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Data Center News > Blog > Investments > Growth Seen for UK Data Center Industry
Investments

Growth Seen for UK Data Center Industry

Last updated: June 1, 2024 9:49 pm
Published June 1, 2024
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Will UK knowledge heart operators enhance their funding in new knowledge heart building in 2009? That is what they mentioned on the DatacenterDynamicsLondon:08 occasion Nov. 11-12.

Based on analysis knowledge compiled on the occasion, funding in new knowledge heart funding by UK corporations will attain £850 million for 2008-09 ($1.28 billion), a rise of £50 million ($74 million) on the earlier yr. Funding in retrofitting of information facilities is estimated to be £400 million ($600 million) in the identical interval.

The optimism about new building within the UK is a departure from present expertise within the US, the place even veteran knowledge heart builders face main challenges elevating funds for brand new building. The deal with new building moderately than retrofits, which are typically much more reasonably priced, additionally runs counter to current developments within the US.

This discovering could also be defined by the inner developments in London, the dominant UK knowledge heart market, the place energy shortages and area constraints have been main challenges. Virtually one third of the survey respondents mentioned they have been contemplating transferring their knowledge heart out of a metropolis location.  

The pattern of over 400 senior knowledge heart operators taken at DatacenterDynamicsLondon:08 discovered that UK knowledge heart operators have round 125,000 racks and round 8 million sq. toes of information heart area.

“The responses of a singular pattern of senior knowledge heart professionals who attended DatacenterDynamicsLondon:08 show that even in unsure financial instances, funding in knowledge facilities is secure and in some sectors continues to be rising,” mentioned Dan Scarbrough, CEO of DatacenterDynamics Ltd. “It’s clear that proprietor/operators need to maximize the returns on their funding however the responses present that continued knowledge heart funding underpins enterprise efficiency.”

See also  Rx Save Card Raises $1.7M in Pre-Seed Funding

Greater than 1,200 delegates attended the 2 day occasion, held Nov. 11-12 on the Royal Lancaster Resort in London.

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TAGGED: Center, data, Growth, Industry
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