Aug 28, 2019 PRESS RELEASES Comments Off on Australia’s Data center floor space grows by more than 11% every year and the market is expected to keep rising until 2024
SYDNEY, Australia, Aug. 28, 2019 (GLOBE NEWSWIRE) — BuddeComm has released a series of country reports on data centers and analysts found that Australia has progressed to now be one of the four major sub-markets for data centers in Asia alongside Singapore, Hong Kong and Japan.
Key developments include:
Both Sydney and Melbourne have developed to become regional hubs for large enterprises across a range of industries.
There is a growing demand from corporate and government organisations and this places pressure on data center providers that focus on co-location, especially for wholesale data centre providers.
This leads to lower than average occupancy rates in the short-term and is placing downward pressure on pricing.
A graph accompanying this announcement is available at https://www.globenewswire.com/
Strong local demand has seen significant investment in new builds from both local data center specialist providers and global data specialist providers such as Equinix.
New providers such as Airtrunk and Data Exchange Network are entering the local market.
The top category of data center providers in Australia are data center specialist providers, which indicates the level of maturity in the Australian market. As the Australian data center market has matured, IT Service Providers and telcos, have been retreating from the market.
Paul Budde Communication is an independent research and consultancy company, focusing on the telecommunications market and its role within the digital economy. We specialise in high-level strategic and statistical research and provide consultancy services to international agencies, governments and businesses. The research offered by BuddeComm’s worldwide network of researchers and analysts encompasses 190 countries, 500 companies and 200 discrete technologies and applications. For more information, please visit http://www.budde.com.au.
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