Dublin, Feb. 19, 2024 (GLOBE NEWSWIRE) -- The "India Data Center Market Size & Share Analysis - Growth Trends & Forecasts (2023-2028)" report has been added to ResearchAndMarkets.com's offering.
The India Data Center Market, a crucial component of the country's tech growth, is witnessing a significant surge, positioning the subcontinent as a key player in the APAC region's data-driven economic landscape. With meticulous analysis, this research forecasts a leap from USD 6.12 billion in 2023 to USD 10.89 billion by 2028, indicating a Compound Annual Growth Rate (CAGR) of 12.22% over the forecast period.
Expansion Driven by Digital Demand
The swift shift to the cloud is a response to the burgeoning need for data management solutions capable of handling the voluminous data churned out by businesses. This surge is further catalyzed by the digital consumption behaviors trigged by enhanced e-commerce platforms facilitated through high-speed internet and an array of smart devices.
Government Incentives Fueling the Sector
The sector's growth is also fueled by substantial governmental support. With policy revisions favoring the development of data center infrastructure, the Indian government, complemented by state-level initiatives, is providing tax subsidies to encourage market growth. Incentive schemes across various Indian states align with the national objective of cultivating an environment conducive to data center proliferation.
Infrastructure and Server Innovations on the Rise
- In the server IT infrastructure segment, India sees an emphasis on various advancements with rack servers, virtualized servers, and storage units to cater to the increasing data workload demands.
- Such innovations resonate with the market's demands, where the increase in data centers intensifies the need for robust server infrastructure to meet the computing needs of a digitized economy.
- Given the direct correlation between data centers and server demand, growth in the number of data centers has a knock-on effect on the requirement for server infrastructure.
Market Dynamics
The India Data Center Market is characterized by a landscape of strategic collaborations and partnerships that underpin the competitive edge of key market players. The market, though noted for its initial investment intensity, is evolving through technological enhancements and service expansions by both dominant and emerging entities.
Recent strategic partnerships in the market highlight the collaborative approach towards offering innovative solutions across India, improving access to state-of-the-art data center facilities.
Advancement Toward a Digital Future
The COVID-19 pandemic's legacy of accelerating digital transformation continues to impact the market dynamics, with businesses increasingly leaning into hybrid IT strategies that marry hosted data center benefits with the agility of multi-cloud environments.
This comprehensive market analysis is poised to play a vital role for stakeholders looking to tap into the vast potential of India's data center market as it continues to grow in scale and sophistication.
Future Prospects
The promising projections for India's data center industry not only reflect the intrinsic value of data in today's economy but also embody the strategic significance of fostering a robust digital ecosystem. As the country progresses towards an even more interconnected and cloud-powered business landscape, the infrastructure that underpins this digital transition remains pivotal to the tale of India's tech evolution.
A selection of companies mentioned in this report includes:
- Nikom Infrastructure Private Limited
- Trimax IT Infrastructure & Services Limited
- Arshiya Limited
- Sify Technologies
- Sterling & Wilson (Shapoorji Pallonji Group)
- Hewlett Packard Enterprise (HPE)
- Atos
- Arista
- Huawei
- Cisco India
- Delta Group
For more information about this report visit https://www.researchandmarkets.com/r/ybp4wy
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