India data centre market to be worth USD10.1 billion by 2027
Key drivers for this growth include an increase in cloud adoption, data localisation, and the use of new technologies like 5G and IoT increase
The Digital India initiative by the Indian government is forecasted to garner more investments in data centers.
According to Arizton’s latest report on India’s data centre market, it revealed that it will be worth USD10.1 billion by 2027, growing at a CAGR of 15.1 percent. Last year, the market was valued at USD4.35 billion.
Key drivers for this growth include an increase in cloud adoption, data localisation, and the use of new technologies like 5G and IoT increase.
AWS, Google, and Microsoft have all made investments in India. This indicates that hyperscale operators are becoming more interested in the sector.
Meanwhile, Google has cloud regions in Maharashtra and Delhi. Microsoft will establish a data center in Maharashtra in 2021, following a memorandum of understanding with the Government of Telangana.
In addition to the one in Maharashtra, AWS is constructing a second in Telengana.
Apart from opening a new facility in China. Microsoft announced its plans for a new Azure data centre region in Hyderabad, India, Data Centre Dynamics shared.
Anant Maheshwari, president of Microsoft India, said, “Cloud services are poised to play a critical role in reimagining the future of business and governance and enabling overall inclusion in the country. The new data center will augment Microsoft’s cloud capabilities and capacity to support those working across the country.”
More: Indian government aims to boost investment in data centres
Investments are also being made by new participants, including Equinix, as well as Digital Realty & Brookfield Infrastructure.
The Economic Times reported that Equinix is said to have spent USD9 million on acquiring 5.5 acres of land in Chennai, India.
The company also recently launched a Global Center of Excellence (GCoE) in India. This organisation will equip customers and employees with the necessary technologies that aim to improve the resilience of their digital infrastructures.
Amidst all this, India has also set an ambitious goal of generating 175 GW of renewable energy by the end of the year, with solar power accounting for 100 GW. It also intends to increase renewable energy generation capacity to 450 GW by 2030 to lessen its dependence on fossil fuels.
The Property Report editors wrote this article. For more information, email: [email protected].
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