital economy and support data center expansion create a favorable environment for the growth of data center networking.

The Hong Kong data center server market, while not explicitly detailed in the provided data, can be analyzed by extrapolating from the global trends and regional market dynamics. Given a global CAGR of 13.20% and considering Hong Kong's status as a major Asian financial and technological hub, we can reasonably infer robust growth within this sector. The market is driven by the increasing adoption of cloud computing, big data analytics, and the rising demand for high-performance computing (HPC) solutions within the city's thriving financial services (BFSI), IT & Telecommunication, and government sectors. These industries are investing heavily in infrastructure upgrades to support growing data volumes and enhance operational efficiency. The prevalence of blade and rack servers is expected to dominate the market, driven by space optimization and energy efficiency needs within data centers. However, restraints like high infrastructure costs and competition from regional data centers might slightly temper growth. We can expect a market segmented by form factor (blade, rack, tower) and end-user (IT & Telecommunication, BFSI, Government, Media & Entertainment, Others). Key players like Dell, Hewlett Packard Enterprise, and Cisco are likely to maintain significant market share, although local and regional players could also exhibit strong growth. The market’s expansion will likely be fueled by government initiatives promoting digital transformation and investments in technological advancements. While precise figures for Hong Kong are absent, the trends clearly point to a substantial and dynamic market experiencing consistent growth within the forecast period. The Hong Kong data center server market demonstrates a strong correlation with global trends, particularly the increasing demand for cloud-based services and big data solutions. The concentration of financial institutions and technological companies in Hong Kong necessitates a robust and scalable server infrastructure. Growth will likely be influenced by factors such as government policies promoting digitalization, advancements in server technology (such as increased processing power and energy efficiency), and the continued expansion of the city’s digital economy. Competitive landscape analysis reveals a mix of multinational technology giants and regional players, potentially leading to strategic partnerships and technological innovations. While precise market sizing for Hong Kong requires dedicated research, the overall trajectory indicates a significant and growing market with attractive opportunities for both established and emerging players. Recent developments include: January 2023: Cisco and Intel partnership to present new servers powered by the next generation of Intel Xeon processors. Intel unveiled the 4th Gen Intel Xeon Scalable processors, while Cisco introduced the new flexible, more powerful, and sustainable servers based on Intel innovation., August 2023: Hewlett Packard Enterprise announced that phoenixNAP is expanding its Bare Metal Cloud platform with cloud-native HPE ProLiant RL300 Gen11 servers, using energy-efficient processors from Ampere Computing. The expanded services support AI inferencing, cloud gaming, and other cloud-native workloads with improved performance and energy efficiency.. Key drivers for this market are: Increase in construction of new data centers, development of internet infrastructure, Increasing adoption of cloud and IoT services. Potential restraints include: Increase in construction of new data centers, development of internet infrastructure, Increasing adoption of cloud and IoT services. Notable trends are: IT & Telecommunication Segment To Hold A Major Share In The Market.

Hong Kong Cybersecurity Market size was valued to be USD 2.5 Billion in the year 2024 and it is expected to reach USD 4.98 Billion in 2032, at a CAGR of 9% over the forecast period of 2026 to 2032.Key Drivers:Regulatory Compliance Framework Evolution: Hong Kong's cybersecurity regulatory landscape has strengthened with the Cybersecurity and Data Protection Law fuelling 37% industry growth. Financial institutions boosted security spending by 42% to satisfy compliance requirements, while 78% of businesses prioritized regulatory alignment in security investments.Financial Services. Digital transformation: Hong Kong's role as a financial hub drives cybersecurity demand, with financial firms raising their cybersecurity budgets by 31%. Digital banking transactions increased by 56%, demanding stronger security measures, while 89% of financial firms experienced attempted intrusions in 2023.

The Hong Kong data center physical security market, while not explicitly detailed in the provided data, can be analyzed using the global market trends as a benchmark. Given the region's high density of data centers and robust financial sector, it's reasonable to expect a significant and rapidly growing market. The global market's 20.50% CAGR suggests a similarly robust growth trajectory in Hong Kong. Considering the global market size of $29.92 billion in a given year (the provided data lacks a specific year for this figure), a conservative estimate for Hong Kong's market size in 2025 might be in the range of $0.5 to $1 billion, depending on market penetration and specific regional dynamics. Key drivers include increasing government regulations around data security, rising cyber threats, and the expanding adoption of cloud computing and colocation services. Market trends point towards increased demand for integrated security solutions, leveraging technologies such as AI-powered video surveillance, biometric access control, and advanced perimeter security systems. Constraints might include high initial investment costs for implementing advanced security infrastructure and potential skills gaps in managing and maintaining these systems. The market segmentation mirrors global trends, with significant demand for video surveillance and access control solutions, coupled with strong growth in professional services such as consulting and system integration. Major players operating globally, like Axis Communications, Honeywell, and Hikvision, likely hold significant market share in Hong Kong, alongside local security providers. The forecast for 2025-2033 indicates continued strong growth, driven by sustained investment in data center infrastructure and the ongoing need for enhanced security measures. We project the market to continue exceeding global CAGR averages due to Hong Kong's unique economic and geopolitical factors. Specific market segmentation data for Hong Kong would require localized market research. However, the expected dominance of video surveillance and access control solutions, alongside a robust professional services sector, is anticipated. The growth trajectory aligns with the broader global trend toward enhanced security in critical infrastructure, and the Hong Kong data center market is expected to reflect this demand consistently throughout the forecast period. Recent developments include: October 2023: Zwipe partnered with Schneider Electric’s Security Solutions Group. The France-based multinational Schneider Electric plans to introduce the Zwipe Access fingerprint-scanning smart card to its clientele. This card will be integrated with Schneider Electric’s Continuum and Security Expert platforms, serving a client base from sectors including airports, transportation, healthcare, data centers, and more., April 2023: Securitas signed an expanded five-year agreement to provide Microsoft data center security in 31 countries. The agreement includes risk management, comprehensive security technology as a system integrator, specialized safety and security resources, guarding services, and digital interfaces.. Key drivers for this market are: Growing Innovation in Video Surveillance Among the Market Players, Increasing Data Center Projects. Potential restraints include: Growing Innovation in Video Surveillance Among the Market Players, Increasing Data Center Projects. Notable trends are: Video Surveillance is Anticipated to be the Largest Segment.

In 2024, the Hong Kong mobile lifting frame market increased by 51% to $62M for the first time since 2021, thus ending a two-year declining trend. Overall, consumption, however, showed a mild setback. Mobile lifting frame consumption peaked at $93M in 2016; however, from 2017 to 2024, consumption stood at a somewhat lower figure.

The Hong Kong data center power market, while not explicitly detailed in the provided data, can be analyzed by extrapolating from the global trends. Given a global market size of $311.70 million in 2025 and a CAGR of 7.20%, the substantial growth is driven by the increasing demand for data storage and processing, fueled by the burgeoning digital economy and cloud computing adoption. Hong Kong, as a major financial and technological hub in Asia, experiences proportionally higher demand. The market is segmented by power infrastructure solutions (UPS systems, generators, power distribution solutions) and services, catering to diverse end-user sectors like IT & telecommunications, BFSI (Banking, Financial Services, and Insurance), government, and media & entertainment. Key players like ABB, Schneider Electric, and Vertiv are likely to hold significant market share in Hong Kong, mirroring global trends. While specific restraints for Hong Kong require further investigation, potential challenges could include land scarcity, high energy costs, and the need for robust disaster recovery infrastructure. The market's future trajectory is projected to be robust, reflecting continued growth in data consumption and digital transformation initiatives within the region. The forecast period (2025-2033) suggests a significant expansion driven by the ongoing need for reliable and efficient power solutions within the data center landscape. The strong presence of multinational corporations in Hong Kong further supports this positive outlook, as these companies require advanced power infrastructure to support their operations. Considering the global market size and CAGR, and Hong Kong's position as a significant Asian technology hub, a reasonable estimation of Hong Kong's data center power market size in 2025 would be in the range of $10 to $20 million. This accounts for the fact that Hong Kong is a smaller market compared to the global market. This estimation assumes a proportional representation of Hong Kong within the Asia Pacific region, considering its economic importance and technological advancement. Furthermore, the 7.20% CAGR suggests substantial growth in the coming years, projecting substantial increase in market value within the forecast period. This growth is predicated on continued investment in data centers, fueled by the expansion of cloud services, e-commerce, and the overall digitalization of Hong Kong's economy. Recent developments include: January 2024: Caterpillar Inc. partnered with Microsoft and Ballard Power Systems to test the use of large-format hydrogen fuel cells as a reliable and eco-friendly backup power source for multi-megawatt data centers. Hydrogen fuel cells are seen as a possible low-carbon alternative to diesel backup generators, which is expected to drive the growth of DC generators., March 2024: Schneider Electric announced the expansion of its US manufacturing facilities at two locations to support critical infrastructure of data centers and other industries. At both locations, the company planned to manufacture electrical switchgear and medium-voltage power distribution products.. Key drivers for this market are: Rising Adoption of Mega Data Centers and Cloud Computing, Increasing Demand to Reduce Operational Costs. Potential restraints include: Rising Adoption of Mega Data Centers and Cloud Computing, Increasing Demand to Reduce Operational Costs. Notable trends are: IT & Telecommunication Segment to Hold Major Share in the Market.

The Asia Pacific Unified Communications (UC) market is projected to grow from USD XX million in 2025 to USD XX million by 2033, at a CAGR of 20.0%. The growth of the market is attributed to the increasing adoption of cloud-based UC solutions, the growing need for collaboration and communication tools, and the increasing penetration of smartphones and tablets. The market is also expected to benefit from the rising demand for UC solutions from small and medium-sized enterprises (SMEs) and the growing adoption of UC solutions in the education, government, and healthcare sectors. The Asia Pacific UC market is segmented by deployment mode, solution, organization size, industry vertical, and country. The on-premise segment is expected to hold the largest market share during the forecast period. However, the hosted segment is expected to grow at a faster CAGR during the forecast period. The instant and unified messaging segment is expected to hold the largest market share during the forecast period. However, the audio and video conferencing segment is expected to grow at a faster CAGR during the forecast period. The SME segment is expected to hold the largest market share during the forecast period. However, the large enterprise segment is expected to grow at a faster CAGR during the forecast period. The education segment is expected to hold the largest market share during the forecast period. However, the government segment is expected to grow at a faster CAGR during the forecast period. China is expected to hold the largest market share during the forecast period. However, India is expected to grow at a faster CAGR during the forecast period. Recent developments include: In June 2024, Singtel expanded its Communications Platform-as-a-Service (CPaaS) portfolio by integrating Zoom Phone Connector with its existing 5G and unified communications (UC) solutions. This rollout, commencing next month, signifies Singtel's commitment to enhancing enterprise communication and collaboration within the hybrid work landscape. , In April 2024, Toku signed a definitive agreement to acquire AiChat, a prominent Southeast Asian AI-powered conversational CX platform. This strategic move strengthens Toku's position as a comprehensive CX technology provider, allowing them to deliver a unified and personalized omnichannel customer engagement experience. , In February 2024, Smart IMS Inc. concluded the acquisition of IT Consulting Solutions (ITCS Group). This acquisition includes ITCS operations in Japan, Hong Kong, Australia, and Singapore, substantially enhancing Smart IMS's capabilities in infrastructure management, virtualization, digital transformation services, and IT-managed services for its broad APAC client base. .

The size of the Mobile Wallet Market was valued at USD 13.79 Million in 2023 and is projected to reach USD 72.60 Million by 2032, with an expected CAGR of 26.78% during the forecast period. Growth in the mobile wallet market is attributed to increased adoption of smartphones, demand for contactless and cashless transactions, and digitization in payment technology. A mobile wallet, or popular name for cell phone-based wallets, is a form of convenience for consumers where the owner stores payment information using security. Consumers can make purchases, transfer money, and manage financial transactions using financial tools and products, accompanied by convenience, without the use of physical cards and cash. The popularity of mobile wallet platforms such as Apple Pay, Google Pay, Samsung Pay, and PayPal among consumers and businesses has augmented this market even more. Several factors spur the growth of the mobile wallet market. Among the prominent drivers are an increase in e-commerce, penetration of smartphones, and a push for more convenient and safe payment methods. Consumers are developing a need for quick and fast payment treatment. Mobile wallets promise one-touch payments, real-time delivery of loyalty program rewards, and storage of multiple payment methods at one place. Mobile wallets are also emerging in services like ticketing, banking, and insurance. The COVID-19 pandemic also contributed to digital, contactless payments, where consumers avoided cash for increased convenience and hygiene through mobile wallets. Recent developments include: October 2022: A digital payment and banking technology developer, i2c Inc., recently announced the introduction of SHAREPay and its cooperation with Majid Al Futtaim, a leader in shopping centers, communities, retail, and leisure in the Middle East, Africa, and Asia. A component of this solution is the region's top loyalty program, SHARE by Majid Al Futtaim, which enables users to "pay, earn, and redeem" points with only one tap., September 2022: In an attempt to collaboratively promote cashless travel in the nation, leading mobile payment providers from around Asia announced the integration of Alipay + cross-border digital payment solutions in South Korea. Due to the partnership, leading mobile payment companies from Southeast Asia and Hong Kong will now be able to extend the availability of their services in South Korea via Alipay for the first time.. Key drivers for this market are: Growth of smartphone and proximity payment, Government initiative towards digital transformation; Growth of e-commerce platforms. Potential restraints include: Data Privacy concerns by end-users. Notable trends are: Proximity Payments to Witness the Fastest Market Growth.

The Hong Kong Hyperscale Datacenter Market Report is Segmented by Data Center Type (Hyperscale Colocation, Enterprise/Hyperscale Self Build), by Service Type (IaaS ( Infrastructure-As-A-Service), Paas ( Platform-As-A-Service), Saas( Software-As-A-Service)), by End User (Cloud & IT, Telecom, Media & Entertainment, BFSI, & More). The Report Offers the Market Size and Forecasts for all the Above Segments in Terms of USD (millions).