According to a research report "India Data Center Market to define, describe, segment, and forecast by Captive, Outsourced, Electrical, Mechanical and Communication. Also strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the overall market and provide detailed information about major factors (drivers, opportunities, and challenges) influencing market growth - Global Forecast to 2022" published by MarketsandMarkets. The India data center market size is expected to reach USD 1.5 billion by 2022 from USD 1.0 billion in 2018, at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period.
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The IT & telecom sector is expected to lead the
market during the forecast period.
The IT & telecom
segment is expected to lead the data center market in India. Media &
entertainment, retail (eCommerce), and manufacturing sectors are the next
significant verticals that require the most number of data centers. The
government is increasingly reliant on IT-intensive services to improve its
performance and has developed many Government-to-Citizen (G2C) delivery
platforms, such as the National eGovernance Plan (NeGP), e-visa, and National
CSR Data portal.
By components, the electrical segment will lead the
market during the forecast period.
The electrical segment is set to lead
the data center market in India during the forecast period. The majority of the
capital investment goes into electrical and power systems, including
substations, distribution transformers, diesel
Public Cloud Services Market Will Double by
2020
Higher cloud adoption will lead to a
rise in the volume of data generation and hence, an increase in requirement for
data storage and processing. Also, the Indian government’s National Digital
Communications Policy in 2018 has mandated data localization in the country,
which means cloud providers will have to set up their data centers in India.
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Public Cloud Services Market Will Double by
2020
Higher cloud adoption will lead to a rise in
the volume of data generation and hence, an increase in requirement for data
storage and processing. Also, the Indian government’s National Digital
Communications Policy in 2018 has mandated data localization in the country,
which means cloud providers will have to set up their data centers in India.
By region, Mumbai is expected to lead the market during
the forecast period.
Mumbai is projected to lead the market share during the
forecast period. >75% of the data centers are located in major Indian
cities, such as Mumbai, Bengaluru, Chennai, New Delhi, and Hyderabad. Mumbai
and Bengaluru are providing Infrastructure to most data centers, as they are
hubs for BFSI(Banking, financial services, and insurance) and IT & ITeS
start-ups.
Key
market players profiled in this report CTRLS, ST Telemedia, ESDS, Netmgagic,
Sterling & Wilson.
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