Growth supported through significant investments in digital; Almost part of the corporations expand into new markets practically in the cloud
Dubai, United Arab Emirates: Companies around the world are planning primary investments in virtual technologies to help ambitious expansion plans in the wake of lessons learned from the pandemic. New findings from an annual survey of generation resolution manufacturers, conducted by Equinix, Inc. (Nasdaq: EQIX), suggest that a move toward a less connected world could not be outside the plans of virtual leaders across industries and geographies. Despite fears of an imaginable recession that could end and discussions at the World Economic Forum in Davos about ending globalization, corporations appear to remain positive about their plans for global expansion.
Of those responsible for IT resolution in the United Arab Emirates (UAE) surveyed as a component of equinix’s 2022 Global Technology Trends Survey, 93% of respondents said their organization plans to expand in the next 12 months, either to a completely new region (66%), a new country (47%), or a new city (43%).
The cloud perspective has long been recognized, but its functions are now based on reality. 48% of UAE IT resolution managers planning an expansion are likely to implement virtually in the short term and then build a permanent physical infrastructure in the new market, while 44% said it would expand using existing equipment.
Corporations know a number of potentially restrictive points when it comes to global growth, and demanding supply chain situations stand out as a specific domain of concern. 59% of IT resolution managers surveyed globally said their business was plagued by global supply chain issues and shortages. , while 58% said the global shortage of microchips posed a risk to their business.
These persistent supply chain issues appear to be driving the need for more virtualization, with expansion aspirations supported through planned giant investments in virtual infrastructure. cloud, with (37%) making it a bare steel solution.
The pandemic also continues to have a significant effect on companies’ virtual strategies. More than a portion of UAE IT leaders (53%) say they are accelerating their company’s virtual evolution due to the COVID-19 crisis. In fact, more than a fraction (57 percent) verify that their IT budgets have grown as a direct result of their legacy, a glimpse into the now widely identified desire for a physically powerful virtual infrastructure to adapt in an instant to the conversion of business needs. In addition, the majority of respondents (55%) believe that the technological adjustments and investments implemented during the pandemic are here to stay.
Kamel Al-Tawil, Managing Director of Equinix Middle East and North Africa, said: “It is transparent that a post-pandemic economy is taking shape as organisations triumph over the persistently demanding COVID-19 situations and drive the recovery of their business. Organizations are adopting a virtually targeted strategy and expect generation to be such a dynamic force in transforming business processes. The Global Technology Trends Survey shows that IT decision makers in the UAE see accelerating innovation, digitizing businesses, and moving IT infrastructure to virtual advantage as the priority of their organization’s generation strategy. Today, virtual leaders are capitalizing on those hot opportunities to enable and shape their company’s aspirations for expansion. “
However, there are still significant considerations about cybersecurity. Ensuring that expansions support resilient virtual models is critical to the business, especially in an era of increasing volatility and emerging global threats. As a component of their virtual-focused strategies, 85% of international respondents showed that improving cybersecurity is a key priority. 84% said it is imperative to comply with local market knowledge regulations, while 83% under pressure want to maintain their business. According to IT professionals, the most feared threats are cyber attacks. , security breaches and knowledge leaks (70% each).
In addition, the investigation that in the United Arab Emirates:
To learn more about the Global Technology Trends Survey or download a copy, please visit: Equinix Global Technology Trends Survey 2022
Additional quotes
Eugene Bergen Henegouwen, President, EMEA, Equinix:
“The resilience of many EMEA corporations to the pandemic appears to be more powerful than ever. As the survey shows, the technological adjustments brought about by EMEA corporations during the pandemic are largely here to stay, with a strong 58% stating that they are. In addition, opportunities have been created for corporations to boost their virtual methods: cloud adoption and interconnectivity between business components have developed and continue to increase accordingly. In fact, nearly 46% of EMEA respondents report more ambitious methods, with the same number indicating that their IT budgets have increased as a direct result of COVID-19. As part of the revamped and funded IT methods, it is very promising to see technologies such as Web3, 5G and the Internet of Things take on a higher priority than ever before. We work with our consumers to expand global connectivity and gateways to the cloud, while determining which virtual facilities are most productive to meet their desires as they continue to evolve and innovate.
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About the survey
The independent study, commissioned through Equinix, surveyed 2900 IT resolution managers in corporations in the Americas (Brazil, Canada, Colombia, Mexico, United States), Asia Pacific (Australia, China, Hong Kong, India, Japan, Singapore, Korea) and EMEA (Bulgaria, Finland, France, Germany, Ireland, Italy, Netherlands, Nigeria, Poland, Portugal, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, United Kingdom). It was decided that respondents would participate in Dynata’s online panel. The survey was conducted online between March 1, 2022 and March 29, 2022.
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About Equinix
Equinix (Nasdaq: EQIX) is the global virtual™ infrastructure company, enabling virtual leaders to leverage a trusted platform to combine and interconnect the critical infrastructure that drives their success. Equinix gives today’s businesses all the right places, partners, and opportunities that want to increase their advantage. With Equinix, they can scale with agility, drive the launch of virtual services, deliver world-class reports, and multiply their value.
Forward-Looking Statements
This press release contains forward-looking statements that involve dangers and uncertainties. Actual effects may differ materially from the expectations described in those forward-looking statements. Factors that may also cause such differences include, but are not limited to, demanding situations related to the acquisition, operation and construction of IBX® knowledge centers and the development, implementation and delivery of Equinix products and solutions; unforeseen prices or difficulties related to the integration of corporations that we have won or will win at Equinix; an inability to make significant profits from consumers in newly built or acquired knowledge centers; failure to enter into financing deals weighted from time to time; festival of existing and new competitors; the ability to generate enough money or otherwise offload budget to pay off new or significant debt; the loss or decline in business from our primary customers; dangers related to our taxation as a REIT; and other hazards described from time to time in Equinix’s filings with the Securities and Exchange Commission. In particular, please refer to Equinix’s recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which may be obtained from Equinix. Equinix assumes no legal responsibility to update any forward-looking data contained in this press release.
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