US data centre firm Digital Realty has announced the opening of its second data centre on its Profile Park in the Grange Castle campus in Dublin - its fifth in Ireland.
The company said the new five-megawatt expansion provides new and existing customers additional capacity for growth in the Irish market.
Digital Realty also said its Clonshaugh facilities will see further development later this year as part of the company's continued growth in the region.
It also said the investment demonstrates the company's confidence in the Irish market, adding that research found that 47% of Irish IT decision makers feel optimistic about the growth of the tech sector in Ireland.
The new research, conducted among 250 senior Irish IT decision makers, shows that 56% of them believe Brexit will have the biggest impact on the sector in Ireland, followed by GDPR (36%) and 5G roll out (23%).
However, IT decision makers also predicted barriers to growth, including tax on bonuses (40%), housing shortage (36%) and a lack of funding for tech start-ups (32%).
"Our new investment in Profile Park and ongoing investment in Ireland highlights our confidence that the technology sector in the region will continue to grow, said Val Walsh, Senior Vice President of Portfolio at Digital Realty.
"Our research shows that decision makers in the sector share this optimism and expect the market to flourish in the coming decade," she added.