Equinix report reveals changing working patterns, brought about by COVID-19, spark surge in digital infrastructure investment
LONDON, UK – May 11, 2021 – 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.
Surveying 2,600 IT decision-makers from diverse enterprises across 26 countries in the Americas, Asia-Pacific and EMEA regions, the study reveals that, in the UK:
Digital transformation in the post-pandemic future
Digitisation and business investment in digital infrastructure have increased as a result of COVID-19. Almost half (48%) of digital leaders surveyed in the UK, compared to 47% of those surveyed globally, said they have accelerated digital transformation plans because of the pandemic. Almost half (45%) of those in the UK also 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. In the UK, more than two-thirds (67%) of digital leaders said they have revised their IT strategy as a result of COVID-19, while 55% said they want to invest in technology to be more agile post-COVID.
Asked about their biggest priorities for their organisation’s digital strategy, 86% of respondents in the UK (compared to 80% globally) reported digitising their IT infrastructure was a top priority, with 61% saying they see interconnection as a key facilitator of digital transformation—twice as many as last year.
Concerns that the pandemic will have put the brakes on companies’ expansion plans lessened
Utilising interconnection for success
Claire Macland, Senior Vice President, Global Marketing at Equinix, said: “Digital leaders around the world were clearly already working to accelerate their organisations’ 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 organisations are continuing to expand physically and virtually into new markets and regions around the world.
“This increasing focus on digitisation 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 organisations—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 centralised 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, U.K.). Respondents were selected for participation from Dynata’s online panel. The survey was conducted online between December 17, 2020 and January 8, 2021.
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.
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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