For companies, startups, or organizations that struggle to maintain their own IT infrastructure, Data Centres mean cost savings and scalability. They are also an answer to these challenging times, freeing managers from the pressures of space and power limitations.
It’s great news then that Portugal is well-positioned to become one of the major data centre hubs in Europe, according to a recent report by Savills.
As cloud services increase and the Internet of Things (IoT) becomes a new standard for productive companies, as augmented reality becomes the future of online shopping and the 5G network spreads all around us, data centres will have to become stronger, more energy-efficient and readily available.
Global annual growth of 4.5% by 2026
This new market is expected to grow at an annual rate of 4.5%, the report states. And Portugal benefits from a central location between Europe and North America, good connectivity, access to energy, and an overall safe investment environment.
So far, Portugal accumulates four projects in development (in Carregado, Guimarães, Leixões, and Viana do Castelo), but Sines is where we find the largest of these investments. Led by Star Campus, this is a project of 3.500 million euros to put together a facility with 450 megawatts capacity and energy from renewable sources.
Your solution to live and invest in Portugal
As a new hub for edge computing in southern Europe, Portugal is gathering the interest of international investors and operators. Both Lisbon and Porto are emerging as top-skilled tech hubs and major projects are underway to meet the target of carbon neutrality.
Do you want to be a part of this transition? Feel free to contact us in order to get the support you’ll need!