According to TechSci Research report India Data Center Market - By Region, Competition, Forecast & Opportunities, 2019-2029F”, The India Data Center Market is poised for robust growth from 2025 to 2029, driven by escalating concerns worldwide over data protection, which is now a focal point for the Indian government. The surge in data consumption, necessitating efficient storage and processing capabilities, coupled with increased governmental investments in physical data center infrastructure, are key factors expected to significantly bolster demand for data centers in India. Under a national policy framework valued at USD 1.832 billion, the Indian IT ministry plans to incentivize data centers, with an additional USD 36 billion earmarked for the data center ecosystem over the next five years, as announced in the Budget 2022–23, where the finance minister granted infrastructure status to the data center sector, accelerating its growth trajectory.
Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=8070
Furthermore, the proliferation of smartphone users and the escalating demand for data and high bandwidth capacity are pivotal drivers propelling the India data center market forward. Amidst the digital age, India is strategically positioned to emerge as a pivotal hub for data centers specializing in cloud computing technologies, including artificial intelligence, machine learning, and advanced analytics. The increasing adoption of big data solutions, IoT, and cloud-based services is anticipated to fuel market expansion through 2028. Government initiatives such as classifying data centers as infrastructure assets and the Digital India projects are expected to create lucrative growth opportunities through 2028.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the "India Data Center Market”
The India data center market is segmented based on solution, type, end-user industry, and geographical segments. The solution segment includes IT Infrastructure, general infrastructure, electrical infrastructure, mechanical infrastructure, and others. IT Infrastructure particularly witnessed robust growth in 2022, driven by increasing demand from digital infrastructure projects in sectors such as banking/fintech, telecommunications, energy, smart agriculture, and government. According to the Telecom Regulatory Authority of India (TRAI), internet subscribers in India's rural and urban areas continue to grow significantly, underscoring the expanding digital landscape. Moreover, the International Data Corporation (IDC) reports heightened interest and demand for cloud services among both public and private enterprises, as India emerges as one of the largest data markets globally.
Key locations such as Mumbai, Delhi-NCR, Bengaluru, and Chennai are preferred for data center development due to their proximity to end-customers. India's Cybersecurity Law mandates data localization, impacting both local and foreign firms handling personal data generated within India, thereby underscoring the significance of local data centers. To compete globally in the data center industry, India must enact regulatory reforms to govern and advance this sector effectively, thereby enhancing the India Data Center Market.
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.
Customers can also request for 10% free customization on this report.
“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.
Explore in-depth insights and future market outlook. Download Now
Contact
Techsci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +13322586602
Email: sales@techsciresearch.com
Web: https://www.techsciresearch.com/
Comments