An interconnected world that promotes connectivity and cooperation creates growth opportunities. In Asia-Pacific, the demand for connectivity is obviously growing. According to the Global Interconnection Index, published by Equinix, Interconnection Bandwidth in Asia-Pacific is expected to grow 46% per annum to reach 1,120 Tbps of installed capacity, approaching nearly a quarter (22%) of global traffic.
5G is the fifth-generation of wireless broadband technology and is poised to revolutionize the networking industry by providing an unimaginable level of innovation. The first commercial launches of 5G products and services are rolling out this year and the recent Ericsson Mobility Report estimates that by 2023 there will be 1 billion 5G subscriptions, accounting for approximately 20% of all mobile data traffic.
The life of an Interconnection Specialist or Peering Lead at Equinix is busy at the best of times. However, as spring turns into summer, the good and the great of the network and content provider community are engaged in a frenzied criss-crossing of land and sea as they attend some of the most important interconnection events of the year, and we’re right alongside them.
Interconnection enables the private and direct exchange of data traffic between counterparties and creates a platform for networking between organizational boundaries, and it is growing at a rapid rate. According to the Global Interconnection Index, a market study published by Equinix, by 2020 the global Interconnection Bandwidth capacity growth rate is expected to outpace traditional connectivity approaches by 2X (IP networks) and 10X (MPLS networks).
Blockchain is one of those exciting innovative technologies that plays right into the Equinix DNA. We see a clear path on how Equinix will contribute to its successful adoption and deployment by enabling the global reach of blockchain systems, interconnecting blockchain supplier and consumer ecosystems, and integrating new blockchain technologies with existing legacy infrastructures.
Complimentary technologies like Network Function Virtualization (NFV) that decouple traditional network devices from physical boxes and virtualize them, i.e. firewalls, load balancers, intrusion detection devices, WAN accelerators, etc. provide a platform more conducive to dynamically consumable services.
Equinix not only provides a vast number of Google Cloud Interconnection options, but we also offer direct and on-demand access to Google Cloud services on a global scale. With dedicated interconnection services to GCP in 19 metros worldwide, we’re making it easier for customers to consume Google Cloud services from anywhere.
Virtualization has made it possible to separate the software functionality of all those boxes from the specific appliance-type hardware in which it resides. Network functions virtualization (NFV) software can replicate an appliance’s function in a more cost-effective commodity server, which is easy to obtain and deploy and can hold the software for numerous functions at once. People like the improved simplicity, cost, agility and speed that comes with this change.
You learn a lot from your customers, especially how they use your products and what they find useful. At least that is what we experienced during our Equinix SmartKey public beta trial with dozens of enterprise and service provider participants.
The dynamic and interactive characteristics of these technologies demand more elasticity than today’s legacy backbone networks can deliver, as well as more flexible, agile and cost-effective low-latency and high-bandwidth connections to handle the digital deluge. In fact, the Global Interconnection Index predicts that by 2020, digital business will require over 5,000 terabits of Interconnection Bandwidth capacity to privately exchange data between businesses, outpacing the overall global growth of IP traffic, the internet and MPLS networks.