The 5MW expansion gives new and existing customers on the Profile Park campus additional runway for growth in the Irish Market, which is currently battling a number of capacity constraints.
"We are pleased to support our customers' growth with the expansion of our Profile Park campus," said Valerie Walsh (pictured), senior vice president of portfolio management, Digital Realty. "Our continued investment in Ireland demonstrates our confidence in the future growth prospects for the technology sector in the region. Our research shows that tech sector decision-makers share this optimism and expect the country will continue to flourish in the years to come."
The expansion of Profile Park brings Digital Realty’s total investment in Ireland to over $223 million (€200 million) in line with the company’s commitment to the country and belief in the long-term local demand.
The facility is located 30 minutes from Dublin’s city centre and offers significant product flexibility with next-gen power, cooling, connectivity, security and system redundancy.
According to research conducted by Censuswide on behalf of Digital Realty, nearly half (47%) of Irish IT decision-makers are optimistic about the growth of the tech sector in Ireland. The survey of 250 senior Irish IT decision-makers revealed the areas they expect to have the biggest impact over the next five years include Brexit (56%), GDPR (36%) and the rollout of 5G (23%).
In addition, it found that IT decision-makers anticpate barriers to market growth, however, including bonus taxation (40%), shortage of affordable housing (36%), and a lack of available funding for tech start-ups (32%). Nearly half (46%) of Irish IT decision-makers surveyed see Ireland as a safe harbour for data, with Ireland quickly becoming a leading digital hub for Europe due to its skilled workforce (38%), competitive corporate tax regime (37%) and GDPR (30%).
