REDWOOD CITY, Calif.,
May 11, 2021 /PRNewswire/
-- Equinix, Inc. (Nasdaq: EQIX), the world's digital
infrastructure company™, today announced the findings of its
annual global study of the views of IT decision-makers on the
biggest technology trends affecting businesses worldwide and the
impact of the COVID-19 pandemic on digital infrastructure
plans.
Experience the interactive Multimedia News Release
here:
https://www.multivu.com/players/English/8674652-equinix-global-study-changing-working-patterns-digital-infrastructure/
Surveying 2,600 IT decision-makers from diverse enterprises
across 26 countries in the Americas, Asia-Pacific and EMEA regions, the
study reveals:
- 51% of global businesses have rearchitected their
IT infrastructure to meet new remote and hybrid working demands,
with tech budgets increasing to accelerate digital
transformation.
- 64% of digital leaders believe there will be
long-term changes to where and how people work within their
organization.
- More than half (57%) of companies globally still
intend to expand into new regions, countries or metros, despite the
disruption experienced as a result of COVID-19.
Digital Transformation In The Post-Pandemic Future
Digitization and business investment in digital infrastructure
have increased as a result of COVID-19. 47% of the digital leaders
surveyed around the world said they have accelerated digital
transformation plans because of the pandemic, while 42%
said their budgets have been increased to satisfy the rapid growth
in digital demands.
There has also been a major overhaul of IT strategies to meet
the challenges emerging from the pandemic. Six in 10 said
they have revised their IT strategy as a result of COVID-19,
while 58% said they want to invest in technology to be more agile
post-COVID.
Asked about their biggest priorities for their organization's
digital strategy, 80% of respondents reported digitizing
their IT infrastructure was a top priority, with 57% saying
they see interconnection as a key facilitator of digital
transformation—up 9% on last year's results.
Concerns That The Pandemic Will Have Put The Brakes On
Companies' Expansion Plans Lessened
- 57% of businesses still have plans to expand into new
regions, countries or metros, according to the digital leaders
surveyed.
- Of that 57%, nearly two-thirds (63%) plan to achieve this
virtually, rather than by investing in physical IT infrastructure
in-market.
Utilizing Interconnection For Success
- 58% of IT leaders said they believe
interconnection—the direct and private exchange of data between
organizations—will help them to navigate the challenges they face
due to COVID-19.
- Those stating interconnection was key to their organization's
survival increased to 50%, up from 45% last year.
Claire Macland, Senior Vice
President, Global Marketing at Equinix, said: "Digital leaders
around the world were clearly already working to accelerate their
organizations' digital transformation. This effort has been
supercharged by COVID-19, as this study clearly relays.
"Many companies are now investing more in their digital
infrastructure to enable them to embrace a hybrid working model and
thrive in the new world of work we all find ourselves in. Despite
headwinds in many sectors, many organizations are continuing to
expand physically and virtually into new markets and regions around
the world.
"This increasing focus on digitization and expansion is one of
the reasons why Equinix has continued to invest in its own growth.
We completed 16 new expansions in 2020—our most active build year
ever—and expect to continue to evolve Platform Equinix to support
our customers as they continue on their digital transformation
journey."
The Global Interconnection Index (GXI) Volume 4, a market
study recently published by Equinix, forecasts that overall
interconnection bandwidth—the measure of private connectivity for
the transfer of data between organizations—will achieve a 45%
compound annual growth rate (CAGR) from 2019 to 2023, globally. The
expected growth is driven by digital transformation, and
specifically by greater demands from enterprises extending their
digital infrastructure from centralized locations to distributed
edge locations.
To read more about the Global Tech Trends Survey, or download
a copy, please
visit: https://www.equinix.com/resources/infopapers/equinix-tech-trends-survey
About the Study
The independent study, commissioned by
Equinix, surveyed 2,600 IT decision-makers in diverse enterprises
across the Americas (Brazil,
Canada, Colombia, Mexico, U.S.), Asia-Pacific (Australia, China, Hong
Kong, Japan, South Korea, Singapore) and EMEA (Bulgaria, Finland, France, Germany, Ireland, Italy, Netherlands, Poland, Portugal, Spain, Sweden, Switzerland, Turkey, UAE, UK). Respondents were selected
for participation from Dynata's online panel. The survey was
conducted online between December 17,
2020 and January 8, 2021.
About Equinix
Equinix (Nasdaq: EQIX) is the
world's digital infrastructure company, enabling digital leaders to
harness a trusted platform to bring together and interconnect the
foundational infrastructure that powers their success. Equinix
enables today's businesses to access all the right places, partners
and possibilities they need to accelerate advantage. With Equinix,
they can scale with agility, speed the launch of digital services,
deliver world-class experiences and multiply their value.
Forward-Looking Statements
This press release contains
forward-looking statements that involve risks and uncertainties.
Actual results may differ materially from expectations discussed in
such forward-looking statements. Factors that might cause such
differences include, but are not limited to, the challenges of
acquiring, operating and constructing IBX data centers and
developing, deploying and delivering Equinix products and
solutions, unanticipated costs or difficulties relating to the
integration of companies we have acquired or will acquire into
Equinix; a failure to receive significant revenues from customers
in recently built out or acquired data centers; a failure to
complete any financing arrangements contemplated from time to time;
competition from existing and new competitors; the ability to
generate sufficient cash flow or otherwise obtain funds to repay
new or outstanding indebtedness; the loss or decline in business
from our key customers; risks related to our taxation as a REIT;
and other risks described from time to time in Equinix filings with
the Securities and Exchange Commission. In particular, see recent
Equinix quarterly and annual reports filed with the Securities and
Exchange Commission, copies of which are available upon request
from Equinix. Equinix does not assume any obligation to update the
forward-looking information contained in this
press release.
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SOURCE Equinix, Inc.