Equinix, a global communications solutions provider, today announced the opening of the second phase of its third International Business Exchange (IBX) data center in Hong Kong (HK3). The additional investment of US$23 million provides space for an additional 650 cabinets, giving Equinix control of the entire building. The completed build now has capacity for 2,700 cabinets, meeting the high demand from enterprises looking to take full advantage of Equinix s financial services and cloud business ecosystems.
Highlights / Key Facts According to a recent Frost and Sullivan report, Hong Kong s business-friendly and free-trade environment has drawn multinational corporations (MNCs) to set up their regional headquarters in the country, bringing in numerous investments and job opportunities and creating demand for data center services. Hong Kong s data center market is expected to grow at a CAGR of 15.3 percent to US$802.6 million by 2019.
With over 1,500 companies listed on the Hong Kong Stock Exchange (HKEx) with a market capitalization of HK$21,509.4 billion , Hong Kong is an important regional hub for many financial services firms. Additionally, Hong Kong s geographic and political position to mainland China allows it to act as a gateway for global companies that seek to break into the China market.
More than 100 financial services customers in Hong Kong, including Fixnetix, ABN Amro Clearing and Bloomberg, can connect to an established ecosystem of existing and potential customers, including exchanges and trading platforms, top market data vendors and hundreds of buy-side and sell-side firms. Companies deployed in HK3-II can also connect to the Equinix Cloud Exchange, launching on July 1, 2014, that will enable enterprises to build highly flexible hybrid cloud solutions with simple, scalable and direct access to multiple cloud services.
The expansion of Equinix's footprint in Hong Kong is the latest in a series of expansions across Asia-Pacific. The recent completion of the second phase of HK3 is the latest in a series of expansions across Asia-Pacific, which includes a third phase expansion of SY3 in Sydney, new data centers in Tokyo, Osaka, Jakarta and Singapore, and Equinix s first facility in Melbourne.
HK3-II has direct fiber connectivity to Equinix s other IBX data centers in the city via the Equinix Metro Connect, a service that provides reliable network connectivity, allowing customers in HK3 to easily expand their businesses within the Equinix platform. Customers will have access to over 975 domestic and international network providers, including PCCW Global, Tata Communications, Chunghwa Telecom and Wharf T&T.