Market Size of ireland data center Industry
|
Study Period | 2017 - 2029 |
|
Market Volume (2024) | 0.77 Thousand MW |
|
|
Market Volume (2029) | 1.48 Thousand MW |
|
Largest Share by Tier Type | Tier 3 |
|
|
CAGR (2024 - 2029) | 13.86 % |
|
|
Fastest Growing by Tier Type | Tier 4 |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
Ireland Data Center Market Analysis
The Ireland Data Center Market size is estimated at 0.77 thousand MW in 2024, and is expected to reach 1.48 thousand MW by 2029, growing at a CAGR of 13.86%. Further, the market is expected to generate colocation revenue of USD 2,959.9 Million in 2024 and is projected to reach USD 7,125.6 Million by 2029, growing at a CAGR of 19.21% during the forecast period (2024-2029).
USD 2,959.92 Million
Market Size in 2024
USD 7,125.6 Million
Market Size in 2029
46.4%
CAGR (2017-2023)
19.2%
CAGR (2024-2029)
IT Load Capacity
771 MW
Value, IT Load Capacity, 2024
The adoption of digital connectivity is catering to the need for more data storage, resulting in more servers in data centers. The number of users in the Video Streaming (SVoD) segment is expected to reach 2.2 million by 2027.
Total Raised Floor Space
Sq. Ft. 4.92 M
Volume, Raised Floor Space, 2024
The country's total raised floor area is expected to reach 8.2 million sq. ft by 2029. Ireland has been driven by increasing cloud usage across major enterprises as a result of advancements in technology drives the market demand.
Installed Racks
246,004
Volume, Installed Racks, 2024
The country's total number of installed racks is expected to reach 412,120 units by 2029. Dublin is expected to house the maximum number of racks by 2029.
# of DC Operators & DC Facilities
14 and 31
Volume, DC Facilities, 2024
Due to the evolving digital trends, data center companies in Ireland are seeing huge potential. The government announced its latest enterprise strategy, which includes having 90% of Irish SMEs at basic digital intensity by 2030.
Leading Market Player
11.9%
Market Share, CyrusOne Inc., 2023
In 2023, CyrusOne Inc. held a market share of 11.9%. The company provides direct connection via its 100% end-to-end core redundant Metro IX and National IX networks straight to Cloud Service Providers.
Tier 3 data center accounted for majority share in terms of volume in 2023, and is expected to dominate through out the forecasted period
- Tier 3 data centers are the most preferred in Ireland and registered at an IT load capacity of 164.61 MW in 2022. The capacity is expected to grow from 447.25 MW in 2023 to 1,080.85 MW in 2029, registering a CAGR of 15.84%. A Tier 3 data center has redundant and dual-powered servers, storage, network links, and other IT components. SMEs generally prefer using at least a Tier 3-rated system. SMEs are a vital component of the Irish economy, comprising 99.8% of active enterprises and 67.5% of all persons employed. End users such as BFSI and media and entertainment focus on hyperscale facility colocation. As of 2022, there were around 25 Tier 3 data centers in the country, and around 11 upcoming data centers are under construction with Tier 3 specifications.
- Tier 4 data centers are the second most preferred data centers, mainly by large enterprises, as they provide 99.99% uptime. Cost constraint is the major drawback leading to the low adoption of Tier 4 facilities. However, with data traffic generation, the upcoming facilities will have Tier 4 certification since this tier enables the site infrastructure to sustain unplanned failures that would otherwise adversely affect the critical load. Tier 4 facilities are expected to hold a market share of 22.4% by 2029, up from 2% in 2023 and 66 MW by value in 2022.
- Tier 1&2 data centers are the least preferred due to their expected uptime of 99.671% (28.8 hours of downtime annually). These data centers are commonly utilized by micro businesses that want a cost-effective solution for their data storage needs. However, due to lower functionality, even SMEs are focusing on adopting wholesale colocation services under Tier 3 facilities. Tier 1 &2 DCs are expected to showcase the least growth through the forecast period.
Ireland Data Center Industry Segmentation
Dublin are covered as segments by Hotspot. Large, Massive, Medium, Mega, Small are covered as segments by Data Center Size. Tier 1 and 2, Tier 3, Tier 4 are covered as segments by Tier Type. Non-Utilized, Utilized are covered as segments by Absorption.
- Tier 3 data centers are the most preferred in Ireland and registered at an IT load capacity of 164.61 MW in 2022. The capacity is expected to grow from 447.25 MW in 2023 to 1,080.85 MW in 2029, registering a CAGR of 15.84%. A Tier 3 data center has redundant and dual-powered servers, storage, network links, and other IT components. SMEs generally prefer using at least a Tier 3-rated system. SMEs are a vital component of the Irish economy, comprising 99.8% of active enterprises and 67.5% of all persons employed. End users such as BFSI and media and entertainment focus on hyperscale facility colocation. As of 2022, there were around 25 Tier 3 data centers in the country, and around 11 upcoming data centers are under construction with Tier 3 specifications.
- Tier 4 data centers are the second most preferred data centers, mainly by large enterprises, as they provide 99.99% uptime. Cost constraint is the major drawback leading to the low adoption of Tier 4 facilities. However, with data traffic generation, the upcoming facilities will have Tier 4 certification since this tier enables the site infrastructure to sustain unplanned failures that would otherwise adversely affect the critical load. Tier 4 facilities are expected to hold a market share of 22.4% by 2029, up from 2% in 2023 and 66 MW by value in 2022.
- Tier 1&2 data centers are the least preferred due to their expected uptime of 99.671% (28.8 hours of downtime annually). These data centers are commonly utilized by micro businesses that want a cost-effective solution for their data storage needs. However, due to lower functionality, even SMEs are focusing on adopting wholesale colocation services under Tier 3 facilities. Tier 1 &2 DCs are expected to showcase the least growth through the forecast period.
| Hotspot | |
| Dublin | |
| Rest of Ireland |
| Data Center Size | |
| Large | |
| Massive | |
| Medium | |
| Mega | |
| Small |
| Tier Type | |
| Tier 1 and 2 | |
| Tier 3 | |
| Tier 4 |
| Absorption | |||||||||||||||||
| Non-Utilized | |||||||||||||||||
|
Ireland Data Center Market Size Summary
The Ireland Data Center Market is experiencing significant growth, driven by the increasing demand for data storage and processing capabilities. The market is characterized by a preference for Tier 3 data centers, which offer robust infrastructure with redundant and dual-powered components, making them ideal for small and medium enterprises (SMEs) and sectors like BFSI and media. The rise in smartphone usage and internet penetration, particularly with the advent of 5G, has further fueled the demand for data centers, as these technologies generate substantial data requiring real-time processing and storage solutions. The market is also witnessing a shift towards Tier 4 data centers, which provide higher uptime and are favored by large enterprises, although their adoption is constrained by cost considerations. The expansion of fiber-optic connectivity and improvements in broadband speeds are expected to support the growth of data centers, enhancing their capacity to handle increasing data traffic.
The market landscape in Ireland is fragmented, with major players like BT Communications Limited, Digital Realty Trust Inc., EdgeConneX Inc., Equinix Inc., and K2 Strategic Pte Ltd holding significant shares. These companies are actively expanding their operations, with new constructions and developments underway to meet the growing demand. The focus on hyperscale facility colocation and the adoption of FTTx cables are indicative of the market's evolution, as these technologies offer improved performance and capacity. The ongoing investments in fiber-to-the-home networks and the strategic initiatives by key players are expected to bolster the data center market, positioning Ireland as a critical hub for data storage and processing in the region.
Ireland Data Center Market Size - Table of Contents
-
1. MARKET SEGMENTATION (INCLUDES MARKET SIZE IN VOLUME, FORECASTS UP TO 2029 AND ANALYSIS OF GROWTH PROSPECTS)
-
1.1 Hotspot
-
1.1.1 Dublin
-
1.1.2 Rest of Ireland
-
-
1.2 Data Center Size
-
1.2.1 Large
-
1.2.2 Massive
-
1.2.3 Medium
-
1.2.4 Mega
-
1.2.5 Small
-
-
1.3 Tier Type
-
1.3.1 Tier 1 and 2
-
1.3.2 Tier 3
-
1.3.3 Tier 4
-
-
1.4 Absorption
-
1.4.1 Non-Utilized
-
1.4.2 Utilized
-
1.4.2.1 By Colocation Type
-
1.4.2.1.1 Hyperscale
-
1.4.2.1.2 Retail
-
1.4.2.1.3 Wholesale
-
-
1.4.2.2 By End User
-
1.4.2.2.1 BFSI
-
1.4.2.2.2 Cloud
-
1.4.2.2.3 E-Commerce
-
1.4.2.2.4 Government
-
1.4.2.2.5 Manufacturing
-
1.4.2.2.6 Media & Entertainment
-
1.4.2.2.7 Telecom
-
1.4.2.2.8 Other End User
-
-
-
-
Ireland Data Center Market Size FAQs
What is the current Ireland Data Center Market size?
The Ireland Data Center Market is projected to register a CAGR of 13.86% during the forecast period (2024-2029).
Who are the key players in Ireland Data Center Market?
BT Communications Limited (BT Group PLC), Digital Realty Trust Inc., EdgeConneX Inc., Equinix Inc. and K2 Strategic Pte Ltd (Kuok Group) are the major companies operating in the Ireland Data Center Market.
