Following hot on the heels of our expansion plan for our fourth International Business Exchange™ (IBX®) data center in Singapore - SG4, I am thrilled to share some more exciting news. We are entering into a whole new market - South Korea - with a new IBX data center in Seoul, scheduled to open in Q3 2019.
On a personal level, it was my 18th year of service here and I’m proud of how Equinix has contributed to the digital economy, and feel grateful to have played a part in it. Looking back on 2018, in Asia-Pacific, our role in accelerating interconnection to help companies succeed in their digital journeys has propelled us to become one of the top colocation and interconnection providers in the region.
Our merger with i-STT and Pihana Pacific back in 2002 gave us footholds in Hong Kong, Singapore, Sydney and Tokyo. Today, we’re one of the top colocation and interconnection providers in Asia-Pacific, leading the markets in Australia, Hong Kong and Singapore. We’re also perfectly positioned for growth in a region where the potential remains huge, even after years of economic expansion.
There is one thing that many consider as the backbone of a smart city and we should discuss first – the Internet of Things (IoT). It refers to a huge network of things which are connected to the internet. Along with the wide availability of high-speed internet access and the growing number of Wi-Fi-enabled devices and sensors, IoT technology has become increasingly sophisticated, allowing connected things not only to link to the internet but also talk to each other.
The acquisition also helps us to further strengthen our leadership position in the region. According to Synergy Research Group, the combined market share of Equinix and Metronode in Australia as of Q3 2017, was 18%, which surpassed all other individual market players in terms of colocation revenues.
The Index projects that Interconnection Bandwidth capacity will increase at a compound annual growth rate (CAGR) of 46% between 2016 and 2020. That’s higher than both the United States and Europe, and will quadruple APAC’s Interconnection Bandwidth to 1,120 Terabits per second (Tbps) of installed capacity – approaching a quarter (22%) of the global total.
As the world’s leading interconnection and data center company, we believe that interconnection is the biggest game-changer of the 21st century, fostering new forms of interaction and innovation. And our belief in the power of interconnection holds true not only from a business standpoint, but extends to all aspects of our work, acting as the foundation of our corporate culture and human resources values.
This is the eighth year that Frost & Sullivan has run its Asia Pacific Best Practices Awards programme, which is geared towards recognizing companies across industries. Above all, it commends the diligence, commitment, and innovative business strategies required to advance in the global marketplace.