New-age data centres are actively embracing hydroelectric, solar and wind power
The network infrastructure segment is expected to expand at a CAGR of 7.79% during the 2024 – 2028 forecast period, says a report released by ResearchAndMarkets.
The increased implementation of data centre https://group.ntt/en/ virtualization and cloud computing is expected to boost market growth during the forecast period, said the “Data Centre Market in India 2023-2028″ report.
Data centre https://www.adaniconnex.com/ virtualization improves the performance of IT infrastructure and allows for more effective management of private and public cloud services.
The industry structure https://www.nxtra.in/ is highly concentrated. The concentration is in terms of newer investments primarily focused on upgrading existing data centres or establishing new ones.
States such as Maharashtra https://yotta.com/ , Tamil Nadu, Telangana, and Uttar Pradesh are witnessing growth in AI, IoT, virtual reality, online payment systems, and smart solutions, thus, increasing digital content.
The increase in digital content is projected to augment the demand for data centres. The country’s commitment to renewable energy infrastructure further supports the sustainability trend in the data centres market, said the report on 7 Mar 2024.
It elaborated, “The need for data centres https://www.equinix.com/ has plummeted by the increased volume of digital data across sectors such as retail, entertainment, and healthcare.
“The consumption of digital content https://www.amazon.com/ is also due to the rise in the popularity of social media usage in the country. The need to adopt a digital lifestyle along with easy access to smart gadgets and the internet has also promoted the amount of digital data in the country.
“Data creation by banks, OTT players, and CDNs (content delivery Networks) https://www.google.com/ is also a major driver for the increased demand for data centres to manage large volumes of data.”
The integration of sustainable practices in data centres https://www.microsoft.com/en-sg/ presents a transformative trend in the data centre market. The trend is characterized by a shift towards incorporating environmentally friendly practices, with a notable focus on renewable energy sources. New-age data centres are actively embracing hydroelectric, solar, and wind power, alongside other forms of renewable energy resources.
Thus, allowing the data centres to conserve energy and reduce operational costs. Simultaneously, there is a growing emphasis on enhancing Environmental, Social, and Governance (ESG) performance in data centres https://sterlingandwilson.com/ worldwide.
Key participants in the industry:
AdaniConneX Private Limited (Adani Group); Nxtra Data Limited (Bharti Airtel Limited); Sterling & Wilson (Shapoorji Pallonji Group); Yotta Infrastructure (Hiranandani Group); Equinix Inc; Nippon Telegraph and Telephone Corporation; Amazon Web Services India; Google Inc and Microsoft Corporation India Private Limited. Fiinews.com
