Ireland Data Center Rack - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2030

Ireland Data Center Rack - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2030

The Irish data center rack market reached a volume of 210,000 in the previous year, and it is further projected to register a CAGR of 11.8% during the forecast period. The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country.

Key Highlights

• Under Construction IT Load Capacity: The upcoming IT load capacity of the Ireland data center market is expected to reach more than 1,400 MW by 2029.
• Under Construction Raised Floor Space: The country's construction of raised floor area is expected to increase above 18.2 million sq. ft by 2029.
• Planned Racks: The country's total number of racks to be installed is expected to reach above 4,12,000 units by 2029. Frankfurt is expected to house the maximum number of racks by 2029.
• Planned Submarine Cables: There are close to 16 submarine cable systems connecting Ireland, and many are under construction. In May 2023, according to Irish government sources, Ireland will likely join a new NATO initiative to monitor and protect submarine cables that pass through Irish waters from potential Russian sabotage.

Ireland Data Center Rack Market Trends

IT & Telecommunication sector accounted for majority market share in 2022.

• The Irish market has been driven by increasing cloud adoption in large enterprises due to technological advances. The 10% increase in cloud usage in Ireland's public sector could result in an annual economic impact of EUR 473 million (USD 514.32 million). On the investment front, AWS announced plans to invest in a new campus in Charlemont Square to house its cloud computing workforce, which was due to open in September 2022.
• The country's urban population grew steadily over the years, rising from 62.95% in 2019 to 63.91% in 2021, with over 65% of the population aged between 15 and 64. This has increased the inclusion of technology among people. As a result, proximity to cloud service providers (CSPs) has become a key factor when businesses choose data centers in the local market. As a result, Dublin has evolved into a cloud computing hub hosting major cloud providers such as Microsoft, Google, Amazon Web Services, and IBM.
• Along with the increase in data volume, domestic SMEs' use of cloud computing has also increased significantly. Rising demand from healthcare, logistics, e-commerce, and manufacturing sectors has led several cloud and colocation service providers to expand their presence in the country.
• Ireland's ICT market is open and competitive, with many international suppliers offering new and innovative digital products and services. The US's leading digital service providers have a solid competitive position in the market. Irish distributors, system integrators, and value-added resellers constantly strive to identify and source the latest and most innovative digital products and services. Opportunities exist for US multinationals and small businesses that provide innovative, cutting-edge digital solutions.

Full Rack is the fastest growing segment in 2023.

• In Ireland, due to the increasing shortage of space in various companies, full shelving has taken a large part of the market share in France. The demand for complete rack data center infrastructure is increasing to cope with the increasing rack size due to the rapid growth of mobile broadband networks due to the increase in big data analytics combined with cloud computing.
• Ireland has experienced a substantial increase in e-commerce activity, with recent estimates indicating a 30 to 40% rise in online spending. Market value estimates range from EUR 4 billion (USD 4.35 billion) to EUR 7 billion (USD 7.61 billion). High smartphone usage (90%) and household internet connections (92%) are driving Irish online retailing. As consumers become more willing to purchase products using their mobile phones, mobile commerce is experiencing significant growth. In recent years, there have been notable increases in consumer online activity for Irish food shops, technology product and service vendors, travel, lodging, event tickets, and clothing.
• Further, with large amounts of data generated every day, businesses rely on data centers to efficiently manage data and storage. Therefore, the increasing use of full-rack data centers is the most important factor affecting data center rack consumption. Increasing demand for technology services and investments by large companies are also changing the market growth.
• Smartphones hold a major share of internet usage in Ireland. The majority of internet users use a smartphone or mobile phone to go online, while 75% use a laptop, 52% use a tablet, and just 29% use a desktop computer. Overall, there is a decreasing trend for desktop computer usage. On average, the time spent on smartphones per day is 3 hours and 5 minutes, which is expected to increase during the forecast period.

Ireland Data Center Rack Industry Overview

The Irish Data Center Rack Market is moderately competitive and has gained a competitive edge in recent years. In terms of market share, a few major players, such as Black Box Corporation, Eaton Corporation, Hewlett Packard Enterprise (HPE), Rittal GMBH & Co.KG, and Schneider Electric SE, currently dominate the market. These major players with a prominent market share focus on expanding their customer base across foreign countries.

In October 2022, Eaton Corporation announced the launch of an Open Rack v3 (ORV3) compatible solution by the Open Compute Project (OCP). It was purpose-built and pre-configured, focused on providing critical power in an efficient and scalable manner for data centers wishing to deploy ORV3 racks.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support