India Data Center Market – Global Opportunities and Forecast, 2020-2027

 

India Data Center Market

The GMI Research report states that the India Data Center Market will increase at an exponential rate over the forecast period. This is because of the expansion in the IT infrastructure and the ongoing digital modification.

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Introduction of the India Data Center Market

Data centers refer to the concentrated locations where computing equipment are implemented for the purpose of accumulating, retaining, sorting out, disbursing or enabling access to a huge volume of data.

India Data Center Market Dynamics

The expansion in the India Data Center market is primarily attributed to the augmenting demand for data storage management and cloud technology. With the rising digital transformation across the nation, several major companies have started emphasising on implementing sophisticated technologies, such as, big data, machine learning , and artificial intelligence will stimulate the market growth. Besides this, the India Data Center Market Analysis projects that the evolving trend of third-platform technologies, and the ongoing innovations in the IoT and cloud computing will strengthen the demand for an enhanced level of computing data and networking modes. Also, the spurring tendency of green data center will contribute to the India Data Center Market Size.

The growing need to reserve data on the cloud has fuelled the market size. Further, with an accelerating espousal of smart devices and internet, the volume of data generated has increased. Thus, all this together will contribute to the market growth.  For example, the Ministry of Electronics and information Technology (MeitY), in 2020, enlisted the “New Data Center Policy” which focuses on reducing the number of permissions needed for assembling a data center. This will further impel the market growth.

Type Segment Drivers

The market on the basis of type can be bifurcated into datacenter rebuild and new datacenter.  The new datacenter segment is projected to witness a faster growth during the forecast period. This is because of the growing support from the government such as strategic incentives for the establishment of data centers, primarily in Andhra Pradesh, Gujarat, Telangana, and Maharashtra. Moreover, the increasing volume of data produced in India has supplemented the market growth.

About GMI Research

GMI Research is a market research and consulting company that offers empirical solutions to clients, allowing them to make impartial investment decisions based on factual research. We have a large leadership team with huge experience in research and consulting. Our research experts develop solutions to handle business problems of clients.

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