Intelligent CIO Europe Issue 56 - Page 25

TRENDING

62 % OF UK BUSINESSES FORGE AHEAD WITH EXPANSIONS DESPITE ECONOMIC CONCERNS AND SUPPLY CHAIN CHALLENGES

New findings from an Equinix survey reveal some key insights into the UK IT industry , showing that global growth is underpinned by significant investment in digital with nearly half of businesses expanding into new markets virtually via the cloud .

Businesses around the world are planning major investments in digital technologies to support ambitious expansion plans following lessons learned from the pandemic . New findings from an annual survey of technology decision-makers , by Equinix , suggest a movement towards a less connected world could not be further from the plans of digital leaders across industries and geographies . Despite concerns of a potential looming recession and talk at the World Economic Forum in Davos about the end of globalisation , businesses appear to remain bullish about their plans for further global expansion .

Of the 2,900 IT decision-makers surveyed globally in the Equinix 2022 Global Tech Trends Survey , 72 % of respondents indicated their organisation 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 %).
The global sentiment was echoed by UK-based IT decision-makers , with 43 % planning expansion into
As part of their digital-first strategies , 85 % of respondents confirmed a key priority is improving cybersecurity .
a new region ; 31 % into a new country ; and 26 % into a new city . Overall , however , tech decision-makers in EMEA were less ambitious in terms of expansion plans , with 59 % planning to expand into a new market in the next year – perhaps reflecting more caution around economic factors . By contrast , IT leaders in APAC and in the Americas were more optimistic in this regard , with 82 % and 78 % intending to expand across geographies .
A number of potentially limiting factors were identified by businesses when it came to global growth , with supply chain challenges highlighted as a particular
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