India is one of the fastest-growing data centre markets in the world | Breaking News | IT News

#datacentremarket #cagr

The India data centre market is expected to grow at a CAGR of 8% over the forecast period 2021 to 2026. The rapid adoption of cloud-based business operations has encouraged businesses to acquire data management capacities to handle huge volumes of data that are being generated. Increased proliferation of online shopping due to the availability of user-friendly interfaces, high-speed internet, and smart devices such as smartphones, tablets, laptops, etc. is expected to drive the market in the future. India’s data centre sector is probably one of the fastest-growing data centre markets in the world, and with the growing adoption of digital models across a wide range of businesses can lead to surge the demand for the data centres in India.



Given India’s rich network connectivity, cost advantage, availability of skilled labour, low climate risk and strong data protection laws, India is well-positioned to serve as a regional data centre hub in Asia-Pacific and is likely to attract significant investments. A report says, Data centres capacity in Mumbai, the country’s commercial capital, is likely to grow 2.65 times to 529 MW by 2023, said a JLL India report. The city is expected to add 330 MW in the next two years and Navi Mumbai is expected to account for 83% of these additions in the Mumbai region. India is increasingly seeing a big opportunity in edge data centres. Going forward, we will witness there are various Tier-II cities in the country to come out with edge data centres, will be located closer to the end-users and are on the edge of the network.

Follow Us On :-

https://www.facebook.com/VARINDIAMagazine/

https://twitter.com/varindiamag

https://www.instagram.com/varindia/

https://www.linkedin.com/company/14636899/admin/

https://in.pinterest.com/varindia.