Equinix invests US$51m to accelerate digital transformation demand

Equinix, Inc., the global interconnection and data center company, today announced that it has invested US$51 million (approximately HK$364 million) and completed the third phase expansion of HK4, one of its five International Business Exchange™ (IBX®) data centers in Hong Kong. Today, Equinix provides a total colocation space of about 34,500 square meters in Hong Kong to support digital transformation of the market.

The acceleration in digital transformation continues to drive the demand for data centers and interconnection in Hong Kong. According to the Global Interconnection Index (GXI) Volume 3, a recent market study published by Equinix that analyzes traffic exchange globally, Hong Kong is expected to see the second fastest interconnection bandwidth growth in the region, increasing at 55% CAGR from 2018 to 2022.

In addition, a separate independent survey commissioned by Equinix shows that 46% of IT decision-makers in Hong Kong believe interconnection is a key facilitator of digital transformation, with 45% of local IT decision-makers believing interconnection can help their business gain competitive advantage within the marketplace. Platform Equinix® plays a critical role in supporting the interconnected era, underpinning the digital economy and enabling businesses to enhance their performance for continued success and growth.

Equinix Hong Kong data centers are business hubs for more than 550 companies. Customers can interconnect directly with other customers and partners in their digital supply chain and leverage direct connectivity to more than 80 networks, more than 145 cloud and IT service providers, and over 140 financial services companies.

(This content is surmised from a press release)