Israel Data Center Market Investment Analysis Report 2022-2027 - Opportunities in IT, Electrical, Mechanical Infrastructure, General Construction, and Tier Standards
DUBLIN, Jan. 20, 2023 /PRNewswire/ -- The "Israel Data Center Market - Investment Analysis & Growth Opportunities 2022-2027" report has been added to ResearchAndMarkets.com's offering.
Israel's data center market is expected to grow at a CAGR of 10.92% during 2021-2027
This report analyses the Israel data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments.
Israel is one of the significant technological hubs in the Middle East, with many IT firms and the presence of global cloud service providers in the country. The government has been working on the growth of cloud platforms with projects such as the Nimbus cloud project that provides cloud services for the government in Israel.
Under the Nimbus project, in April 2021, Google & AWS won tenders for cloud services in the region. Regarding submarine cable connectivity, the country has around three operational submarine cables, followed by one upcoming submarine cable, Blue, that will be ready for service in 2024. The cable is owned by Google, Omantel, and Telecom Italia Sparkle. It will connect Israel, Cyprus, France, Greece, Italy, and Jordan.
Global cloud service providers enter the Israel data center market to establish their cloud regions. For instance, in June 2021, Amazon Web Services (AWS) announced that it would launch a facility in Tel Aviv, Israel, expected to be operational by H1 2023. The region will have three availability zones.
The country is showing growth in opportunities for the market with the adoption of high computing power technologies such as big data & IoT. For instance, in April 2022, IQVIA, global analytics, technology, and research service provider, announced the opening of its IQVIA innovation hub in Tel Aviv, which will cater to life science industry start-ups with its solutions such as big data, transformative technology, and others.
Adoption of cloud-based services, 5G network service deployment, renewable energy procurement, and advanced technologies such as big data and IoT are some major factors driving the Israel data center market.
The increasing prices of coal are further expected to grow the country's need for adopting renewable energy sources. Israel Government aimed to produce around 25% of its energy from renewable energy sources by 2025, including the cumulative installed solar photovoltaic capacity of around 9.8 GW.
The commercial & industrial deployment of 5G services in the country is enhancing the growth opportunity for deploying edge centers. For instance, in July 2022, OneLayer, an enterprise-grade security provider for private LTE/5G services, announced the deployment of a private 5G cellular network in around two hospitals in the country.
The government of Israel has also invested in several 5G projects across the nation. For instance, In August 2021, Israel's Ministry of Communications and the Israel Innovation Authority selected RAD, a global telecom access solution vendor, to develop the smart traffic pilot project to promote the use of 5G.
In Israel, the industrial electricity pricing for data centers built in industrial zones is around $0.10 per kWh. However, several factors are expected to increase the country's electricity cost. For instance, in July 2022, the Electricity Authority of Israel announced plans to increase the cost of electricity by around 10% in the country, led by the increase in global coal prices that have grown over 100% in the past year, led by dynamic changes in foreign currencies.
WHY SHOULD YOU BUY THIS RESEARCH?
IT Infrastructure Providers
Data Center Construction Contractors & Sub Contractors
Support Infrastructure Providers
Data Center Investors
EXISTING VS. UPCOMING DATA CENTERS
The segmentation includes:
For more information about this report visit https://www.researchandmarkets.com/r/aukj0s
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
View original content:https://www.prnewswire.com/news-releases/israel-data-center-market-investment-analysis-report-2022-2027---opportunities-in-it-electrical-mechanical-infrastructure-general-construction-and-tier-standards-301726606.html
SOURCE Research and Markets
Continental Breakfast - For Diamond, Platinum, Super Pass, Exhibitor/Conference, Speaker, Press Pass Holders
Why Threat Actors Know Your Networks Better Than You Do!