Findings from an annual survey of technology decision-makers, by Equinix, Inc., says businesses appear to remain bullish about their plans for further global expansion despite concerns of a potential looming recession and talk at the World Economic Forum in Davos about the end of globalization.
Of the 2,900 IT decision-makers surveyed globally in the Equinix 2022 Global Tech Trends Survey, 72% of respondents indicated their organization is planning to expand in the next 12 months, into either a new city (31%), a new country (33%), or a new region entirely (38%).
A number of potentially limiting factors were identified by businesses when it came to global growth, with supply chain challenges highlighted as a particular area of concern. 59% said their business was plagued by global supply chain issues and shortages, while 58% specified the global microchip shortage as a threat to their business.
The company’s recent blog shares that supply chain issues appear to be driving a need for more virtualization, with growth aspirations underpinned by significant planned investment in digital infrastructure. Almost half (47%) of respondents said they plan to facilitate global expansion plans by deploying virtually via the cloud, with over a quarter (26%) doing so using a bare metal solution. Meanwhile, 47% globally said they expect increased spending on carrier-neutral colocation solutions to facilitate the planned rise in digital deployments, while even more (59%) said they intend to increase investment in interconnection services as they plan to progress digital transformation and build resilience.
Survey highlights and details about downloading the full report can be accessed here: https://www.multivu.com/players/English/8674654-equinix-2022-global-tech-trends-survey/