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The India data center market by investment is expected to grow at a CAGR of over 12% during the period 2020-2026.
The India market is witnessing significant investment from colocation service providers due to high demand from BFSI, logistics, transportation, e-commerce, and government agencies, fueled by the outbreak of the COVID-19 pandemic.
Several global colocation and data center service providers have been shown a tremendous inclination toward the Indian data center market, which is likely to contribute to the market growth. For instance, in August 2020, Equinix entered India with the acquisition of GPX Global Systems in Mumbai, which is likely to close by Q2 2021.
India Data Center Market Outlook and Forecast Report 2021-2026 Featuring Established Market Giants and New Entrants Such as Adani Group, Bridge Data Centres, Colt DCS, Equinix, PDG & Mantra DCs
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India Data Center Market Size to Reach Revenues of over USD 8 Billion by 2026
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The APAC data center market share has been witnessing exceptional growth since the outbreak of the COVID-19 pandemic, which has increased the access to internet-related services aided by lockdowns and restrictions imposed by government agencies across the region. Colocation service providers witnessed a strong uptake of data center spaces by existing customers owing to the growth in demand during the pandemic.
Due to the emergence of a new business environment, cloud service providers and video conferencing service providers have significantly contributed toward colocation and data center services. In Japan, the data center construction witnessed no impact due to the pandemic, however, data center operators implemented stringent precautionary regulations for the safety of their employees.