U.K. Data Center Colocation Business Growing
Grazed from InformationWeek. Author: Sue Tabbitt.
As more companies move to the cloud to expand their IT capabilities, the effect on storage requirements has been vast, causing companies to increasingly call on external data center services, including colocation options. U.K. Trade & Investment claims that the annual market value of the U.K.’s cloud computing market will grow from £2.4 billion to £6.1 billion by 2014 (equivalent to $9.8 billion), and that by 2015 half of all new IT spending by the public sector will be on public cloud services. This in turn is putting pressure on storage capacity.
In response, the U.K. data center market — the largest in Western Europe — is currently investing in its facilities at a rate of around $3 billion a year, according to various analyst estimates, with only the U.S. investing more. Market watcher DatacenterDynamics has calculated that, at the last count, the U.K. boasted more than 7.6 million square meters (nearly 25 million square feet) of data center space…

