Unless the issue was addressed he said Australia would be limited in the businesses it could attract, and the applications that would be available to citizens. He said financial services and inherently global businesses were most at risk of becoming internationally uncompetitive because of the higher cost of bandwidth.
To explain its decision to quadruple its local data centre Pacnet cited research from Frost & Sullivan suggesting that the Australia data centre services market will grow from $US447 million in 2010 to $US1.2 billion in 2017 .
Internationally the company has four CloudSpace data centres – one in Sydney, two in Hong Kong and one in Singapore. In addition the company leases space in four other data centres around Australia.