India Data Center Market
India Data Center Market Size Booming at Significant CAGR of about 7.2% to Reach USD 7.66 Billion by 2030
Published | 13 June 2024
India Data Center Market is flourishing due to a spurring demand for data centers from various business verticals driven by further deepening of Digital India and the government’s supportive initiatives for digital transformation.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Data Center Market size by value at USD 4.37 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Data Center Market size to expand at a CAGR of 7.18% reaching a value of USD 7.66 billion by 2030. The Data Center Market in India is propelled by increasing internet penetration, growth in digital data traffic, rising public cloud services, and expanding internet of things (IoT). This persistent upward trend is fueled by the country's expanding digital infrastructure, driven by the increasing use of digital services and the need for data storage and processing capabilities. Additionally, proactive regulatory measures by the Indian government focusing on data localization, privacy, and security have further stimulated growth in the market. The influx of investment commitments, totaling approximately USD 35 billion between 2018 and 2023, from both global and domestic investors underscores the attractiveness of the Indian data center market. Moreover, with nearly 500 MW of data center capacity under construction across multiple cities in India, the data center segment is poised for continued accelerated growth during the forecast period.
Impact of Escalating Geopolitical Tensions on India Data Center Market
Geopolitical tensions can have a multifaceted impact on the India Data Center Market, potentially leading to increased uncertainty and risk for investors and operators. Heightened geopolitical tensions may disrupt international trade and investment flows, impacting the availability of critical infrastructure components and technologies essential for data center operations. Moreover, geopolitical instability can exacerbate regulatory challenges and introduce geopolitical risk factors that influence decision-making processes for market participants. To mitigate these impacts, stakeholders may need to enhance risk management strategies, diversify supply chains, and prioritize investments in robust, resilient infrastructure to safeguard the continuity and security of India's data center market amidst geopolitical uncertainties.
Sample Request @ https://www.blueweaveconsulting.com/report/india-data-center-market/report-sample
India Data Center Market
Segmental Coverage
India Data Center Market – By Tier Classification
Based on tier classification, the India Data Center Market is divided into Tier 1, Tier 2, Tier 3, and Tier 4 segments. The tier 4 segment is expected to hold the highest share in the India Data Center Market by tier classification during the forecast period. It is primarily due to its unparalleled reliability and robustness. As an enterprise-class tier, Tier 4 data centers boast redundant and dual-powered instances of critical infrastructure components like servers, storage, and network links, ensuring 99.995 percent availability with minimal downtime. Notably, Tier 4 data centers offer fault-tolerant functionality, mitigating the impact of unplanned failures on critical operations. This level of resilience, coupled with multiple distribution paths, safeguards against disruptions, making Tier 4 data centers the preferred choice for corporations seeking the highest levels of reliability, security, and availability for their data infrastructure.
India Data Center Market – By Region
Geographically, the India Data Center Market is divided into North India, South India, East India, and West India regions. The West India region holds the highest share in the India Data Center Market and is expected to maintain its dominance throughout the forecast period. The preeminence stems from Mumbai's strategic significance as the nation's financial capital and a major commercial and transport hub. The city boasts robust infrastructure, including reliable power, extensive fiber connectivity, and critical cable landing stations, making it an ideal location for data centers. Notably, Mumbai's connectivity to global destinations – the Middle East, Europe, Africa, and Hong Kong – is facilitated by subsea cable landing stations. This ensures low-latency connections and dependable cross-border data transmission. Mumbai's data center boom is undeniable. The city houses nearly half of all data centers in India, attracting investments from leading national and international players. The city's surrounding areas, including Thane, Bhiwandi, and Navi Mumbai, have also experienced growth in this sector, fueled by favorable government policies and incentives promoting Mumbai and Navi Mumbai as data center hubs. Consequently, the Mumbai data center market is forecast to witness significant growth, reaching a projected capacity of 1,491.38 MW by 2029.
Competitive Landscape
The India Data Center Market is fragmented, with numerous players serving the market. The key players dominating the India Data Center Market include Cyfuture India Pvt Ltd, Tata Communications Ltd, Sify technologies Ltd, Netmagic Solutions Pvt Ltd, Equinix Inc., NTT Ltd, Nxtra Data Ltd, STT CDG Pte Ltd, AdaniConnex, and CtrlS Datacenters. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the India Data Center Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Data Center Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides all-inclusive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer comprehensive market research reports by analyzing qualitative and quantitative data to boost your business solution's performance. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are a promising digital MI solutions company providing agile assistance to make your business endeavors successful.
Contact Us:
BlueWeave Consulting & Research Pvt Ltd
+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662
Get Help
Related Report
Publish Date: June 2024
Booming Digital India trends and the government’s supportive initiatives for digital transformation across the country are expected to drive the India Data Center Market during the forecast period between 2024 and 2030.
Relevant Press Releases
- Saudi Arabia Managed Wi- Fi Solution Market to Grow at a CAGR of 15.10% during Forecast Period
- Global Out-of-band Authentication (OOBA) Market Size Zooms 4X to Touch USD 4.3 Billion by 2030
- Global Digital Asset Management Market Poised for Explosive Growth: Projected to Grow at a CAGR of 14.6% by 2027
- Asia Pacific Chemical Sensors Market Size Expands at CAGR of 7.3% During 2023–2029, to Touch USD 8.1 Billion by 2029
- Global Application Lifecycle Management (ALM) Software Market Size Expands at Steady CAGR to Reach USD 5.68 Billion by 2029