The Global Interconnection Index (GXI), an annual market study, predicts that private connectivity is on the verge of growing 51% compound annual growth rate (CAGR) across EMEA (Europe, Middle East, and Africa).
A total bandwidth capacity of more than 13,300 tbps, or 53 zettabytes of data exchanged annually. As an example, this amount of data can support every person on the planet simultaneously downloading a complete season of Game of Thrones, in ultra-high definition resolution in less than 24 hours.
Furthermore, the GXI market study finds the direct and private traffic exchange between businesses. This is an essential component to the emerging digital business as companies must address growing data volumes and increasing data exchange velocity across the uprising number of business ecosystems, according to GXI.
A survey showed that at least 2,450 global senior IT professionals, almost half of the total number of global-IT decision makers, claims that interconnection is a key factor in digital transformation.
Eugene Bergen Henegouwen, President of EMEA, said “Europe’s predicted CAGR of 51%, illustrates the fact that enterprises across the continent are increasingly using new and innovative ways of interconnecting with their customers and partners, to stay relevant and gain a competitive advantage. In line with this, results from our independent survey found the EMEA region has the largest proportion of organizations – at 63% – using interconnection to support their expansion into new regions, countries or metros. This shows interconnection is a critical business asset for companies increasingly looking to operate across borders and in doing so, broaden customer bases.”
Moreover, a survey made in the UAE shows that 7 out of 10 IT decision-makers thinks interconnection is a key facilitator of digital transformation. The study includes where UAE organizations dedicate their technological metamorphosis. The study shows that improving cyber security is a top priority for businesses with 77%. Followed by customer care experience with 73%.
“The significant increase in data created, aggregated and analyzed in these new locations is contributing to a major shift away from deploying IT in traditional corporate data centers. Enterprises need access to robust, modern data center facilities near the edge locations where businesses want to deploy dedicated infrastructure and interconnect to the increasing number of clouds, customers and partners that are at the core of digital transformation efforts,” said Rick Villars, Research Vice President, Datacenter and Cloud, IDC.