REDWOOD CITY, California, September 21, 2021 / PRNewswire / – Equinix, Inc. (Nasdaq: EQIX), the global digital infrastructure ™ company, found that there has been a significant year-over-year jump in companies planning to move critical applications to the cloud, despite cybersecurity concerns.
The need to remain competitive and meet increasing user demands has prompted a jump of 15% to 37% of companies saying they plan to migrate their mission-critical applications to the cloud in 2020-2021, compared to the previous year. As digital leaders build robust digital infrastructures to ensure their future success, it is estimated that nearly half (47%) of their IT infrastructure globally is now in the cloud, despite lingering concerns about cloud security. . These findings come from Equinix’s annual global study of the perspectives of 2,600 IT decision makers across the Americas, Asia Pacific and EMEA — the Equinix 2020-21 Global Technology Trends Survey (GTTS).
Since the outbreak of the global COVID-19 pandemic, the risk of cyber attacks has increased dramatically at the digital frontier. Cybercrime costs the global economy more than 1000 billion dollars with an average cost to organizations estimated at over half a million dollars per incident. The risk has been compounded by the large number of companies rapidly changing the capacity of their network to meet the increasing volumes of data traffic from remote workers. This has resulted in an increase in cloud migration and a broad implementation of cloud-based digital infrastructure as part of a hybrid infrastructure strategy.
Balancing cybersecurity concerns with cloud adoption in a digitally driven world
Jennifer cooke, Research Director, Edge Strategies, IDC, says: “Shifts in population centers, increasing frequency of cyber attacks, rapidly increasing data volumes and compliance needs, creation of business ecosystems and digital transformation have driven the need for a new approach. digital infrastructure. These market forces are prompting IT managers to consider the best strategies and prioritize investments in the core, edge, and digital data exchange. “
GTTS found 70% of respondents believe cloud migration is a top priority, with 80% focused on digitizing their IT infrastructure. This decision is not taken lightly, with the threat of data breaches / cyberattacks resulting from the growing adoption of the cloud being seen as one of the biggest threats to organizations in all three regions: 52% BITTER, 50% AP, 45% EMEA.
These concerns are not without merit. The Global Interconnection Index (GXI) Volume 4, a market research published by Equinix, revealed a growth in the number of user devices and cloud resources, which means that organizations need to be aware of distributed security risks such as DDoS attacks, which have multiplied 270% year on year.
Michel Montoya, Chief Information Officer, Equinix, said: “Digital transformation is essential to the survival of businesses. Every business becomes a software company and the pandemic has accelerated the need for digital transformation. Indeed, the conclusions of Gartner 2021® The board survey * shows that 69% of boards have stepped up their digital business initiatives in the wake of COVID-19.
“The move to the cloud is at the heart of this transformation. However, as our GTTS shows, many digital leaders remain nervous about this migration, with IT decision makers highlighting their fears about increasing data leaks and security breaches.
“Cyber hygiene remains vitally important in the cloud. Equinix offers a robust and interconnected platform that enables the direct and secure exchange of data between companies. Equinix Fabric enables connectivity to global digital business ecosystems and a myriad of cloud service providers. As Chief Information Security Officer, I am now confident that my cloud deployments avoid the public internet and associated cyber risks. “
Stacy hayes, Co-Founder and Executive Vice President of Assured Data Protection, added: “Equinix and Equinix Fabric have enabled us to deliver our Rubrik Cloud services on a fast, scalable and secure interconnect platform, with access to multiple hyperscaler clouds, which will not only protect our customers’ data today, but their will also give much more value to their data in the future. ”
Other notable findings from the Global Technology Trends Survey include:
- 80% of IT decision-makers said digitizing their IT infrastructure is a top priority, with 76% work to improve the user experience.
- Almost half (48%) of respondents said they believe the threat of data breaches and cyber attacks resulting from the migration to the cloud is one of the biggest threats globally.
- 81% of digital leaders said they prioritize improving their organization’s cybersecurity, a significant increase from 70% who said that in the 2019-2020 edition of the survey.
To learn more about the Global Technology Trends Survey or to download a copy, please visit: https://www.equinix.com/resources/infopapers/equinix-tech-trends-survey
About the Equinix 2020-21 Global Technology Trends Survey (GTTS)
The independent study, commissioned by Equinix, interviewed 2,600 IT decision makers at various companies across the Americas (Brazil, Canada, Colombia, Mexico, WE), 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, United Arab Emirates, United Kingdom). Respondents were selected to participate from Dynata’s online panel. The survey was conducted online between December 17, 2020, and January 8, 2021.
* Gartner, Press Release, Gartner Says 69% of Boards Accelerated Digital Business Initiatives Following COVID-19 Disruption, September 30, 2020.
GARTNER is a registered trademark and service mark of Gartner, Inc. and / or its affiliates in the United States and internationally, and is used here with permission. All rights reserved.
Equinix (Nasdaq: EQIX) is the global digital infrastructure company, enabling digital leaders to leverage a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix gives today’s businesses access to all the right places, partners and opportunities they need to accelerate their advantage. With Equinix, they can scale with agility, accelerate 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 the expectations discussed in these forward-looking statements. Factors that may cause such differences include, but are not limited to, the challenges of acquiring, operating and building IBX data centers and developing, deploying and delivering Equinix products and solutions, unforeseen costs or difficulties in integrating companies that we have acquired or will acquire into Equinix; a failure to collect significant revenue from customers in newly built or acquired data centers; failure to enter into any contemplated financing agreement from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or obtain funds to repay new or outstanding debt; the loss or decline of the business of our key customers; risks relating to our taxation as a REIT; and other risks described from time to time in documents filed by Equinix 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 on request from Equinix. Equinix assumes no obligation to update any forward-looking information contained in this press release.
SOURCE Equinix, Inc.