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.
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