As part of datacenter expansion in Australia, Equinix has announced over $97M investments.
The company will build a large-scale International Business Exchange (IBX) data center in Sydney to address the growing demand for data center services in the region.
The facility, the fourth data center in Sydney and fifth in Australia from the company, will be named SY4.
With this data center, the company’s total investment in Australian data center market will be approximately $360M.
The investment is part of the company’s strategy to gain from the flourishing Australian data center services market that is estimated to grow to AUD$1.7B by 2020.
Australia’s data center services market recorded AUD$698M in revenues for 2013 and is expected to grow at a compound annual growth rate of 13.9 percent to 2020.
A recent research from Dimensional Research found that 85 percent of Australian enterprises are planning to deploy to multiple clouds within the next 12 months, with 83 percent of enterprises indicating that direct connects to cloud providers are highly valued.
IBX data centers at the Equinix Sydney campus are home to an increasing number of large enterprises, as well as robust business ecosystems for cloud, mobility, content, and financial services.
SY4 will provide a total of 3,000 cabinets of capacity at full build, with the first phase of 1,500 cabinets scheduled for completion in Q2 2016. The 135,000ft2 facility will help businesses safeguard mission-critical data with the highest levels of security and operational reliability, the company claims
Equinix recently opened a premium data center in ME1 in Melbourne.