Equinix announced that it will be building its newest Tokyo data center.
The TY5 facility will meet strong demand from financial services firms, as well as cloud and content providers for data center and interconnection services in Tokyo, the company said.
Companies in Japan require additional data center services to meet their customers’ rising demand for cloud and network connectivity.
According to Forrester, the data center market in Japan is forecasted to reach $14.2 billion by 2016. The expansion of Equinix’s International Business Exchange (IBX) data center footprint in Tokyo will help meet these demands, further enabling domestic and multinational companies to expand into the growing Japan market and access over 1,000 domestic and international network providers within Platform Equinix, including local Japanese carriers and international carriers such as Softbank, PCCW Global, BT and AT&T.
When complete, TY5 will provide a total capacity of 725 cabinets with 350 available in the first phase and 375 in the second. With 54,663 square foot of space, TY5 is located in a single tenant facility for improved design and physical security, with 24x7x365 security officers and CCTV.
Scheduled to open in the first quarter of 2016, it is being built in close proximity to TY3 to streamline operations.
Located near Tokyo’s financial district, TY5 is in close proximity to the Japan Exchange and Tokyo Commodity Exchange that houses over 3,400 listed companies and has a total market capitalization of $4.47 trillion.
By being in close proximity to these exchanges, TY5 will provide financial services companies with reliable, low-latency connectivity to key financial institutions and business partners, boosting speed of trading and accelerating business outcomes.