London is the capital of England, and is the driving force behind the thriving financial technology market of the United Kingdom. The capital city, which is home to nine million people, serves as the UK’s top market for data centers, service providers, and network fabrics.
London has a GDP of over US$700 billion, and is a major contributor to the UK tech boom that is expanding 2.6 times faster than the rest of the nation’s economy. With this significant contribution from the digital economy, London’s data center industry is also thriving.
As England’s capital and the UK’s largest city, London is dubbed Europe’s major financial services hub. Financial services have contributed as much as 6.5% to the UK’s GDP, of which about half is generated in London. Prominence of the fintech market in London has significantly contributed to the existence of the city’s comprehensive data center ecosystem.