Data Center Luxembourg
The report analyses activity and growth in third party space and power in Luxembourg and surveys data center providers who collectively hold slightly more than 2% of the EU-18 market.
Nevertheless, the landlocked country has successfully positioned itself as a high specification stronghold – with several Tier IV facilities – for data intensive enterprises demanding high levels of security and reliability.
Research for the report, Data Centers Luxembourg, suggests that the Grand Duchy, centrally located in Europe, has sought to position itself with financial services firms, healthcare and several new verticals who demand a high data security play and with the availability of seven Tier IV data centers is able to provide a unique offering.
Luxembourg’s status as a European trading and digital hub is based on its unique and favourable business climate with low tax rates – the second lowest across Europe.
Key players are profiled with forecasts on space and power – Luxembourg being one of the most power intensive in terms of its facilities – with particularly high levels available, some of which are entirely based on renewable energy.
Successful in past years in attracting middle eastern and Russian customers, it needs now to secure new international customers, given the low level of domestic demand. The report suggests it is entering a new period of competition, where it will vie with Ireland, Nordic countries and Switzerland for new business customers.
BroadGroup foresees Luxembourg positioned to benefit from the emergence of FinTech, providers of new payment methodologies and other verticals in the next few years.
The new report is one of a series covering different markets in Europe.
This report is available here.