Digital Realty expands Dublin data centre as it readies itself for multibillion-Euro tech boom
Hosting/Colocation Innovation of the Year
• Digital Realty launches upgraded €70 million facility in Clonshaugh, Dublin as part of Ireland’s growing data centre sector which has contributed €7.13 billion to Ireland’s economy in the last decade
• The opening expands Digital Realty’s PlatformDIGITAL™ offering in Europe
• Dublin currently 39th out of 60 global Digital Capitals Index, but set to rise as AI, IoT, Blockchain and 5G impact
• Digital Realty predicts that this emerging tech boom, driven by AI, IoT, Blockchain and 5G will add an additional €6.37 billion to Dublin’s economy by 2029
Digital Realty a leading global provider of data centre, colocation and interconnection solutions, announced the official opening of its Clonshaugh data centre, the latest facility in its portfolio of data centres in Dublin, Ireland.
The data centre, which represents a €70 million investment, follows the company’s previous €200 million investment in the Dublin data centre market, culminating in the opening of its Profile Park campus last May. The new Clonshaugh facility supports the further growth of Dublin’s technology ecosystem, which is predicted to experience a multibillion-euro technology boom over the next decade, according to a study commissioned by Digital Realty and conducted by Development Economics, an economic consultancy providing robust research for clients ranging from Barclays to Facebook.
Dublin to thrive as AI, IoT, Blockchain and 5G arrive
The Digital Realty-commissioned study – Digital Capitals Dublin Report – examines the value that innovative technologies will deliver to the city’s economy over the next decade through new jobs, businesses, industries and efficiencies in public services.
Dublin ranks 39th out of the 60 digital cities studied by Development Economics. However, when adjusted for population size, Dublin’s ranking improves by 31 places, putting the city in 8th place overall. The report predicts that Dublin will climb four places higher by 2029, due to the rapid growth of the technology sector in the city.
The report focuses on four of the most widely discussed technology innovations as key drivers for this growth: Artificial Intelligence (AI), the Internet of Things (IoT), Blockchain and 5G.
Digital Realty’s investment in its new Clonshaugh facility is designed to underpin the growing importance of these data-led technologies to Dublin’s economy, by ensuring the city’s businesses have a digital-ready infrastructure to adopt and deliver on complex technology. Through Digital Realty’s PlatformDIGITAL™, customers will be able to connect their entire digital ecosystem together with one data centre provider while simultaneously solving complexities such as increased demand, global coverage and additional capacity requirements.
By 2029, these new technologies are primed to contribute even more growth, with an estimated €6.37 billion added to Dublin’s economy, €5.14 billion more than in 2019.
“Over the past few years, Dublin has firmly cemented itself as the data centre capital of Europe and our investment in Clonshaugh comes as a direct result of the increased demand we’re seeing there,” says Jeff Tapley, EMEA Managing Director, Digital Realty.
“Dublin is on the cusp of a technology revolution that could drive substantial economic growth for the city for years to come. However, in order for this to become a reality, businesses need to ensure that they’re investing in secure digital infrastructure that’s both flexible and adaptable. Businesses can rely on our secure platform to connect to and deliver the critical technology they need to succeed, from AI to IoT, from one city and country to anywhere in the world in order to efficiently scale and grow.”
“This latest investment from Digital Realty shows that Ireland is optimally placed to capitalise on transformative technologies and data driving the Industrial Revolution 4.0 including secure data that will require a robust data centre infrastructure,” says Garry Connolly, Founder and President, Host in Ireland.