C’est Magnifique! The Paris Data Center and Colocation Market Is Thriving
Given a growing population of approximately 2.3 million inhabitants, with surrounding suburbs that are home to around 10.5 million, Paris, the most populous urban area in the European Union, offers enough opportunity to keep its multi-tenant data center and hosting markets growing. A large number of multinational corporations are headquartered in the city, among these, 29 of the Fortune 500, including Sanofi, BNP Paribas and Orange. Paris is home to many other healthcare, financial services, and telecommunications companies, as well as some of the world’s most recognized luxury retail brands, pushing greater and greater demand for colocation, hosting and cloud services to meet French business requirements. Indeed, Paris is the third-largest multi-tenant data center and fourth-largest hosting market in Europe.
While some Paris-based companies seek to lower costs through renewable energy as well as cheaper land prices that would necessitate a move away from the highly competitive city center, many businesses find a presence there is still required for connectivity into Paris’ major carrier hotels. So much so that Paris dominates as France’s data center hub, accounting for over 70 percent of the country’s total data center footprint. Click here for more details.
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