Ireland’s cloud boom: Market on track to surpass €500m in annual revenues

Originally posted to Silicon Republic by John Kennedy,

As Equinix reveals its considerable investment figures for Ireland, IDC research predicts impressive cloud growth.

Global data centre player Equinix said today that investment in its Irish data centres since it acquired TelecityGroup last year has surpassed €18.5m.

Overall, the market is growing 22pc a year and is on track to surpass €500m in revenues.

This corresponds with a flurry of investment by global data centre giants, but it also raises concerns about electricity grid infrastructure and the ongoing impasse regarding the long-overdue North-South interconnector project.

As well as the Equinix expansion, Apple is building an €850m data centre campus in Athenry, Galway; Facebook is creating a €200m data centre in Clonee, Co Meath; and Amazon is establishing a €1bn data centre campus in Mulhuddart, Co Dublin.

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