According to Equinix 2022 Global Tech Trends Survey, businesses in India are planning major investments in digital technologies to support ambitious expansion plans after lessons learnt from the pandemic. The findings suggest that 96 per cent of IT leaders in India indicated their organisation is planning to expand into new markets in the next 12 months. 67 per cent of those planning an expansion said they are most likely to support it by deploying virtually in the short-term and then building permanent physical infrastructure when needed.

The pandemic also continues to have a significant impact on Indian businesses’ digital strategies with 63 per cent of respondents citing that their IT strategy has become more aggressive and ambitious because of the pandemic. 65 per cent confirm their IT budgets have increased as a direct outcome of its legacy, an insight into the now broadly acknowledged necessity for robust digital infrastructure to pivot to evolving business needs in an instant. Furthermore, 63 per cent of respondents believed the technology changes and investments implemented during the pandemic are here to stay.

57 per cent of Indian businesses surveyed are observing a significant positive business impact from having a strong 5G network to take advantage of new technologies such as artificial intelligence (AI) and internet of things (IoT). At the same time, 43 per cent of them realised the need to rearchitect their IT infrastructure to ensure it supports 5G capabilities. With respect to Indian organisations’ three-year technology strategy, 5G network infrastructure is perceived as the most important (44 per cent), followed by IoT applications (34 per cent) and edge computing (32 per cent).

Meanwhile, 65 per cent of respondents in India said they expect increased spending on carrier-neutral colocation solutions, while 71 per cent said they intend to increase investment in interconnection services to increase speed of connectivity and reduce latency (53 per cent), increase flexibility of connectivity (51 per cent) and improve network optimisation (50 per cent).

On the other hand, a number of potentially limiting factors were also identified by Indian IT decision-makers when it came to business success, with cyber-attacks highlighted as a particular area of concern (78 per cent). In addition, 76 per cent faced challenges in working with more complex digital supply chains and 76 per cent specified the global supply chain issues and shortages as key threats to their business. These continued supply chain issues appear to be driving a need for more virtualisation, with growth aspirations underpinned by significant planned investment in digital infrastructure.

In addition, the survey revealed that in India:

  • Evolution of Web 3: A majority of Indian IT leaders (52 per cent) expect Web 3 to replace Web 2 within the next 1-5 years. 79 per cent of respondents indicate that their business has a Web 3 strategy in place already.
  • Cloud migration continues: 40 per cent of IT leaders in India deploy public cloud, while 93 per cent of them reported working with two or morecloud providers. 86 per cent of Indian IT leaders said they plan to move more business functions to the cloud. Of those respondents, 79 per cent of them plan to move their security functions to the cloud, and 60 per cent intend to move databases to the cloud.
  • Focusing on hiring talent from small towns: The technology landscape in India is experiencing war for talent. 95 per cent of Indian IT leaders said there are opportunities to hire from smaller towns in India to tap into fresh talent pools.
  • Focusing on sustainability: While innovating, digital leaders are keeping a close eye on the sustainability of their IT infrastructure. In India, 85 per cent said they have commitments made to science-based targets, while 84 per cent indicated that their customers want to know they are taking steps to reduce carbon footprint of their IT infrastructure.

Commenting on the report, Jeremy Deutsch, president, Asia-Pacific, Equinix, said, “We are thrilled to see business leaders in Asia-Pacific prepare for international expansion and show more determination to speed up their pace for digitisation despite current financial concerns and operational constraints from global supply chains. This current trend is in line with findings from our latest study, where 85 per cent of IT leaders in Asia-Pacific were confident about global expansion strategies. Equinix is dedicated to helping our customers and partners seize every business opportunity through our global platform and interconnected digital ecosystem, especially under the post-pandemic landscape as businesses continue to navigate their digital transformation journeys to thrive in today’s digital world.”

Meanwhile, Manoj Paul, managing director, Equinix India, said, “The Covid -19 pandemic has accelerated the digital transformation journeys of organisations in India. The survey shows that Indian companies are extremely optimistic about the future with nearly all respondents expressing plans to expand their IT infrastructure and also into new markets. It is also overwhelming to see organisations in India adopting and evolving with the latest technologies like hybrid and multicloud, SD-WAN, 5G, Web 3 and digital edge. Equinix’s digital infrastructure enables enterprises to capitalize on all these technologies in order to grow their business efficiently. Sustainability too has become a mainstream priority for most Indian organizations keeping with the nation’s goals. At Equinix, we are committed to becoming climate neutral by 2030 and our continued evolution will help our customers transform and expand their businesses sustainably.”

Further, Rick Villars, group vice president, Worldwide Research, International Data Corporation (IDC), said, “Even as enterprises seek to navigate the waves of disruptions associated with inflation, supply chain disruptions, and unmet skills needs that arose in the first half of 2022, IDC consistently hears from IT leaders that timely and expansive access to innovative technology, interconnectivity, and intelligent software-as-a-service (SaaS) resources is critical. Companies like Equinix, that can speed access to needed facilities and connectivity options while also enabling more effective use of hybrid and multicloud services, will play a vital role in helping IT teams make sustainable technology investment decisions and take full advantage of SaaS and digital infrastructure.”