Punto! Central Luzon
18 Jul 2021
Aims to be a new gateway to opportunities in Asia
MANILA, PHILIPPINES — A new data center company is ready to power up businesses as Beeinfotech PH (Bee Information Technology PH Inc.) recently opened its first data center in the country. Beeinfotech PH’s multi-million-peso data center is the Philippines’ largest telco-neutral data center yet, tackling the market’s need for a telco-grade and tailored data center services provider.
According to a report from Grand View Research, the global data center colocation industry is expected to have a 13.3% compound annual growth rate (CAGR) from 2021 to 2028, with the Asia-Pacific region leading. The Philippines, in particular, is expected to increase its rack space market to 400,000 sq. ft. by 2024. Among the growth factors cited are the increased complexity of building and maintaining one’s own data center facility and the benefit of scaling up infrastructure to accommodate larger data volumes, which increased further during the pandemic.
Read more: https://punto.com.ph/beeinfotech-ph-fills-in-data-center-market-gap/
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