According to a research report "India Data Center Market by Component (Electrical, Mechanical, Communication, Security), Model (Captive, Outsourced), Vertical (BFSI, Telecom and ITES, Defense), Trends, Vendor Ecosystem Analysis, and Porters Five Forces Analysis - Forecast to 2022" published by MarketsandMarkets, The India data center market size is projected to reach USD 1.5 billion by 2022 from USD 1.0 billion in 2018, growing at a CAGR of 11.4% during the forecast period. The market growth is driven deeper internet penetration, increase in digital data traffic, public cloud services, and higher expected growth for IoT.
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Driver: 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.
Opportunity: High growth of the
hyper-converged infrastructure market
HCI (hyper-converged
infrastructure) equipment is power-hungry and requires energy management
solutions to reduce operating costs. Energy-efficient solutions and devices
would be an attractive option here for HCI providers to reduce energy
consumption. Hence, the demand for energy-efficient solutions and accessories
will increase.
By industry verticals, 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
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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
India Data Center Market Players
CTRLS,
ST Telemedia, ESDS, Netmgagic, Sterling & Wilson.
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