-- Report Examines IDG Survey Findings Compiled
from an Annual Quantitative Survey and In-Depth Interviews with
Senior Enterprise IT Decision Makers, Regarding How Colocation Can
Bridge Multiple Cloud and Service Providers to Drive Innovation
--
CoreSite Realty Corporation (NYSE:COR) (“CoreSite,” or the
“Company”), a premier provider of secure, high-uptime data center
campuses with high-performance cloud access and interconnection
solutions across the U.S., today released its 2021 State of the
Data Center Report in partnership with IDG Communications. This
annual report examines the latest data center trends, strategies,
requirements, and other findings from an annual quantitative survey
and in-depth interviews with senior IT decision makers.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210525005268/en/
(Graphic: Business Wire)
“As businesses continue to empower remote workers and fortify
their digital footprints in response to pandemic-induced changes,
colocation has emerged as an essential pillar in a successful
hybrid IT strategy,” said John Gallant, Enterprise Consulting
Director at IDG Communications, Inc. “The 2021 survey findings
demonstrate that a diverse multi-cloud hybrid IT architecture can
fuel transformation, foster resiliency and achieve important
business outcomes.”
Findings within the report include:
- Increased security and flexibility/scalability were
reported as top two primary reasons to migrate workloads to
colocation solution
- Thirty-five percent surveyed say that colocation lowers
operational costs and improves TCO
- Almost half (46%) of respondents say their companies are
gravitating to an operating expense model for IT spending
- Ninety-three out of 100 IT leaders say they are
confident their colocation partners can enable future
transformation initiatives
- Ninety percent of respondents say interconnection to
cloud providers is critical or important
One survey respondent, a senior director of a SaaS provider,
stated “I don’t want to build my own data center – our
competency is designing, engineering and maintaining software. I
don’t want to get into the business of peering with carriers. Those
are things that a colocation business provides.”
“The findings in this year’s State of the Data Center Report
reflect what we are hearing from our customers and prospects,” said
Steven Smith, Chief Revenue Officer at CoreSite. “Colocation
enables enterprises to save up to 60% on cloud connectivity,
compared to telecommunications or software-defined network
offerings, and roughly 70% for data replication expenses.
Eliminating egress charges when restoring data from certain cloud
availability zones is an example of how colocation can improve TCO
for the enterprise.”
Download The State of the Data Center Report to learn the best
practices needed to form a successful IT strategy and key
considerations for evaluating a colocation partner.
Follow CoreSite LinkedIn:
https://www.linkedin.com/company/410519/admin/ Twitter:
https://twitter.com/CoreSite YouTube:
https://www.youtube.com/c/CoreSite/featured Connect[ED] Blog:
https://www.coresite.com/blog
About CoreSite
CoreSite Realty Corporation (NYSE:COR) delivers secure,
high-uptime data center campuses with high-performance cloud access
and interconnection solutions to a growing customer ecosystem
across eight key North American markets. More than 1,375 of the
world’s leading enterprises, network operators, cloud providers,
and supporting service providers choose CoreSite to connect,
protect and optimize their performance-sensitive data, applications
and computing workloads. Our scalable, flexible solutions and 475+
dedicated employees consistently deliver unmatched data center
options — all of which leads to a best-in-class customer experience
and lasting relationships. For more information, visit
www.CoreSite.com.
Forward Looking Statements
This press release may contain forward-looking statements within
the meaning of the federal securities laws. Forward-looking
statements relate to expectations, beliefs, projections, future
plans and strategies, anticipated events or trends and similar
expressions concerning matters that are not historical facts. In
some cases, you can identify forward-looking statements by the use
of forward-looking terminology such as “believes,” “expects,”
“may,” “will,” “should,” “seeks,” “approximately,” “intends,”
“plans,” “pro forma,” “estimates” or “anticipates” or the negative
of these words and phrases or similar words or phrases that are
predictions of or indicate future events or trends and that do not
relate solely to historical matters. Forward-looking statements
involve known and unknown risks, uncertainties, assumptions and
contingencies, many of which are beyond CoreSite’s control that may
cause actual results to differ significantly from those expressed
in any forward-looking statement. These risks include, without
limitation: the geographic concentration of the Company’s data
centers in certain markets and any adverse developments in local
economic conditions or the level of supply of or demand for data
center space in these markets; fluctuations in interest rates and
increased operating costs; difficulties in identifying properties
to acquire and completing acquisitions; significant industry
competition, including indirect competition from cloud service
providers; failure to obtain necessary outside financing; the
ability to service existing debt; the failure to qualify or
maintain its status as a REIT; financial market fluctuations;
changes in real estate and zoning laws and increases in real
property tax rates; the effects on our business operations, demand
for our services and general economic conditions resulting from the
spread of the Novel Coronavirus (“COVID-19”) in our markets, as
well as orders, directives and legislative action by local, state
and federal governments in response to such spread of COVID-19; and
other factors affecting the real estate industry generally. All
forward-looking statements reflect the Company’s good faith
beliefs, assumptions and expectations, but they are not guarantees
of future performance. Furthermore, the Company disclaims any
obligation to publicly update or revise any forward-looking
statement to reflect changes in underlying assumptions or factors,
of new information, data or methods, future events or other
changes. For a further discussion of these and other factors that
could cause the Company’s future results to differ materially from
any forward-looking statements, see the section entitled “Risk
Factors” in its most recent annual report on Form 10-K, and other
risks described in documents subsequently filed by the Company from
time to time with the Securities and Exchange Commission.
About IDG Communications, Inc.
IDG Communications’ vision is to make the world a better place
by enabling the right use of technology, because we believe that
the right use of technology can be a powerful force for good.
IDG is a trusted and dependable editorial voice, creating
quality content to generate knowledge, engagement and deep
relationships with our community of the most influential technology
and security decision-makers. Our premium media brands, including
CIO®, Computerworld®, CSO®, InfoWorld®, Macworld®, Network World®,
PCWorld® and Tech Hive®, engage a quality audience with essential
guidance on the evolving technology landscape.
Our trusted brands, global 1st party data intelligence and
Triblio platform identify and activate purchasing intent, powering
our clients’ success. We simplify complex campaigns that fulfill
marketers’ global ambitions seamlessly with consistency that
delivers quality results.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210525005268/en/
Megan Ruszkowski Vice President of Marketing 720.446.2014
Megan.Ruszkowski@CoreSite.com
Kate Ruppe Investor Relations Manager 303-222-7369
InvestorRelations.CoreSite.com
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