Adoption of initiative by key players in the region is driving the India data center market demand during the forecast period.

The India Data Center Market size was valued at USD 3.30 billion in 2023, and is predicted to reach USD 7.40 billion by 2030, at a CAGR of 12.2% from 2024 to 2030, according to new research by Next Move Strategy Consulting.

The efforts of major companies in India to expand their operations to meet the rising demand for data storage, driven by significant digitization initiatives, are crucial for the India data center market growth. Recently, OVHcloud and Digital Realty launched their first data centers in India, located in Mumbai and Chennai, respectively. These strategic expansions aim to cater to India's evolving digital landscape and increasing digital needs. The Mumbai data center will offer open, trusted, sovereign, and sustainable cloud solutions to Indian businesses, while the Chennai center will support India's digital evolution with high-density infrastructure. Reflecting the country's growing demand for digital capacity, 5G, AI, and other emerging technologies, these expansions demonstrate a concerted effort to meet India's burgeoning digital requirements and aid its digital transformation journey.

However, the data center market faces significant challenges due to the substantial initial investments required and strict environmental regulations. Establishing and maintaining network infrastructure involves considerable upfront financial commitments, posing obstacles for smaller enterprises and startups. Additionally, ongoing compliance with environmental standards necessitates continuous investment in energy-efficient technologies hinders the overall market growth.

On the other hand, integrating edge computing into market operations offers promising opportunities for industry growth. By reducing latency and enabling real-time processing, edge computing supports applications such as the Internet of Things (IoT) and Augmented Reality (AR), reducing the load on centralized cloud data centers while providing scalability and flexibility. This decentralized approach enhances security by processing sensitive data locally and aligns with evolving digital landscapes, creating diverse opportunities for network infrastructure providers. Recent investments in startups such as Armada indicate growing interest in edge computing solutions, demonstrating efforts to address connectivity challenges and bridge the digital divide.

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The key players operating in the India data center industry include Equinix, Digital Realty, Zenlayer, Amazon Web Services (AWS), MOD Mission Critical (MOD), IBM Cloud, EdgeConnex, Hivelocity, Microsoft Azure, Oracle, and others.

Key Insights from the India Data Center Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the India data center market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The market share of players in the India data center market is provided in the report along with their competitive analysis.