Hong Kong Cloud Cybersecurity

The cloud security market in Hong Kong presents significant commercial opportunities for U.S. companies. According to Gartner, total end-user spending on public cloud services in Hong Kong is expected to grow at a CAGR of 26 percent from 2021 to 2024. Demand is driven by security breaches and by government directives. There is also a critical shortage of skilled cybersecurity professionals, which U.S. companies can help fill by offering training and certification programs.

Opportunities for U.S. Companies

As cloud services become more widely adopted, there is an increasing demand for advanced cloud security solutions, including data encryption, identity and access management, and threat detection systems. U.S. companies can also offer managed security services such as continuous monitoring, incident response, and compliance management to help businesses in Hong Kong manage their security needs more effectively. Additionally, consulting services and training programs can help address the shortage of skilled cybersecurity professionals in the region by assisting businesses with developing and implementing comprehensive cloud security strategies.

The Hong Kong government has issued a comprehensive guide for cloud computing security, outlining mandatory security requirements for protecting government information systems and data assets. Additionally, the government is working on enacting cybersecurity legislation to strengthen the security of critical information infrastructure, which will impose network security obligations on operators of critical information infrastructure. This creates opportunities for U.S. companies to offer compliance solutions with various cybersecurity regulations and standards. 

For more information, please contact us at Office.Hongkong@trade.gov.