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London is one of Europe’s fastest growing data centre markets

December 11th, 2013 Backbone Connect, Blog, London Data Centres

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City of London.

London has for a while now been amongst the most sought after data centre locations in the country. And a recent report suggests that London is now amongst the fastest growing data centre markets in Europe.

Data centre space in London has undergone something of a boom in recent years, with some speculating that the capital’s available space for new data centres is running out and that we’ll soon have to look outside the M25 for new facilities.

However, the pace of colocation in London doesn’t appear to slowing down any, with recent projects like the one to increase capacity with the building of a new 12MVA substation at London’s Perivale Data Centre. And London will also be home to a brand new facility with the announcement of the new Gateway Data Centre which is due to go into construction soon in West Thurrock.

It’s no wonder then, that London is currently leading the race in the colocation market and proving to be amongst the fastest growing in Europe. Recent research from global property advisor CBRE suggests that the London colocation market is increasing to grow at a rate faster than both home grown and other European competitors. Total transacted data space across the capital for 2013 currently stands at 8,795 sq m. Colocation providers account for 70% of that figure.

One factor that has led to this increase is the growing popularity of cloud-based IT solutions. Colocation firms are seeing the benefit of this, as cloud providers require increased capacity and so extend their data centre services. Growth throughout Europe has also continued, with 8,090 sq m of data space transacted across London, Frankfurt, Amsterdam, Paris and Madrid in the third quarter (Q3) of 2013. A figure that is 51% higher than Q3 for 2012.

With many centres to choose from London is a premier location for data centre space. And while it’s true that there are benefits for colocating outside of the capital, there are clear reasons for choosing a London facility:

1.    Convenient location

Being in the city provides good proximity to the financial centre and many other key business destinations. And if your company is based in London, using a local facility means travelling to the centre to carry out maintenance on your equipment will be much easier.

2.    Faster connectivity

All of the major Tier 1 internet service providers run to London before the rest of the country and out to the US or Europe. So if latency of web services is important to your business, a London-based facility can offer better levels of connectivity.

3.    Good service options

London is home to a large number of carrier neutral facilities, which offer services from many different providers – including BT Openreach, Level 3 and Virgin Media Business among others. The freedom to choose your provider can mean more flexible terms of service and potential cost savings.

Are you looking for data centre space in London? If so, it pays to speak with an independent adviser who knows the landscape and can offer impartial advice on the best type of facility for your needs.

Do you use a data centre in London? What do you think are the greatest benefits of being in the capital? Leave a comment and let us know.

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