India Data Center Market: Current Analysis and Forecast (2024-2032)
Emphasis on Type (Corporate Data Center and Web Hosting Data Center); and End-Use Industry (BFSI, Healthcare, Telecom & IT, Government, and Others); Region
India Data Center Market Size & Forecast
The India Data Center Market was valued at USD 4.2 Billion in 2023 and is expected to grow at a robust CAGR of around 18.5% during the forecast period (2024-2032).
India Data Center Market Analysis
- A data center is a centralized physical facility where organizations store, manage, and distribute their data, applications, and IT infrastructure. It typically houses numerous servers, storage systems, networking equipment, and other components necessary for managing and processing large amounts of data. Data centers ensure high availability, scalability, security, and efficient operation of IT systems. They are used by various entities, including businesses, educational institutions, government agencies, and cloud service providers, to support their computing needs and store critical digital assets.
- India has invested heavily in building state-of-the-art data centers to cater to the growing demand from various industries, including finance, telecommunications, healthcare, and government sectors. The India Data Center market offers multiple services, including colocation, hosting, cloud, disaster recovery, and managed services. With the increasing volume of data businesses and individuals generate, data centers are crucial in ensuring digital infrastructure availability, security, and scalability. Key drivers for the India Data Center market include the rising adoption of digital transformation initiatives, government policies promoting investments in the ICT sector, and the growing demand for data storage and management from e-commerce, banking, and healthcare.
The India Data Center Market Segmentation
- Based on Type, the market is segmented into Corporate Data Center and Web Hosting Data Center. Corporate Data Centers are specifically designed and utilized by large enterprises to store and process their critical business data, applications, and services. These data centers are generally owned and operated by the companies, providing them full control over their IT infrastructure. On the other hand, Web Hosting Data Centers primarily cater to businesses that require hosting services for their online applications, websites, and e-commerce platforms. These data centers offer clients shared hosting, dedicated hosting, or cloud hosting options, ensuring their online presence remains accessible and scalable.
- The market is segmented by end-use industry into BFSI, Healthcare, Telecom and IT, Government, and Others. The telecom and IT sector led the India data center market in 2023. The Telecom and IT sector covers various services, including telecommunications, internet service providers, software development, cloud computing, and more. Data centers support these industries’ infrastructure, storage, and networking requirements, ensuring efficient and reliable communication networks and data storage.
North India held a dominant share of the market in 2023
North India’s data center market is rapidly growing and diversifying, driven by increasing digitalization and demand for cloud services. For instance, major cities like Delhi NCR (National Capital Region) have seen significant investments in state-of-the-art data center facilities by global tech giants such as Microsoft and Google. These investments cater to businesses’ rising data storage needs and enhance the region’s infrastructure capabilities, positioning North India as a hub for data-intensive industries and digital innovation.
India Data Center Industry Overview
The India Data Center Market is competitive and fragmented, with several regional and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some major players operating in the market include ABB, Cisco System, Inc., Comarch SA, Dell Technologies, Hitachi Ltd, HPE, Huawei Technologies Co., Ltd., IBM Corporation, NTT Communications, and Schneider Electric.
India Data Center Market News
- In November 2023, Adani Enterprises, led by billionaire Gautam Adani, planned to invest approximately $1.5 billion in its emerging data center venture over the next three years. This renewed investment focus marks a shift back to growth initiatives for the Indian conglomerate, following a period of damage control prompted by a short seller attack.
- In October 2022, Uttar Pradesh Chief Minister Yogi Adityanath announced that the state is poised to become India’s leading hub for data centers. He highlighted that Uttar Pradesh has successfully achieved its goal of attracting investments totalling Rs 20,000 crore and receiving proposals for 600 megawatts of data center capacity within a year of unveiling the state’s data center policy.
India Data Center Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The India Data Center Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the India Data Center Market Analysis (2024-2032)
Analyzing the historical market, estimating the current market, and forecasting the future market of the India Data Center Market were the three major steps undertaken to create and analyze the adoption of India Data Center. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the India Data Center Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the India Data Center Market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the India Data Center Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments and sub-segments for major regions. Major segments are included in the report, such as type and end-use industry. Further regional-level analyses were conducted to evaluate the overall adoption.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the India Data Center Market. Further, we conducted factor analysis using dependent and independent variables such as type and end use industry of the India Data Center Market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the India Data Center Market.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the India Data Center Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the India Data Center Market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the India Data Center Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the India Data Center Market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the type and end-use industry in the India Data Center Market.
The main objective of the India Data Center Market Study
The current & future market trends of the India Data Center Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the market’s overall attractiveness at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the India Data Center Market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of the type and end use industry.
- Define and analysis of the regulatory framework for the India Data Center
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the India Data Center Market
- Company profiles of the India Data Center Market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive region level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the current market size and growth potential of the India Data Center Market?
Q2: What are the driving factors for the growth of the India Data Center Market?
Q3: Which segment has the largest India Data Center Market share by type?
Q4: What are the emerging technologies and trends in the India Data Center Market?
Q5: Which region will dominate the India Data Center Market?
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