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The volume of data generated, processed and utilized, across industries worldwide, continues to grow at a rapid pace, reinforced by the huge demand for network services resulting from the pandemic-driven need to work remotely. Equinix is increasing its capacity in Finland to meet this demand.
This investment is part of Equinix’s continuing metro growth strategy in the Nordics region, with Finland being a good location to reach the 27 million consumers in the Nordics area. The expansion also utilizes and further supports Finland’s standing as a connectivity hub between Europe, the Baltics and Russia.
Finland is seeing a rapid increase in cloud adoption and deployment, with the hyperscale sector expected to grow to $17 billion in Finland by 2025. Through Equinix’s expanded data center capacity, Finnish and Nordic customers further afield, have increased access to Equinix Fabric™, a global interconnection service enabling businesses to connect their digital infrastructure and services on demand, at software speed. Utilizing Equinix Fabric, enterprises, network services and cloud providers alike have the ability to quickly and securely scale their digital businesses just as rapidly as the digital economy requires it.
The new expansions to HE5 and HE7 will add approximately 800 cabinets to Equinix’s current portfolio, providing further digital infrastructure capacity for customers operating in the Nordics. According to the latest Global Interconnection Index (GXI), an annual market study published by Equinix, interconnection bandwidth—the measure of private connectivity for the transfer of data between organizations—will achieve a 45% compound annual growth rate (CAGR) from 2019 to 2023, within the EMEA region. This growth is also clearly visible in Finland, and more widely in the Nordics.
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Equinix continues to invest in Finland to support the country’s many emerging technology-driven industries, including financial services, healthcare, smart city, smart maritime and smart mobility. Finland is also one of the gaming superpowers in the world, with AMD, EA, Nvidia, Ubisoft, Unity, and Zynga, all present in the market.
· In addition to key sector growth, Finland is seeing strong progress in relation to technological advancements, such as 5G. To further support the progression of 5G globally, Equinix recently announced the launch of its 5G and Edge Proof of Concept Center (POCC). The POCC will provide a 5G and edge “sandbox” environment, enabling Mobile Network Operators (MNOs), cloud platforms, technology vendors and enterprises to directly connect with the largest edge data center platform in order to test, demonstrate and accelerate complex 5G and edge deployment and interoperability scenarios.
· According to the Equinix 2019-20 Global Tech Trends Survey, 39% of IT leaders in Finland are prioritizing moving their infrastructure to the digital edge—where population centers, commerce, and digital and business ecosystems meet and interact in real time—as part of their organization’s overarching technology strategy.
· HE5 and HE7 are a part of Equinix’s growing global digital infrastructure platform, Platform Equinix®, which consists of more than 220 data centers worldwide, enabling direct and secure connectivity to customers and partners across digital supply chains.
