Singapore-based firm Pacnet, one of the largest providers of content delivery network (CDN) services in the Asia Pacific region, has unveiled plans to build a US$ 90mn Tier III data centre in its home country.
The new facility is expected to come online in late 2013 and will help Pacnet focus on managed services deployed in data centres and leverage its substantial network assets throughout Asia to serve enterprise and carrier customers.
“As one of the world’s most dynamic economic and financial hubs, Singapore continues to have appetite for data centre services and supply has struggled to keep up,” said Jim Fagan, President of Managed Services at Pacnet.
“This new facility not only provides customers with data centre and connectivity services in Singapore but gives them access to Pacnet’s broad portfolio of managed services, allowing them to interconnect their data requirements throughout Asia.”
According to recent predictions by US research firm Frost & Sullivan, Singapore’s data centre services market will grow from US$ 223mn in 2010 to US$ 550mn in 2017, giving a compound annual growth rate of 13.8 percent.