Digital Realty (DLR) deploys AWS 100G at Seattle, Dublin facility
Digital real estate DLR recently announced the availability of 100 Gbps Amazon Web Services (AWS) Direct Connect connections on PlatformDIGITALÂ® in Seattle and Dublin. For AWS customers, low latency, high availability connections to mission-critical data centers open up opportunities for growth and address data severity issues.
According to management, “The opening of AWS Direct Connect’s 100 Gbps ramps dramatically expands the opportunities for customers to scale their digital transformation through our global PlatformDIGITALÂ®.”
The latest deployment of AWS capabilities took place at the company’s Westin Building Exchange in Seattle and at its Interxion Dublin campus in Ireland. The move is a strategic adjustment, and the Westin Building Exchange serves as the primary interconnecting hub for the Pacific Northwest, connecting Canada, Alaska and Asia along the Pacific Rim. This densely interconnected facility in North America is home to leading global providers of cloud, content and interconnection.
In addition, Interxion Dublin is a prime location for the new AWS Direct Connect 100 Gbps. Ireland is a major global trade hub and serves as the headquarters for many global multinationals in the software, finance and life sciences industries. In addition, several transatlantic cables land in Ireland before continuing to the UK or mainland Europe.
Notably, the company is building its global data center platform – PlatformDIGITALÂ® – to take advantage of favorable trends as industries accelerate digital transformations on a global scale. Recently, the company also announced new data centers in downtown Toronto, Canada and Marseille, France, with the aim of strengthening its presence across the world.
Notably, data center REITs are experiencing a boom in the market, with growth in cloud computing, IoT, and big data, and an increasing number of companies switching to third-party IT infrastructure. Growth rates in the AI, autonomous vehicle, and virtual / augmented reality markets are expected to remain robust over the next five to six years. Additionally, data centers are poised to benefit from the growing reliance on technology in the wake of the coronavirus pandemic.
Demand is strong in the leading data center markets and despite a high occupancy rate, these markets are absorbing new construction at a faster rate. These are expected to fuel the demand for data centers. Thus, data center REITs like Digital Realty, Equinix, Inc. EQIX, CyrusOne Inc. CONE and CoreSite Realty Corporation COR are likely to continue to experience significant demand.
Building on such factors and supported by a healthy balance sheet, Digital Realty is expanding its portfolio on accretive acquisition and development efforts, increasing the company’s presence outside of the United States. However, aggressive pricing pressure is expected to prevail over the coming period in the competitive landscape.
Digital Realty currently carries a Zacks Rank # 3 (Hold). Over the past three months, the company’s shares have gained 17.8%, outperforming the industry rally by 17.2%. You can see The full list of today’s Zacks # 1 Rank (Fort Buy) stocks here.
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