Equinix is continuing to invest in growing its data center capacity in Finland. The company is expanding two of its International Business Exchange™ (IBX®) sites—HE5 and HE7—in Helsinki, with a 32 million euro investment boosting the capacity for further digitization of local and international customers. To date, Equinix has invested approximately €147M into its data centers in Finland.
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.
- 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.
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.
- Sami Holopainen, Managing Director, Finland, Equinix: “The pace of digitization worldwide, including in Finland, has greatly accelerated in the past few years. The COVID-19 pandemic has further contributed to this, with many digital transformation plans implemented more quickly than companies had originally anticipated was necessary. Customer demand in Finland continues to grow, which is why we are investing in additional capacity to further support the technological developments of companies operating here. As an important part of Equinix’s global platform, we are well equipped to help our customers in their digitization efforts”.
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.