Bandwidth used in private data exchange between businesses is expected to be six times that of the public internet by 2020, according to Global Interconnection and data centre company, Equinix.
 
The insights come from the Global Interconnection Index, a new market study published by Equinix. The Index found that Interconnection Bandwidth is outpacing growth of the public internet, growing at nearly twice the rate. 
 
According to the Index, global Interconnection Bandwidth – the total capacity required to privately and directly exchange traffic at distributed IT exchange points – is expected to reach 5,000 Tbps by 2020, compared to an expected 855 Tbps for the public internet. It is forecast to grow 45% CAGR, dwarfing global IP traffic growth of 24%.
 
Industries leading the growth of Interconnection are banking and insurance, telecommunications and cloud and IT services. It is also influenced by global trends including digital technology use, urbanisation and cybersecurity risk. Equinix expects that Ireland will contribute significantly to Interconnection growth in Europe as an increasing number of companies look to locate their data here.
 
Commenting on the report, Managing Director for Ireland and emerging markets at Equinix, Maurice Mortell said, "Interconnection in Europe is expected to grow 44% per annum in terms of Bandwidth as businesses shift to digital. We will continue to invest significantly in Ireland in order to support the huge growth of private interconnections that the digital revolution demands. As enterprises continue to adopt a new digital way of working, we expect Ireland to become a go-to location for international businesses needing to interconnect within Europe." 

Source: www.businessworld.ie