Bringing our total site locations in Australia to 15, Equinix now has a national footprint that fulfils a big promise to our customers, via an acquisition that represents our determination to continually meet their growing needs.
In Hong Kong, businesses have responded late to Digital Transformation. Playing catch-up, a lot of enterprises are now going through their own transformations quickly as they realize it is key to staying relevant. Hong Kong in general is a cautious market; businesses don’t jump feet first – they wait for industry movements, assess these movements to see if they’re a fad, and ask themselves, “Do we really need to do it?”
More recently, this time of year has witnessed increased demand in content delivery and video streaming. During last year's CNY celebration, unique television viewers reached a record 295 million, an 8% increase from the year before, whilst a record 632 million video streams were generated on Tencent, an increase of 90% from 2015.
What does the digital edge have to do with payments? The answer lies in the fact that the world has gone digital, which is changing almost every aspect of how payments are processed. The digital edge is enabling payment providers to connect to their customers where they are, to deliver services that are fast and secure.
The acquisition also helps us to further strengthen our leadership position in the region. According to Synergy Research Group, the combined market share of Equinix and Metronode in Australia as of Q3 2017, was 18%, which surpassed all other individual market players in terms of colocation revenues.
Faster than many of us realize, digital has become the new norm. Gone are the days when we talk about companies doing digital as it is no longer a differentiator – we all do it. Digital is persistently transforming all industries and as a result, has become the growth engine of the global economy.
It seems as if the world is living in the kind of “interesting times” promised by the infamous Chinese saying. Take Asia-Pacific for example, where a season of uncommonly powerful and destructive storms, like the monster Typhoon Hato that caused Hong Kong to grind to a halt; and Hurricane Harvey in the United States just a few months ago, have cost countries billions in damages and exacted a sad toll in human lives.
The Index projects that Interconnection Bandwidth capacity will increase at a compound annual growth rate (CAGR) of 46% between 2016 and 2020. That’s higher than both the United States and Europe, and will quadruple APAC’s Interconnection Bandwidth to 1,120 Terabits per second (Tbps) of installed capacity – approaching a quarter (22%) of the global total.
Our newest data center in Hong Kong – HK5 is now open for service, reaching a milestone of 30 data centers in the region. This purpose-built facility is strategically located in close proximity to submarine cable landing stations and has low latency and private connection to entrenched financial services firms. Now, take a virtual tour of the brand new data center!
When the pundits predicted that the cloud would change everything about enterprise IT, they were dead right. Thanks to enhanced security, more and more companies are embracing cloud for mission critical operations like back-up, disaster recovery, business continuity and storage.