India Data Center Market is Expected to Register a Steady CAGR during the Forecast Period, 2025-2029
Growing data
consumption has spurred the need to store and process data efficiently, which
is expected to drive the India Data Center Market
According to
TechSci Research report India Data Center Market - By Region, Competition,
Forecast & Opportunities, 2019-2029F”, the India Data Center Market is
expected to register robust growth during the forecast period 2025-2029, data
protection is a worldwide concern, and it is quickly becoming a priority for
the India government. The growing data consumption which has spurred the need
to store and process data efficiently along with rising government investment
to provide the physical data center space, are the primary reasons that are
expected to dramatically increase demand for data centers in India. The Indian
IT ministry intends to provide incentives for data centres under a national
policy framework valued up to USD 1.832 Billion. A draught of the policy states
that over the next five years, the government plans to invest up to USD 36
billion on the ecosystem of data centres. On announcing the Budget 2022–23, the
finance minister gave the data centre sector infrastructure status. This will
expedite the growth of data centers in India during the forecast period.
Moreover, the
increase in smartphone users and an increase in the need for data and high
bandwidth capacity is driving the India data center market. India's data center
industry is expanding rapidly in the age of digitization. The nation is ideally
positioned to serve as a hub for data centers specializing in cloud computing
technologies including artificial intelligence, machine learning, and advanced
analytical techniques. Furthermore, rising usage of big data solutions, IoT,
and cloud-based solutions, among other things, is expected to drive market
expansion through 2028. Measures taken by the government, such as the
classification of data centers as infrastructure assets, Digital India projects
etc. are likely to generate attractive prospects for market growth through
2028.
The India data
center market is divided into solution, type, end user industry, and
geographical segments. Based on the solution, the market is divided into IT
Infrastructure, general infrastructure, electrical infrastructure, mechanical
infrastructure, and other. The IT Infrastructure has showcased lucrative market
growth in 2022 because of rising demand for digital infrastructure projects in
industries such as banking/fintech, telecommunications, energy, smart
agriculture, and government. Moreover, according to the Telecom Regulatory
Authority of India (TRAI), “The Indian Telecom Services Performance Indicators”
reports there were 336.60 million and 497.69 million internet subscribers in
India’s rural and urban areas, respectively. Moreover, as per International
Data Corporation (IDC), there is increased interest and demand for cloud
services among the public and private sector enterprises as India is one of the
largest data markets. IT technical training and IT consulting, management,
software/enterprise applications (ERP and CRM systems, finance, and accounting
software), data centers and data storage, and online services are all
opportunities for service providers.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "India Data Center Market”
Owing to their
proximity to end customers, Mumbai, Delhi-NCR, Bengaluru, and Chennai in India
are the chosen places for data center development. The data localization
requirement under India's Law on Cybersecurity, which requires both local and
foreign companies collecting, analyzing, and processing personal data, data
about relationships of users, or data generated by users in India, Data
localization was never a mandate in India, therefore cross-border data flow is
important for foreign businesses conducting business in India. The key
justifications for having a data center in India are the needed facility that
houses IT infrastructure for building, running, and delivering applications and
services a were the primary drivers of the expansion in the India data center
industry. To catch up with other nations in the data center business, India
must, however, undertake a number of reforms, most notably by creating clear
rules to oversee and advance this industry, to enhance the India Data
Center market.
India Data
Center Market is divided based on solution, type, and end user industry. Based
on solution, the market is further bifurcated into IT infrastructure, general
infrastructure, electrical infrastructure, mechanical infrastructure, and
other. Based on type, the market is further bifurcated into corporate and web
hosting. Based on end user industry, the market is further segmented into
information technology & telecom, government, BFSI and healthcare and
others.
Key market
players in the India Data Center Market include:
- CtrlS Datacenters Ltd
- Nxtra Data Limited
- STT GDC India Private Limited
- Netmagic IT Services Private
Limited
- ESDS Software Solution Pvt. Ltd.
- Sify Technologies Limited
- Tata Communications Limited
- GPX India Pvt Ltd
- Web Werks India Pvt. Ltd.
- NxtGen Data Center and Cloud
Services Private Limited.
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“Mumbai, being
the largest residing populated region holds the largest market share of data
centers at 49%, benefiting from the presence of a landing station and submarine
cable connectivity in the India data center market. Delhi-NCR region ranks the
second with around 17% of the total data center capacity, followed by
Bengaluru. The introduction of 5G networks and cloud services will strengthen
the region's digital economy and increase demand for high-bandwidth networking
infrastructure. For instance, in February 2023, Bank of Maharashtra (BOM)
announced the launch of its own private cloud platform as part of its
high-performance cloud capabilities for digital infrastructure and hosting
applications of the bank in India. In addition, the huge volume of internet
traffic and the presence of several cloud services providers are further
driving the market growth. Owing to investments from colocation providers along
with data centers are constructions in major cities such as Mumbai and Chennai
by significant corporations like Amazon Web Services, Adani Group, Oracle,
Reliance Industries alliance with Microsoft Corporation , Yotta Infrastructure,
and Blackstone's Lumina CloudInfra. Moreover, the implementation of the
cybersecurity-related data localization law, which requires operators to build
local data centers in India, has been a key element in the growth of the India
data center market,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
India Data
Center Market by Solution (IT Infrastructure, General Infrastructure,
Electrical Infrastructure, Mechanical Infrastructure and Other), By Type
(Corporate and Web Hosting), By End User Industry (Information Technology &
Telecom, Government, BFSI, Healthcare and Others), By Region, Competition,
Forecast & Opportunities, 2028F has
evaluated the future growth potential of India Data Center Market and provides
statistics & information on market size, structure, and future market
growth. The report's goal is to give current market knowledge and assist
decision makers in making informed investment decisions. Furthermore, the study
identifies and analyses emerging trends, as well as key drivers, challenges,
and opportunities in the India Data Center Market.
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