press-release Market Intelligence /marketintelligence/en/media-center/press-release/indias-datacenter-market-expected-to-grow-23-by-2022 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

India’s Datacenter Market Expected to Grow 23% by 2022

According to S&P Global Market Intelligence, the datacenter market in India is expanding roughly three times faster than the global industry.

Gurugram, Aug. 26 2020 — While the global datacenter industry grows with a compound annual growth rate (CAGR) averaging 7%, India’s datacenter industry is growing at 23% for that same timeframe, matching only China, according to S&P Global Market Intelligence. The 2020 India Leased Datacenter Market Report, led by 451 Research, the emerging technology group within S&P Global Market Intelligence, also found that Asia-Pacific is the fastest growing region in the world currently at 10% (CAGR 2017-2022).

Much of India’s growth is being fueled by impending data sovereignty laws, but also by a number of government-backed initiatives and incentives, as well as regional influences.

“Digital initiatives from the government and enterprises will continue to draw more technology and datacenter companies to India and accelerate market growth in the region,” said Dan Thompson, Principal Research Analyst at 451 Research, S&P Global Market Intelligence. “We expect an influx of datacenters will come online in the next few years, where the increased competition will certainly result in better, high-quality facilities in the market and more competitive pricing.”

Comparison of Top Indian Datacenter Markets – Datacenter Locations (in operational square footage)

Other key findings from the India Leased Datacenter Market Forecast report include:

  • 88% of India’s supply is concentrated in its largest cities, up slightly from a year ago due to heightening infrastructure quality disparities and further consolidation of local demand.
  • Almost 40% of India’s colocation market resides in Mumbai (CAGR 22%, 2017-2023) owing to its placement as the country’s top commercial and financial center and international subsea cable destination.
  • Another third of the market (together 34% of total operational square footage) is split between New Delhi (CAGR 10%, 2017-2023) and Bengaluru (CAGR 16%, 2017-2023), the IT services hub in Karnataka.
  • The National Capital Region (CAGR 10%, 2017-2023) is seeing renewed interest from some providers as the various cloud providers prospect the market.
  • Chennai (CAGR 19%, 2017-2023), which sits at a major entry and exit point for international subsea cables coming in and out of the APAC region, is the fourth largest datacenter city in India.

 

Access to the report is available to members of the media; please contact: kritikhurana@spglobal.com and vivian.liu@spglobal.com.

 

– END –

 

About S&P Global Market Intelligence

At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. We integrate financial and industry data, research and news into tools that help track performance, generate alpha, identify investment ideas, perform valuations and assess credit risk. Investment professionals, government agencies, corporations and universities around the world use this essential intelligence to make business and financial decisions with conviction.

S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI), the world’s foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, offering ESG solutions, deep data and insights on critical business factors. S&P Global has been providing essential intelligence that unlocks opportunity, fosters growth and accelerates progress for more than 160 years. For more information, visit www.spglobal.com/marketintelligence.

Learn more about Market Intelligence
Request Demo

Media Contact

Vivian Liu I S&P Global Market Intelligence
P.   +852 2841 1007
E. Vivan.liu@spglobal.com

Subscribe to Press Releases

Submitting your email above means you agree to the Terms and have read and understood the Privacy Policy