This is the Tagline, edited under "Misc Content"
Oct 19, 2021
SINGAPORE, October 20, 2021 – 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 in Asia-Pacific 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.
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%. In Asia-Pacific, interconnection bandwidth is expected to surge ahead at 46% CAGR, reaching 6,002 Tbps by 2024, and making up 28% of global interconnection bandwidth. Singapore is keeping pace with other core metros in the region, expecting an interconnection bandwidth capacity growth of 42% CAGR by 2024.
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
APAC and Singapore Insights from GXI Vol. 5
“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.”
Yee May Leong, Managing Director, Equinix South Asia, added, “Singapore keeps its long-standing status as the digital and financial hub for the region. This concurs with one of the key findings of the report where the Singapore metro emerged as the top choice for connectivity among digital leaders setting up operations in the ASEAN region. As Singapore moves closer to realize its Smart Nation vision, we expect digital transformation and consumption of digital services to further accelerate, fuelling the continuous growth in interconnection bandwidth.”
Industry Perspective on the Global Interconnection Index
“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
About Equinix
Equinix (Nasdaq: EQIX) is the world’s digital infrastructure companyTM, 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.
Equinix Media Contact (Asia-Pacific)
Annie Ho
Equinix
+852 2970-7761
annho@ap.equinix.com
Media Contact (Singapore)
Team LEWIS
equinixSG@teamlewis.com