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Sep 30, 2021
REDWOOD CITY, Calif. – September 30, 2021 – Equinix, Inc. (Nasdaq: EQIX), the world's digital infrastructure company™, has found there has been a significant year-on-year leap in companies planning to move business-critical applications to the cloud, despite cybersecurity concerns.
The need to remain competitive and cater to increased user demands has prompted a 15% jump to 37% of companies saying they plan to move business-critical applications to the cloud in 2020-21, compared to the previous year. As digital leaders build robust digital infrastructures to ensure future success, it is estimated that almost half (47%) of their IT infrastructure globally is now on the cloud (51 % in Finland), despite ongoing concerns over cloud security. These findings come from Equinix’s annual global study of the views of 2,600 IT decision-makers across the Americas, Asia-Pacific and EMEA—the Equinix 2020-21 Global Tech Trends Survey (GTTS).
Sami Holopainen, Managing Director for Equinix Finlandin said: “Cloud adoption and plans to increase it are not just hype. According to our survey over half (51%) of Finnish IT decision makers say that they are planning to increase cloud adoption, and close to half of them (44%) are doing this during the next year. Globally these figures are even higher: 68 % and 67% respectively.”
Multi- and hybrid-cloud strategies are also very popular in Finland. According to the survey, 40% of IT decision-makers are utilizing hybrid cloud (up from 29 % in 2020’s survey) and 32% are using several clouds through a multi-cloud strategy. The use of public clouds as the only solution went down from 29% in 2020 to 15% in 2021.
Balancing cybersecurity concerns
Since the outbreak of the global COVID-19 pandemic, the risk of cyberattacks has greatly expanded at the digital edge. Cybercrime costs the world economy more than $1 trillion with the average cost to organizations estimated to be more than half a million dollars per incident. Risk has been compounded by the large number of companies quickly shifting network capacity to cater to increasing volumes of remote worker data traffic. This has prompted a surge in cloud migration and broad implementation of cloud-based digital infrastructure as part of a hybrid infrastructure strategy.
The GTTS found 70% of global respondents (66 % in Finland) believe migrating to the cloud is a top priority, This move is not being made lightly, with the threat of data leaks/cyberattacks as a result of increased cloud adoption being perceived as one of the biggest threats to organizations: 45% of EMEA respondents and 37 % in Finland said this. In AMER 52 % of respondents said this is a real threat.
These concerns are not without merit. The Global Interconnection Index (GXI) Volume 4, a market study published by Equinix, revealed a growth in the number of user devices and cloud resources, meaning organizations have to be aware of distributed security risks such as DDoS attacks, which have grown over 270% year-over-year.
Other findings of note from the Global Tech Trends Survey include:
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 Equinix 2020-21 Global Tech Trends Survey (GTTS)
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.
Additional Resources
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.
Media contacts
Equinix Media Contact (EMEA)
Jess Sullivan
+44 7876 712861
Jess.Sullivan@eu.equinix.com
Media contact in Finland:
Juhani Lassila, Johnny L. / Lataamo
+358 40 541 2365
juhani@johnnyl.fi