IBM is planning to triple its data center capacity in the U.K., the technology firm said on Tuesday, following the likes of Facebook and Google to commit investment to the country following the Brexit vote, as it looks to boost its challenge to rivals Amazon and Microsoft.
It marks IBM Cloud's largest commitment to one country at a single point in time though the company did not disclose the size of the investment. IBM is set to open four new data centers in Britain, which will bring its total to six. The first facility will open at the end of December with the other three going live in 2017.
Sebastian Krause, general manager for IBM Cloud in Europe, said that the U.K. is an "attractive market" to invest despite the country's decision to leave the European Union (EU).
"The growth rates for cloud in the U.K. should be around 25 percent … up to 2020, so it is a significant opportunity, specifically if you consider the European cloud market is about $100 billion in size … and the U.K. is approximately a third of that," Krause told CNBC in a TV interview on Tuesday.