Equinix expands Singapore data centre with $86M investment
Equinix expands Singapore data centre with $86M investment
May 7, 2017- Singapore’s largest data centre to be expanded in the country will debut with $86 million in capital investment from Phase 2, building from Singapore’s largest data centre and with two new data centres.
Dr Chobuchai Deun told media that the South-east Asian startup is one of the top VCs in the country, and expects to build up to 10,000 blog servers by 2020.
One of six data centres set to join Singapore’s growing Chinese data centre are also expected to be added.
The push for big data centers comes as an increasingly crowded market for data services has increased, with one of the biggest Indian data centers set to open in the country by 2018.
The booming data centre market has led to a significant increase in Singapore’s IT migration that is creating a growth environment for more and more businesses.
Singapore’s data centres may also become a global hub for large data centres if they continue to become a focal point, with experts predicting a flood of new business, not just IT, growth across the globe.
Singapore’s data centre market will see huge growth, as about 40% of the country’s population live in urban areas, according to the free market research firm Statista.
Analysts believe the major data centres will open within five years, with more being added at the same time as the country’s data centres.
Singapore’s data center market is expected to grow by up to 40% in the next five years, according to the free market research firm, and new businesses are expected to start taking a large share of the pie.
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