The investment in Ireland and availability of the additional building at Profile Park demonstrates Digital Realty’s confidence in the Irish market. Research, carried out by the data centre provider, found that nearly half (47%) of Irish IT decision makers feel optimistic about the growth of the tech sector in Ireland.
It is because of this optimism that Digital Realty’s Clonshaugh facilities will also undergo further development later this year as part of the company’s continued growth in the region.
The new research, with 250 senior Irish IT decision makers, revealed the areas they forecast to have the biggest impact on the sector in Ireland in the next five years include, Brexit (56%), GDPR (36%), and 5G roll out (23%).
However, IT decision makers foresee barriers to growth of the market, these include, tax on bonuses (40%), housing shortage (36%) and a lack of funding for tech start-ups (32%).
As political uncertainty in the UK rumbles on, 46% of Irish IT decision makers see Ireland as a safe harbour for data, with Ireland fast becoming the digital hub of Europe due to its skilled workforce (38%), competitive corporate tax regimes (37%) and GDPR (30%).
“Our new investment in Profile Park and ongoing investment in Ireland highlights our confidence that the technology sector in the region will continue to grow. Our research shows that decision makers in the sector share this optimism and expect the market to flourish in the coming decade,” says Val Walsh, Senior Vice President of Portfolio, Digital Realty.
“The new facility has been built to a market-leading, quality standard that maintains Digital Realty’s global standards and sets the benchmark for data centres worldwide. As we further invest and develop the campus, we will continue to innovate in our data centre design and construction.”