Experts tip Republic of Ireland data centres for huge growth
The vast majority of debt and equity investors expect funding into European data centres to increase over the next two years, according to research from law firm DLA Piper.
Data centres are used by business for the remote storage, processing and distribution of large amounts of information.
They are estimated to use 3% to 4% of the world's power, according to a report from Savills.
Of the eight countries examined, Ireland was among the top three expected to experience the biggest growth in investment.
There are currently 54 data centres in the Republic, with 642 megawatts of grid-connected power capacity.
Last month it was reported that EngineNode, an Irish data centre company, has applied for planning permission to build a huge data storage campus near Bracetown in Co Meath.
It is believed to involve an investment worth "hundreds of millions of euro".
The company, established last year, was set up by Jason O'Conaill, Eir's former head of data centres and founder of Amazon Web Services Usergroup Ireland, and Ronan Kneafsey, a former managing director of telecoms and data centres at Eir.