India Data Center Market size is projected to reach USD 1.5 billion by 2022 and is growing at a CAGR of 11.4 percent during the forecast period. The market growth is driven by deeper internet penetration, increase in digital data traffic, public cloud services, and higher expected growth for IoT. The rising number of mobile connections, increasing focus on cloud computing along with the growing trend of digitization would lead to an increase in demand for new data centers.
By 2022, the outsourced model of data centers will make almost equal market share. The captive model, however, will still hold a majority of share, due to strict government regulations for various industry verticals making them spend on captive data centers to localize their data processing. The Indian data center market is expected to cross USD 8 billion worth of investments by 2026, driven by the rise in digitization initiatives, third party data center service demand, and proposed data localization law.
Channel Players: Netmagic, CtrlS, SifY, ESDS, GPX Global, NXTGEN, Webworks and Yotta.
