Market Size of india data center Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Volume (2024) | 2.01 Thousand MW |
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Market Volume (2029) | 4.77 Thousand MW |
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Largest Share by Tier Type | Tier 3 |
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CAGR (2024 - 2029) | 18.79 % |
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Fastest Growing by Tier Type | Tier 4 |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Data Center Market Analysis
The India Data Center Market size is estimated at 2.01 thousand MW in 2024, and is expected to reach 4.77 thousand MW by 2029, growing at a CAGR of 18.79% during the forecast period (2024-2029).
USD 1,926.11 Million
Market Size in 2024
USD 4,597.3 Million
Market Size in 2029
14.1%
CAGR (2017-2023)
19%
CAGR (2024-2029)
IT Load Capacity
2,014.5 MW
Value, IT Load Capacity, 2024
The IT load capacity of the Indian data center market may grow steadily and reach 4765.2 MW by 2029. Mumbai is poised to remain a major attraction to DC operators, including Sify, Equinix, NXTRA, Colt, and NTT Ltd.
Total Raised Floor Space
Sq. Ft. 6.01 M
Volume, Raised Floor Space, 2024
Adoption of smart technologies by urban population and attractive incentives offered by state governments has led data center operators setting up huge data processing facilities in the country.
Installed Racks
300,582
Volume, Installed Racks, 2024
The country's total number of installed racks is expected to reach 710,993 units by 2029. Mumbai is expected to house the maximum number of racks by 2029.
# of DC Operators & DC Facilities
22 and 114
Volume, DC Facilities, 2024
The data centers in the region are majorly tier 3 facilities with a gradual inclination toward tier 4 DC standards. This transformation will improve the DC performance and reduce the downtime of facilities.
Leading Market Player
22.3%
Market Share, STT GDC Pte Ltd, 2023
STT Telemedia leads the Indian data center market with facilities across Bangalore, Chennai, Hyderabad, Kolkata, NCR, Ahmedabad, Mumbai, and Pune. The company is projected to expand its facilities across the country in the coming years.
Tier 3 data center accounted for majority share in terms of volume in 2023, and is expected to dominate through out the forecasted period
- The growing urban population's adoption of smart technologies and attractive incentives offered by state governments has led data center operators setting up huge data processing facilities in the country.
- As businesses evolve in India, large businesses increasingly focus on tier 3 and tier 4 data centers due to their lower downtime, disaster recovery, and onsite assistance facility. This has led to the growth of tier 3 and tier 4 data centers in the region.
- Tier 3 data centers are expected to grow from 888.5 MW in 2022 to 3365.0 MW by 2029 at a CAGR of 16.20%. Similarly, tier 4 data centers operated at a capacity of 211.9 MW in 2021. This capacity is expected to increase from 211.9 MW in 2022 to 1380.2 MW by 2029 at a CAGR of 29.54%.
- As a result of low demand, tier 1 & 2 data center is expected to stagnate during the forecast period.
Understand The Key Trends Shaping This Market
