Along with the increase in internet usage, there is a growing increase in Interconnection − the direct and private traffic exchange between businesses − in Latin America (LATAM). According to the second annual Global Interconnection Index (the GXI), the LATAM region is projected to be the fastest growing region in the world, with Interconnection Bandwidth capacity increasing at 59% compound annual growth rate (CAGR) between 2017 and 2021.
The financial services industry in particular is centered in Brazil’s vital metro São Paulo, making it the largest financial hub in Latin America (LATAM). And the convergence of submarine cable systems, such as Monet and Globenet, makes Brazil a growth hot spot for telecommunications and hyperscale cloud providers such as Microsoft Azure, AWS and Google.
Today, LATAM is the smallest geographic region in terms of estimated Interconnection Bandwidth capacity, with 154 Terabits per second (Tbps) installed in 2017. By 2020, the study projects that LATAM could reach 626 Tbps, representing 13% of the global installed Interconnection Bandwidth capacity. Interconnection Bandwidth is defined as the total capacity provisioned to privately and directly exchange traffic with a diverse set of counterparties and providers at distributed IT exchange points.
Today our deal with Verizon is final, making this one of the most momentous days in Equinix history. By adding 29 new facilities, we’ve expanded our global data center footprint by nearly 20%. And as significant as that expansion is to our business, it will have an even bigger impact on our customers worldwide.
Our continued expansion comes as the shift to digital disrupts businesses worldwide, forcing them to transform their IT architectures to be agile and dispersed enough to be where their business demands. Our commitment to continuous, thoughtful expansion means that wherever our customers need us, we’ll be there, in 2017 and beyond.
Just this month, Equinix doubled our capacity in Brazil by opening SP3, our largest facility in Latin America. It’s also our third data center in São Paulo, to go along with two facilities in Rio de Janeiro. Check out this video to get a look inside SP3.
Our newest flagship IBX data center, SP3 in São Paulo, Brazil, just opened its doors. If you're not fortunate enough to make it down there for a tour firsthand, enjoy these amazing photos of our latest facility.
Last week, I was pleased to open SP3, the largest Equinix International Business Exchange™ (IBX®) data center in Latin America. The facility is located in Santana de Parnaíba, a city in the São Paulo metro area, and will promote interconnection between the rich business ecosystems hosted on Equinix’s global platform.
It’s time to welcome 2017, but before we pop the champagne, make our resolutions or let loose showers of confetti, we at Equinix want to give 2016 a little love before it’s past us, because it was quite a year.
For the first time, many of the Games’ IT systems are being managed in a cloud environment. Leading this transformation is Atos SE, the IT partner for the Olympics since 1992. Atos has embraced the cloud to speed competition results and other critical data to any platform, anywhere.