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Market: Data Centre to reach $10.7bn by 2030

Fiinews by Fiinews
May 19, 2025
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Data Centre Policy formulated by states, says report

The Indian Data Centre Market is projected to reach US$10.7 billion by 2030, rising at a CAGR of 8.72% from US$6.48 billion value in 2024, according to a report being offered by ResearchAndMarkets 16 May.

The number of third-party data centre facilities in the India data centre market is actively growing, with a good start the country is aiming to become an established market in the APAC region and has around 121 existing colocation data centres spread across the country, with most of them being in Maharashtra, Uttar Pradesh and Tamil Nadu, said the “India Data Centre Market – Investment Analysis & Growth Opportunities 2025-2030” report https://www.commerce.gov.in/.

Wholesale colocation continues to dominate the colocation market in India, with a higher capacity and market share compared with retail colocation. The demand for wholesale colocation is expected to grow owing to the growth in the use of cloud-based services. Cloud operators are likely to store part of their workloads via wholesale colocation.

A strategic integration of technological innovation, sustainability, and global partnerships is evident in the Indian data centre market. This dynamic environment revolutionizes the digital economy of India and makes it more competitive internationally in terms of digital infrastructure https://www.investindia.gov.in/.

According to Turner & Townsend’s Data Centre Cost Index for 2024, the construction cost of data centres in Mumbai is US$6.60 per watt, which is comparatively lower in comparison with Japan’s Tokyo and Australia’s Sydney. The costs are expected to rise year over year due to several factors, including supply chain issues, inflation, and interest rates.

Data Centre Policy formulated by states individually gives an edge for attracting investments into respective states. Currently, states like Maharashtra, Uttar Pradesh, Tamil Nadu, Telangana, Karnataka, West Bengal, and other states have their own data centre policy focused on ease of setting up businesses https://www.nseindia.com/.

The India data center market is primarily dominated by operators, including NTT DATA, CtrlS Datacenters, Sify Technologies, Nxtra by Airtel, ST Telemedia Global Data Centres, AdaniConneX, Yotta Infrastructure, Princeton Digital Group, Iron Mountain, Colt Data Centre Services, Equinix, Digital Connexion, and others https://www.bseindia.com/.

In September 2024, Princeton Digital Group announced its plan to invest around US$1 billion to expand its data center portfolio across Chennai and Mumbai. The company aims to expand its MU1 data center campus in Mumbai by adding three new buildings and developing a new data center campus, CH1, in Chennai.

The India data center market is also witnessing investment from several new entrants, which include CapitaLand, Digital Edge, Everstone, Lumina CloudInfra, and others.

All the major cloud operators, such as Microsoft, Google, Amazon Web Services, Oracle, Tencent Cloud, Alibaba Cloud, and others, operate in the India data center market with their own dedicated cloud regions.

Hyperscale operators such as Amazon Web Services, Microsoft, and Google are involved in the development of self-built data center facilities in the India data center market.

For instance, in 2024, hyperscale data centre operators contributed to 13.4% of the overall data center investments in India, and this share is likely to increase and reach around 14.8% by 2030.

New Entrants: CapitaLand; Digital Edge; Everstone Group; Lumina CloudInfra and SLG Capital, according to the report. Fiinews.com

Tags: ResearchAndMarkets
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