Data gravity intensity will experience an overall 139 per cent growth.
Digital Realty’s annual Data Gravity Intensity report shows that there is an as measured in gigabytes per second, is expected to have a compound annual growth rate of 139 per cent globally by 2024.
The DGx study used a formula to predict the amount of data growth across 21 metro centres, based on factors such as creation, aggregation, and private exchange.
According to the study, data gravity intensity (measured in gigabytes per second) will experience an overall 139 per cent compound annual growth rate (CAGR) annually. Singapore leads the metro areas with a predicted 200 per cent CAGR, followed by Hong Kong (177 per cent), Sydney (159 per cent), and Tokyo (155 per cent).
By 2024, it is estimated G2000 Enterprises across the 21 metros will create 1.1 million gigabytes of data per second.
By 2024, EMEA is expected to remain the home to the greatest intensity of Data Gravity across the 21 metros.
Across the 21 metros, EMEA and APAC Data Gravity Intensity are increasing at faster rates than North America.
Across the 21 metros, EMEA region Data Gravity Intensity will exit 2024 at almost double the rate of North America.
Singapore is a critical business and data hub for global enterprises with presence in the APAC region with its pro-business policies and diverse connectivity options.
Hong Kong is an international financial and trade hub and connectivity gateway between APAC and the rest of the world for global enterprises.
Sydney has developed into a global business hub with most global enterprises with operating presence, in addition to serving as a rich connectivity gateway.
The United States city of Seattle has become the home to many global enterprises participating in the cloud ecosystem, in addition to being a connectivity conduit between North America and APAC regions.
While Hong Kong to Tokyo is projected to be in the top 10 attraction between metros by 2024. Tokyo is the gateway to Asia from the US and has lots of manufacturing and, in addition to being a financial centre, drives large amounts of data creation. While the attraction is predicted to increase between 2020 and 2024, this attraction is expected to stay in the top 10 for a long time.
The report shows data stewardship drives global enterprises to increase their digital infrastructure capacity to aggregate, store and manage most of the world’s data.
The digital economy is remaking both private and public enterprises across all industries, transforming how they create and deliver value.
To implement this data-centric architecture, Enterprises and Service Providers need a secure, neutral meeting place to host their infrastructure in proximity to yet separate from each other. A multi-tenant data centre platform enables such a deployment paradigm.