Posted On: 2021-11-26
Cloud data centers acquired the largest market revenue share in the India data center market – 6Wresearch
India data center market experienced a significant growth in the year 2020 on account of the COVID-19 pandemic, which resulted in increased access to internet related services assisted by countrywide lockdown and limitations. India has a huge data consuming market, a growing submarine cable connectivity system, and a stable geography (with most cities not prone to frequent earthquakes/other natural disasters). These factors coupled with the increasing shift towards cloud makes India a hotspot for data centers. Further, the market is anticipated to witness high growth during the forecast period years on account of increased use of tech, data driven technologies and ongoing digitization of economy, coupled with burgeoning population. The market is expected to generate large data traffic which would drive the market of data center in the coming years, resulting in India becoming one of the largest data center destinations across APAC over the next decade.
According to 6Wresearch, India Data Center Market size is projected to grow at a CAGR of 10.7% during 2021-27. India data center market is in the growing stage of industry life cycle owing to increasing number of local and international players entering the market to increase their data center footprint due to the ever-rising demand for data storage and processing. International players such as Yondr Group and Amazon Web Services have already announced new data center projects in India. Additionally, booming IT sector, growing data volume and increasing internet penetration in India are the key driving forces triggering the demand for data center market in India.
According to Eshita Goel, Assistant Manager, 6Wresearch, “Within by types, cloud data center holds the majority of share in 2020 and the same trend is expected to prevail in the years to come owing to the rapidly growing IT sector coupled with increase in data consumption. Cloud adoption increased significantly as the pandemic necessitated the migration of critical business applications from offline working scenario to remote works. Also, cloud data centers would maintain their dominance in the forecast years.”
According to Ananya Consul, Research Associate, 6Wresearch, “By infrastructure types, tier III data center is anticipated to experience highest growth in the forecast period, due to the growing usage of tech services in healthcare, BFSI, education, retail and manufacturing companies among others. Tier III data centers have a lower annual downtime as compared to the annual downtime of tier I and tier II data centers. However, growing opportunity lies in green data centers as government is investing heavily in renewable energy sources in the upcoming years.”
Some of the major companies in India data center market include NTT Global Data Centers and Cloud Infrastructure India Private Limited, STT Global Data Centres India Private Limited, Yotta Infrastructure Solutions LLP and CtrlS Datacenters Ltd.
“India data center market (2021-2027)” report provides an in-depth analysis with 17 figures and 08 tables, covered in 90 pages. The report estimates and forecast the overall India data center market by types, infrastructure types, verticals and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.