Israel Data Center Market Size by Investment to Reach USD 795 Million by 2026 - Arizton

CHICAGO, Dec. 1, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this Israel data center market report.

Israel data center market size is expected to grow at a CAGR of over 17% during the period 2020−2026. Israel data center market research report includes market size in terms of area, investment, power capacity, and colocation revenues. Get insights on 16 existing data centers and 7 upcoming facilities spread across 8 cities including Petah Tikva, Tel Aviv, and other cities.

Key Highlights Offered in the Report:  

1.  With an increasing number of companies moving from on-premises to cloud and colocation data centers, growth in cloud adoption, government initiatives such as the Nimbus Project, and increased connectivity with other countries, the Israel data center market is set to grow significantly in the next few years.

2.  Major data center service providers in Israel include EdgeConneX (Global Data Center), Adgar, Bynet Data Communications, Bezeq International, and MedOne. Compass Data Centers, SDS, Serverfarm, Adgar, MedOne, Global Technical Realty (GTR), and Bynet Data Communications are investing in data centers expected to be operational between 2021 and 2024.

3.  Tel Aviv is a major location chosen to develop data center facilities, owing to its strategic location as a major submarine cable landing station in the country. Other prominent locations include Petah Tikva, Raanana, and Modiin, among others.

4.  The Israeli government has initiated The Nimbus Project, a multi-year project to address the creation of a channel for the provision of cloud services for the government, which will have a strong impact on the colocation market during the forecast period. Cloud providers AWS and Google have won the tender under the project.

5.  Several acquisitions have also turned Israel into a dynamic market. In August 2021, EdgeConnex acquired Global Data Center (GDC), an Israel-based data center operator to expand its foothold in Israel. Azrieli Group, an Israel real estate firm is expanding its global presence by acquiring Green Mountain, a Norwegian data center company.

6.  Israel is currently generating around 8% of its power needs from solar power and aims to generate around 20% of its renewable energy from solar power by 2025 and 30% in 2030.