REDWOOD CITY, Calif.,
Oct. 19, 2021 /PRNewswire/ -- The latest Global
Interconnection Index (GXI Vol. 5), an annual market study
published by Equinix, reveals that the pandemic has forced
economies into digital overdrive, with digital leaders, businesses
who were already implementing a digital-first strategy, moving four
times faster than pre-pandemic levels. These businesses have
compacted the time to deploy their digital infrastructure to
multiple regions, expand to multiple edge locations and integrate
multiple clouds—what might have taken two years is now achievable
within six months.
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This accelerated pace of digital transformation is predicted to
continue to fuel the rapid growth in interconnection bandwidth.
According to the GXI Vol. 5, overall interconnection bandwidth, the
measure of private connectivity for the transfer of data between
organizations, is forecast to reach 21,485+ terabits per
second (Tbps), or 85 zettabytes, per year by 2024, representing a
five-year compound annual growth rate (CAGR) of 44%. This growth is
aligned with the increasing demand for the digital infrastructure
needed to bring more businesses online, facilitate electronic
integration with partners and supply chains, and reach more people
in distributed hybrid work environments.
Additional Insights From GXI Vol. 5
- Close to 30% of enterprise infrastructure deployed in
carrier-neutral facilities has moved to the edge, in proximity to
points of data consumption. Service Providers are also expanding at
the edge, growing their edge infrastructure 2x faster than their
core infrastructure, enabling them to support increasing demand
from enterprises.
- Digital leaders are interconnecting with 10 times as many
partners, enabling them to ride the wave of digital transformation
and enjoy best-of-breed services from a vast pool of Service
Providers and partners. The trend has been tracked across 12
industries and three regions for traditional companies, born in the
cloud, Service Providers and even hyperscale providers.
- Among industries, the Financial Services sector is expected to
deploy more than 50% of Enterprise interconnection bandwidth, with
Manufacturing as the second-largest industry.
- The Public Sector, Healthcare & Life Sciences, Industrial
Services and Transportation industries are expected to experience
the fastest digital infrastructure growth, which is forecast to
drive a 48% or more CAGR in interconnection bandwidth from 2020 to
2024 globally. These industries that were previously lagging
in interconnection adoption are now leading in interconnection
growth rate as a result of the pandemic.
"While COVID has forced businesses to innovate in many ways, by
both expanding existing and introducing new digital services, the
infrastructure underpinning these services must keep pace," said
Claire Macland, Senior Vice
President of Marketing, Equinix. "As a result, savvy businesses are
now moving four times faster than pre-pandemic levels in deploying
this necessary digital infrastructure."
Industry Perspective on the Global Interconnection
Index
- Courtney Munroe, Research
Vice President, Worldwide Telecommunications Research, IDC
"Companies that have adopted a comprehensive digital strategy as
a core business pillar—connecting with and leveraging digital
platforms with partners, ecosystems, and customers, consistently
emerge as disruptive market leaders. Adopting digital platforms and
services is essential to achieve the level of agility and
resiliency that is required to outpace and out-innovate the
competition."
Additional Resources
- Global Interconnection Index Volume 5 [report]
- GXI Vol. 5 Blog [blog]
- IDC - A Blueprint for DX Success—Start with Hybrid
Infrastructure and Connected Ecosystems [report]
- The Future of Digital Leadership [report]
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. Equinix 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, including statements about the speed of digital
infrastructure expansion and the growth rate of interconnection
bandwidth. Actual results may differ materially from expectations
discussed in such forward-looking statements and the predictions
made in the Global Interconnection Index. Factors that might cause
such differences include 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.