India Data Center Market Set to Expand with a Projected CAGR of 11.8% by 2030
According to a new report published by MarkWide Research, titled, “India Data Center Market,” the Indian data center industry is poised for substantial growth, driven by increasing data consumption, digitalization efforts, and the demand for robust IT infrastructure. The report anticipates significant expansion in market size, with a Compound Annual Growth Rate (CAGR) of 11.8% expected by 2030.
India’s rapid digital transformation, fueled by data-intensive applications and cloud computing, is boosting the demand for data center services.
Key Findings of the Report:
- Digitalization Acceleration: The accelerated pace of digitalization in India is leading to a surge in data generation and storage requirements.
- Cloud Computing Adoption: Businesses are increasingly adopting cloud computing, necessitating data centers to support their IT infrastructure.
- Edge Computing Emergence: Edge data centers are gaining importance for low-latency applications, such as IoT and real-time analytics.
- Government Initiatives: Government initiatives like “Digital India” and data localization policies are driving the growth of data centers.
- Energy Efficiency: The data center industry is focusing on energy-efficient solutions and sustainable practices.
Market Forecast:
The India Data Center Market is expected to grow from USD 2.7 billion in 2023 to USD 7.4 billion by 2030, at a CAGR of 11.8% during the forecast period. This robust growth is attributed to the increasing demand for data storage and processing capabilities.
Segmentation:
The report provides comprehensive segmentation of the India Data Center Market based on type, size, tier, and region. It offers valuable insights into each segment’s market share, growth potential, and key players.
Type Segmentation:
- Enterprise Data Centers
- Colocation Data Centers
- Cloud Data Centers
Size Segmentation:
- Small and Medium-sized Data Centers
- Large Data Centers
Tier Segmentation:
- Tier I and II
- Tier III and IV
Regional Analysis:
The report analyzes the data center market in various regions of India, including North, South, East, and West. It provides insights into the regional dynamics, key players, and growth opportunities in each area.
Competitive Landscape:
The India Data Center Market is highly competitive, with numerous players vying for market share. The report profiles key companies operating in the market, highlighting their strategies, services, and recent developments. Some of the prominent players in the market include Tata Consultancy Services (TCS), Reliance Data Centers, and NTT Ltd., among others.
Future Outlook:
The India Data Center Market is on an upward trajectory, driven by the digitalization wave and the need for robust IT infrastructure. As businesses and government agencies invest in data center solutions, the market is poised for continued growth.