India Data Center Market - Investment Analysis & Growth Opportunities 2024–2029
THE INDIA DATA CENTER MARKET SIZE WAS VALUED AT USD 6.90 BILLION IN 2023 AND IS EXPECTED TO REACH USD 13.96 BILLION BY 2029, GROWING AT A CAGR OF 12.47% DURING THE FORECAST PERIOD
THE INDIA DATA CENTER MARKET SIZE WAS VALUED AT USD 6.90 BILLION IN 2023 AND IS EXPECTED TO REACH USD 13.96 BILLION BY 2029, GROWING AT A CAGR OF 12.47% DURING THE FORECAST PERIOD
The India Data Center Market Report Includes Size in Terms of
- IT Infrastructure: Servers, Storage Systems, and Network Infrastructure
- Electrical Infrastructure: UPS Systems, Generators, Switches & Switchgear, PDUs, and Other Electrical Infrastructure
- Mechanical Infrastructure: Cooling Systems, Racks, and Other Mechanical Infrastructure
- Cooling Systems: CRAC and CRAH Units, Chillers Units, Cooling Towers, Condensers, and Dry Coolers, and Other Cooling Units
- General Construction: Core & Shell Development, Installation & Commissioning Services, Engineering & Building Design, Fire Detection & Suppression, Physical Security, and DCIM
- Tier Standard: Tier I & Tier II, Tier III, and Tier IV
- Geography: Maharashtra, Uttar Pradesh, Tamil Nadu, Telangana, and Other States
Get Insights on 121 Existing Data Centers and 86 Upcoming Facilities across India
This report includes market data points, ranging from trend
analyses to market estimates & forecasts that you can customize
| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Market Size- Investment (2029) | USD 13.96 Billion (2029) |
| Market Size-Area (2029) | 2,517 thousand sq. feet |
| Market Size-Power Capacity (2029) | 390 MW |
| CAGR (2023-2029) | 12.47% |
| Colocation Revenue | USD 4.50 Billion |
| Historic Year | 2020-2022 |
| Base Year | 2023 |
| Forecast Year | 2024-2029 |
INDIA DATA CENTER MARKET SIZE & GROWTH
The India data center market size will witness investments of USD 13.96 billion by 2029, growing at a CAGR of 12.47% during the forecast period. The surge in demand for hyperscale and colocation services in India is driven by critical sectors like telecom operators, Cloud/IT, healthcare, BFSI, and government agencies. In April 2024, Meta planned to lease the Digital Connexion data center in India (MAA10 in Chennai), launched in January 2024. Furthermore, India has several Free Trade Zones (FTZ) and Special Economic Zones (SEZ) from Electronic City in Bengaluru, Tidel Park in Chennai, to the Noida Special Economic Zone (NSEZ). These Free Trade Zones provide benefits such as tax breaks, increased connectivity, and data center infrastructure, contributing to data center growth in India.
The India data center market is booming because of Generative AI, 5G, rapid digitization, government support, cloud, IoT, and edge computing. Also, in India, various industries, such as fintech, education, smart cities, healthcare, and public services, embrace IoT technology. For example, in 2023, Quectel Wireless Solutions partnered with Syrma SGS Technology to develop unique IoT modules in India to support the “Make in India” Initiative, further pushing India data center growth.
KEY HIGHLIGHTS
- In India, Mumbai, Chennai, and Hyderabad have emerged as top destinations for investments in the India data center market, powered by an expanding pool of STEM graduates and more foreign investment, resulting in higher data center deployments and job possibilities.
- Inland connection in India is improving, thanks to the establishment of significant internet exchange points such as AMR-IX, Extreme IX, ANI-IX, AMS-IX, NIXI, DE-CIX, REDIX, Remki Internet Exchange (RIX), SP-iXP. Major telecom companies such as Reliance Jio, Vodafone Idea, and Airtel have commercially introduced 5G in India, driving data center growth.
- India aims for carbon neutrality by 2070, with 500 GW of installed renewable energy by 2030. So, beginning in 2023, new data centers in India such as AdaniConneX, have planned to develop several new facilities across Mumbai, Hyderabad, Vizag, Noida, Pune, and Chennai using 100% renewable energy.
- In India, municipalities use Big Data and AI to improve urban and smart city services. For instance, Pune has deployed Adaptive Traffic Management technology at 30 signals, optimizing traffic flow and cutting travel time.
- Generative AI revolutionizes data centers and cloud computing, fueling India's digital growth. This will result in the creation of high-performance AI-driven data centers in India in the coming years.
WHY SHOULD YOU BUY THIS RESEARCH?
- Data center market in India size is available in terms of investment, area, power capacity, and India colocation market revenue.
- An assessment of the data center investment in India by colocation, hyperscale, and enterprise operators.
- Investments in the area (square feet) and power capacity (MW) across cities in the country.
- A detailed study of the existing India data center market landscape, an in-depth data center market analysis, and insightful predictions about India data center market size during the forecast period.
- Snapshot of existing and upcoming third-party data center facilities in India
- Facilities Covered (Existing): 121
- Facilities Identified (Upcoming): 86
- Coverage: 15+ Cities
- Existing vs. Upcoming (Area)
- Existing vs. Upcoming (IT Load Capacity)
Data Center Colocation Market in India
- Market Revenue & Forecast (2023-2029)
- Retail & Wholesale Colocation Pricing
- The India data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.
- A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the data center market.
- Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the data center India industry.
- A transparent research methodology and the analysis of the demand and supply aspects of the market.
INDIA DATA CENTER MARKET VENDOR LANDSCAPE
- In the India data center market, data center providers in India include Nxtra by Airtel, ST Telemedia Global Data Centres, NTT Global Data Centers, Web Werks, Sify Technologies, Yotta Infrastructure (Hiranandani Group), and CtrlS Datacenters.
- Leading colocation, cloud data centers in India, and hyperscalers in India are rapidly establishing renewable energy partnerships with major vendors such as O2 Power, Continuum Green, Vibrant Energy, and Tata Power Renewable Energy. For instance, In 2023, Princeton Digital Group entered into a long-term agreement with Tata Power Renewable Energy to get solar energy from the Nanded district project to support its Mumbai data center India.
- New entrants are making moves in the India data center market and acquiring significant growth areas. For example, in 2023, Digital Connexion acquired land of 2.5 acres in Chandivali, in Metro Mumbai, to develop its second data center facility in India.
EXISTING VS. UPCOMING DATA CENTERS
- Existing Facilities in the Region (Area and Power Capacity)
- Maharashtra
- Uttar Pradesh
- Tamil Nadu
- Telangana
- Other States
- List of Upcoming Facilities in the Region (Area and Power Capacity)
REPORT COVERAGE:
This report analyses the India data center market share. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infrastructure, general construction, and tier standards. It discusses market sizing and investment estimation for different segments. The segmentation includes:
· IT Infrastructure
o Servers
o Storage Systems
o Network Infrastructure
· Electrical Infrastructure
o UPS Systems
o Generators
o Switches & Switchgear
o PDUs
o Other Electrical Infrastructure
· Mechanical Infrastructure
o Cooling Systems
o Racks
o Other Mechanical Infrastructure
· Cooling Systems
o CRAC and CRAH Units
o Chillers Units
o Cooling Towers, Condensers, and Dry Coolers
o Other Cooling Units
· General Construction
o Core & Shell Development
o Installation & Commissioning Services
o Engineering & Building Design
o Fire Detection & Suppression
o Physical Security
o Data Center Infrastructure Management
· Tier Standard
o Tier I & Tier II
o Tier III
o Tier IV
· Geography
o Maharashtra
o Uttar Pradesh
o Tamil Nadu
o Telangana
o Other States
INDIA DATA CENTER MARKET COMPANIES
- IT Infrastructure Providers: Arista Networks, Atos, Broadcom, Cisco Systems, Dell Technologies, Fujitsu, Hitachi Vantara, Hewlett-Packard Enterprise (HPE), Huawei, IBM, Juniper Networks, Lenovo, NEC, Oracle, NetApp.
- Data Center Construction Contractors & Sub-Contractors: AECOM, Advanced India Projects Limited (AIPL), Ahluwalia Contracts, Emerge Engineering, Edifice Consultants, Larsen & Toubro (L&T), Nikom InfraSolutions, Prasa, Listenlights, DEC Infra, Turner & Townsend, Tata Projects, DSCO Group, Vastunidhi, Krishna Buildestates Pvt. Ltd.
- Support Infrastructure Providers: 3M, ABB, Alfa Laval, Blue Box (Swegon), Bloom Energy, Caterpillar, Climaveneta (Mitsubishi Electric), Cummins, Delta Electronics, Eaton, Fuji Electric, HITEC Power Protection, Johnson Controls, KOEL (Kirloskar Group), Legrand, Netrack Enclosures, Panduit, Riello Elettronica (Riello UPS), Rittal, Rolls-Royce, Schneider Electric, Siemens, Stulz, Vertiv.
- Data Center Investors: Amazon Web Services, AdaniConneX, Nxtra by Airtel, CtrlS Datacenters, Cyfuture, NTT Global Data Centers, Equinix (GPX Global Systems), Reliance Jio, Sify Technologies, VueNow, Microsoft, OVHcloud, ST Telemedia Global Data Centres India, Web Werks, Yotta Infrastructure (Hiranandani Group).
- New Entrants: Digital Connexion, Colt Data Centre Services (Colt DCS), Digital Edge, CapitaLand, EverYondr, Lumina CloudInfra, SolisIDC.
SNAPSHOT
The India data center market size is projected to reach USD 13.96 billion by 2029, growing at a CAGR of 12.47% from 2023 to 2029.
The following factors are likely to contribute to the growth of the India data center market during the forecast period:
- · Increasing Cloud Service Adoption
- · Improvement in Inland & Submarine Connectivity
- · Big Data & IoT Driving Data Center Investments
- · Several Strategic Partnerships, M&As, and JVs to Fuel Data Center Growth in India
Base Year: 2023
Forecast Year: 2024-2029
The report considers the present scenario of the India data center market and its market dynamics for 2024-2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study includes the demand and supply aspects of the market.
The report includes the investment in the following areas:
· IT Infrastructure
o Servers
o Storage Systems
o Network Infrastructure
· Electrical Infrastructure
o UPS Systems
o Generators
o Switches & Switchgear
o PDUs
o Other Electrical Infrastructure
· Mechanical Infrastructure
o Cooling Systems
o Racks
o Other Mechanical Infrastructure
· Cooling Systems
o CRAC and CRAH Units
o Chillers Units
o Cooling Towers, Condensers, and Dry Coolers
o Other Cooling Units
· General Construction
o Core & Shell Development
o Installation & Commissioning Services
o Engineering & Building Design
o Fire Detection & Suppression
o Physical Security
o Data Center Infrastructure Management (DCIM)
· Tier Standard
o Tier I & Tier II
o Tier III
o Tier IV
· Geography
o Maharashtra
o Uttar Pradesh
o Tamil Nadu
o Telangana
o Other States
VENDOR LANDSCAPE
IT Infrastructure Providers
· Arista Networks
· Atos
· Broadcom
· Cisco Systems
· Dell Technologies
· Fujitsu
· Hitachi Vantara
· Hewlett Packard Enterprise (HPE)
· Huawei
· IBM
· Juniper Networks
· Lenovo
· NEC
· Oracle
· NetApp
Data Center Construction Contractors & Sub-Contractors
· AECOM
· Advanced India Projects Limited (AIPL)
· Ahluwalia Contracts
· Emerge Engineering
· Edifice Consultants
· Larsen & Toubro (L&T)
· Nikom InfraSolutions
· Prasa
· Listenlights
· DEC Infra
· Turner & Townsend
· Tata Projects
· DSCO Group
· Vastunidhi
· Krishna Buildestates Pvt. Ltd.
Support Infrastructure Providers
· 3M
· ABB
· Alfa Laval
· Blue Box (Swegon)
· Bloom Energy
· Caterpillar
· Climaveneta (Mitsubishi Electric)
· Cummins
· Delta Electronics
· Eaton
· Fuji Electric
· HITEC Power Protection
· Johnson Controls
· KOEL (Kirloskar Group)
· Legrand
· Netrack Enclosures
· Panduit
· Riello Elettronica (Riello UPS)
· Rittal
· Rolls-Royce
· Schneider Electric
· Siemens
· Stulz
· Vertiv
Data Center Investors
· Amazon Web Services
· AdaniConneX
· Nxtra by Airtel
· CtrlS Datacenters
· Cyfuture
· NTT Global Data Centers
· Equinix (GPX Global Systems)
· Reliance Jio
· Sify Technologies
· VueNow
· Microsoft
· OVHcloud
· ST Telemedia Global Data Centres India
· Web Werks
· Yotta Infrastructure (Hiranandani Group)
New Entrants
· Digital Connexion
· Colt Data Centre Services (Colt DCS)
· Digital Edge
· CapitaLand
· EverYondr
· Lumina CloudInfra
· SolisIDC
Frequently Asked Questions
How big is the India data center market?
How many data centers are there in India?
Who are the key investors in the India data center market?
What are the driving factors in the India data center market?
What is the growth rate of the India data center market?
How big is the India data center market?
How many data centers are there in India?
What is the growth rate of the India data center market?
What are the driving factors in the India data center market?
Who are the key investors in the India data center market?
Exhibit 1 Third-Party Data Center Snapshot
Exhibit 2 Third-Party Data Center Snapshot by States
Exhibit 3 Third-Party Data Center Area Developed by States (thousand square feet)
Exhibit 4 Third-Party Data Center Power Capacity by States (MW)
Exhibit 5 Data Center Market Size & Forecast ($ Billion)
Exhibit 6 Data Center Market Size & Forecast by Area 2022−2028 (Million Square Feet)
Exhibit 7 Market Size & Forecast by Power Capacity 2022−2028 (MW)
Exhibit 8 Market Size & Forecast by Facility Type Investment 2022-2028 ($ million)
Exhibit 9 Market Size & Forecast by Facility Type Area 2022-2028 (thousand square feet)
Exhibit 10 Market Size & Forecast by Power Capacity 2022-2028 (MW)
Exhibit 11 Data Center Colocation: Market Size & Forecast by 2022−2028 (MW)
Exhibit 12 Retail Colocation Pricing 2022
Exhibit 13 Wholesale Colocation Pricing 2022Exhibit 14 Market Size & Forecast by IT Infrastructure 2022−2028 ($ Million)
Exhibit 15 Market Size & Forecast by Electrical Infrastructure 2022−2028 ($ Million)
Exhibit 16 Market Size & Forecast by Mechanical Infrastructure 2022−2028 ($ Million)
Exhibit 17 Market Size & Forecast by Cooling Systems 2022−2028 ($ Million)
Exhibit 18 Market Size & Forecast by General Construction 2022−2028 ($ Million)
Exhibit 19 Market Size & Forecast by Tier Standards 2022−2028 ($ Million)
Exhibit 20 Market Size & Forecast in Maharashtra by Investment 2022−2028 ($ Million)
Exhibit 21 Market Size & Forecast in Maharashtra by Area 2022−2028 (thousand Square Feet)
Exhibit 22 Market Size & Forecast in Maharashtra by Power Capacity 2022−2028 (MW)
Exhibit 23 Market Size & Forecast in Telangana by Investment 2022−2028 ($ Million)
Exhibit 24 Market Size & Forecast in Telangana by Area 2022−2028 (thousand Square Feet)
Exhibit 25 Market Size & Forecast in Telangana by Power Capacity 2022−2028 (MW
Exhibit 26 Market Size & Forecast in Uttar Pradesh by Investment 2022−2028 ($ Million)
Exhibit 27 Market Size & Forecast in Uttar Pradesh by Area 2022−2028 (thousand Square Feet)
Exhibit 28 Market Size & Forecast in Uttar Pradesh by Power Capacity 2022−2028 (MW)
Exhibit 29 Market Size & Forecast in Tamil Nadu by Investment 2022−2028 ($ Million)
Exhibit 30 Market Size & Forecast in Tamil Nadu by Area 2022−2028 (thousand Square Feet)
Exhibit 31 Market Size & Forecast in Tamil Nadu by Power Capacity 2022−2028 (MW)
Exhibit 31 Market Size & Forecast in Other States by Investment 2022−2028 ($ Million)
Exhibit 33 Market Size & Forecast in Other States by Area 2022−2028 (thousand Square Feet)
Exhibit 34 Market Size & Forecast in Other States by Power Capacity 2022−2028 (MW)
LIST OF TABLES:
Table 1 List of Upcoming Data Center Projects
Table 2 Data Center Site Selection Criteria
Table 3 Overall Market Size & Forecast 2022−2028
Table 4 Market Size & Forecast by Colocation Services 2022-2028 ($ Million)
Table 5 Market Size & Forecast by Facility Type Investment 2022-2028 ($ Million)
Table 6 Market Size & Forecast by Facility Type Area 2022-2028 (thousand square feet)
Table 7 Market Size & Forecast by Facility Type Power Capacity 2022-2028 (MW)
Table 8 Market Size & Forecast by Infrastructure 2022−2028 ($ Million)
Table 9 Market Size & Forecast by IT Infrastructure 2022−2028 ($ Billion)
Table 10 Market Size & Forecast by Electrical Infrastructure 2022−2028 ($ Million)
Table 11 Market Size & Forecast by Mechanical Infrastructure 2022−2028 ($ Million)
Table 12 Market Size & Forecast by Cooling Systems 2022−2028 ($ Million)
Table 13 Market Size & Forecast by General Construction 2022−2028 ($ Million)
Table 14 Market Size & Forecast by Tier Standards 2022−2028 ($ Million)
Table 15 Investment Market Size & Forecast by Maharashtra 2022−2028
Table 16 Investment Market Size & Forecast by Telangana 2022−2028
Table 17 Investment Market Size & Forecast by Uttar Pradesh 2022−2028
Table 18 Investment Market Size & Forecast by Tamil Nadu 2022−2028
Table 19 Investment Market Size & Forecast by Other States 2022−2028
1. Existing & Upcoming Third-Party Data Centers In India
1.1. 90+ Unique Data Center Properties
1.2. Data Center IT Load Capacity
1.3. Data Center White Floor Area Space
1.4. Existing Vs Upcoming Data Center Capacity by Cities
1.5. States Covered
1.5.1. Maharashtra
1.5.2. Uttar Pradesh
1.5.3. Tamil Nadu
1.5.4. Telangana
1.5.5. Other States
1.6. List of Upcoming Data Center Projects
2. Investment Opportunities In India
2.1. Microeconomic and Macroeconomic factors for India Market
2.2. Investment Opportunities in India
2.3. India Data Center Policy 2020
2.4. Key Data Center Policy Initiatives across States in India
2.5. Digital Data in India
2.6. Investment by Area
2.7. Investment by Power Capacity
3. Market by Facility Type (Colocation, Hyperscale, and Enterprise Data Centers)
3.1. Facility Type by Investment
3.2. Facility Type by Area
3.3. Facility Type by Power Capacity
4. Data Center Colocation Market In India
4.1. Demand Across Several Industries in India
4.2. Colocation Services Market in India
4.3. Retail vs Wholesale Data Center Colocation
4.4. Colocation Pricing (Quarter Rack, Half Rack, Full Rack) & Add-ons
5. Market Dynamics
5.1. Market Drivers
5.2. Market Trends
5.3. Market Restraints
6. Market Segmentation
6.1. IT Infrastructure: Market Size & Forecast
6.2. Electrical Infrastructure: Market Size & Forecast
6.3. Mechanical Infrastructure: Market Size & Forecast
6.4. General Construction Services: Market Size & Forecast
7. Tier Standard
7.1. Tier I & II
7.2. Tier III
7.3. Tier IV
8. Geographic Segmentation
8.1. Maharashtra
8.2. Telangana
8.3. Uttar Pradesh
8.4. Tamil Nadu
8.5. Other Cities
9. Key Market Participants
9.1. IT Infrastructure Providers
9.2. Construction Contractors
9.3. Support Infrastructure Providers
9.4. Data Center Investors
9.5. New Entrants
10. Appendix
10.1. Market Derivation
10.2. Quantitative Summary
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Frequently Asked Questions
How big is the India data center market?
How many data centers are there in India?
Who are the key investors in the India data center market?
What are the driving factors in the India data center market?
What is the growth rate of the India data center market?
How big is the India data center market?
How many data centers are there in India?
What is the growth rate of the India data center market?
What are the driving factors in the India data center market?
Who are the key investors in the India data center market?
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