Market Size of India Data Center Storage Industry
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.53 Billion |
| Market Size (2030) | USD 5.77 Billion |
| CAGR (2024 - 2030) | 14.68 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Data Center Storage Market Analysis
The India Data Center Storage Market size is estimated at USD 2.53 billion in 2024, and is expected to reach USD 5.77 billion by 2030, growing at a CAGR of 14.68% during the forecast period (2024-2030).
The increasing demand for cloud computing among SMEs, government regulations for local data security, and growing investment by domestic players are some of the major factors driving the demand for data centers in the country, leading to a growing need for data center storage equipment.
- The upcoming IT load capacity in the region is expected to reach 4,700 MW by 2029, which is projected to positively impact the demand for data center racks during the forecast period.
- The construction of raised floor areas for data centers in the region is expected to reach 14.2 million sq. ft by 2029 for under-construction raised floor space.
- The region's total number of racks to be installed is expected to reach 710,000 units by 2029.
- Currently, 15 submarine cable projects are under construction in the region. One such submarine cable, estimated to start service in 2024, is India Europe Xpress (IEX), stretching over 9775 kilometers with landing points in Mumbai.
