Equinix announced the opening of its fourth International Business Exchange data center in Tokyo.
The firm said the new Tokyo data center, known as TY4, is expected to address its customer base in Ōtemachi, a financial district which is home to some 4,000 companies.
According to Fuji Chimera Research Institute, Japan's data center co-location market is forecast to reach a size of 608 billion yen ($6.3 billion) in 2017.
Equinix said the new facility will also address the requirements of multinational companies looking to expand into the Japanese market and serve international customers.
Equinix is investing $43 million in TY4, providing total capacity of 750 cabinet equivalents with 450 cabinets available in the first phase. TY4 is located in an earthquake-resistant building in one of the most secure locations in Tokyo with multiple anti-disaster measures.
TY4 has direct fiber connectivity to Equinix's three other IBX data centers in the city via the Equinix Metro Connect.