Equinix, Inc. (Nasdaq: EQIX), the global interconnection and data center company, today announced the final expansion phase at the company’s third International Business Exchange™ (IBX®) data center in Singapore, known as SG3. Upon completion, this expansion will almost double the size of the facility to meet strong demand for interconnection and data center services in Singapore and the wider region.
Singapore is one of the most robust data center markets in Asia-Pacific due to its strong network infrastructure, diverse connectivity to major markets in the region, conducive and business-friendly environment, as well as political stability. According to Synergy Research, the country’s data center market is expected to remain strong with a forecasted compound annual growth rate (CAGR) of 7.3% from 2017 to 2022.
This positive potential for growth is further indicated in the Global Interconnection Index, published by Equinix, which reveals that Asia-Pacific’s Interconnection Bandwidth is forecasted to grow to 2,200+ Terabits per second (Tbps) of capacity, representing a significant CAGR of 51% by 2021. Singapore continues to remain as one of the top metros in the region, with Interconnection Bandwidth capacity expected to more than quadruple by 2021.
Equinix’s expansion of data center capacity in Singapore reflects not only the company’s success in addressing the increasing market demand for interconnection services in the region, but also its commitment to helping businesses to thrive by embracing digital transformation in the digital economy.
Andrew Rigoli, Vice President, Corporate Development & Strategy, Equinix Asia-Pacific said “We are pleased to announce the expansion of SG3 IBX data center to further cement Singapore’s role as the interconnection hub in the Asia-Pacific region. This expansion is indicative of the growing demand for interconnection as the digital economy continues to thrive in this region. Along with the roll out of Equinix Cloud Exchange Fabric inter-metro connectivity capabilities in the region that aims to accelerate cloud connectivity, Equinix is in a solid position to provide the interconnection and colocation services that are essential for enterprises to move towards the digital edge.”