Equinix, Inc. ( EQIX Quick Quote EQIX - Free Report) has launched an industry-first Time-as-a-Service capability, Equinix Precision Time, which will be delivered over the company’s software-defined interconnection service, Equinix Fabric.
It will be offered globally as a value-added edge service on Platform Equinix and can be deployed within minutes. This will enable enterprises to use the service to run applications at the edge with precise, reliable and secure time synchronization.
In fact, for many businesses within the financial services, online gaming, government, manufacturing, and media and entertainment sectors, Time as a Service is critical for meeting compliance requirements and maintaining precise time synchronization across the network. Hence, the edge service is beneficial for latency-sensitive businesses.
Also, since there are security issues, complexities and cybersecurity concerns, with reliance on the public internet or traditional antenna-based GPS timing infrastructure solutions, Equinix Precision Time can be used to run critical applications more effectively and securely.
Equinix’s edge services enable enterprises to deploy as-a-service networking, security and hardware across the company’s global data-center footprint, as an alternative to buying their physical infrastructures. Given its benefits over traditional timing infrastructure solutions, the new edge service is likely to see decent demand, especially from latency-sensitive businesses and, thereby, boosting monthly recurring revenues for Equinix.
Markedly, technological advancements such as The Internet of Things, 5G, autonomous vehicles and artificial intelligence are driving digital transformation. Moreover, escalating growth of data, rapid accelerations in cloud adoption and greater demand for IT outsourcing have propelled the demand for data-center infrastructure.
Hence, as infrastructure providers for this rapidly-growing digital economy, data center providers such as Equinix,
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Equinix currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 22% over the past year compared with the real estate market’s rally of 47.7%.
You can see . the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
However, while the data-center market has the potential for further growth, there is stiff competition. Amid the competitive landscape, aggressive pricing pressure is likely to prevail in the upcoming period.
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