Charles Meyers, chief operating officer of Equinix, Inc. (Nasdaq: EQIX), joined REIT.com for a video interview at REITWorld 2016: NAREIT’s Annual Convention for All Things REIT at the JW Marriott Phoenix Desert Ridge.
Meyers commented on the outlook for cloud computing.
“The cloud phenomenon is a significant and durable source of incremental demand for the data center sector broadly - and Equinix specifically,” he said.
Cloud service providers are driving demand for wholesale and retail co-location, according to Meyers. At the same time, enterprises are looking to access cloud services, he added. “We see that as a very rich source of incremental demand for the foreseeable future.”
Equinix is also involved in next-generation submarine cable projects to accommodate increased demand for data. According to Meyers, more capacity has been added in the recent past from a sub-sea capacity perspective than in the last 20 years combined.
Meyers said development will remain the company’s “primary growth lever” going forward.
Meanwhile, Equinix was the 2016 NAREIT Leader in the Light Award winner in the Data Center category. Equinix is making “great progress” toward its goal of 100 percent renewable energy, Meyers noted.