Forecast: India Data Center Market to Grow at 6.5% CAGR Over the Next five Years

In July 2023, the International Energy Agency in its “Tracking Clean Energy Progress 2023” report highlighted that global data centers and data transmission networks, each consuming 1-1.5% of the total electricity consumed globally. Additionally, they are also responsible for ~1% of the energy-related GHG emissions.

According to MarkNtel Advisors study, The India Data Center Market size is valued at USD 3.2 billion in 2024 & is estimated to grow at a CAGR of around 6.5% during the forecast period, i.e., 2024-30.

The telecommunication industry massively utilizes data centers for optimal working. The deployment of 5G networks across the length and breadth of India will present a huge opportunity for the market players. As the 5G network gets deployed leading to increasing network connectivity, through smart electronic devices, people, and digital services enabling the huge need for data centers capable of processing such huge amounts of data without latency. Additionally, the availability of 5G will have a transformation impact on various industries such as healthcare, and gaming industry. Such impact is due to the combination of 5G with modern technologies such as virtual reality (VR), and augmented reality (AR), and also the fast adoption of the Internet of Things and Metaverse. These scenarios will lead to the massive generation of data and the need for computing power, highlighting the lucrative growth opportunities available in the Indian data center industry.

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Key Findings in India Data Center Market:

India Data Center Market Key Players:

CtrlS, Sify Technologies, ESDS Software Solutions, NTT Limited, Web Werks India Pvt. Ltd., STT Global Data Centers, Yotta Data Services Private Limited, Adaniconnex Private Limited, Nxtra Data Limited, Pi Data Centers and others

Market Segmentation Overview:

By IT Infrastructure

-Servers

–Proxy Servers

–DNS Servers

–Others (Email Servers, FTP Servers, etc.)

-Storage

–Central SAN (Storage Area Network)

–DAS (Direct Attached Storage)

–NAS (Network Attached Storage)

-Network

–Routers

–Firewalls

By Electrical and Mechanical Infrastructure

-Cabling

-Uninterrupted Power Supplies

-Cooling Systems

-Others (Rack PDU, Switchgears, etc.)

By Type

-Enterprise Data Centers

-Colocation Data Centers

-Cloud Data Centers

-Edge Data Centers

The cloud data centers segment occupies the largest market share. This is mostly likely due to the business in India adopting massively the cloud services as the country will witness a high speed and cheap internet, making it a favorable service. Due to such a trend, we have witnessed that the leading players in the market operating in India have announced massive investments in the data centers and the vast majority of them have gone to the cloud-hyper scale data centers. Such development points to the increasing demand for data centers in India and the rapid growth in the India Data Center Market.

By Tier Standards

-Basic site infrastructure (Tier I)

-Redundant-capacity component site infrastructure (Tier II)

-Concurrently maintainable site infrastructure (Tier III)

-Fault-tolerant site infrastructure (Tier IV)

By End User

-Banking, Financial Services and Insurance (BFSI)

-Telecommunication & IT

-Government

-Energy & Utility

-Healthcare

-Others (Media & Entertainment, Manufacturing, etc.)

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By Region

• North
• South
• East
• West

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The India Data Center Industry Recent Development:

August 2024: CtrlS has acquired land in Patna, Bihar to set up a greenfield edge data center, for this company is planning to invest INR 400 crore. The data center will have the capacity for 1,000 racks and an IT load capacity of 10 MW.

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