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(Hosting-NewsWire.com, November 11, 2019 ) MarketsandMarkets forecasts a new market research report “India data center market size to grow from USD 1.0 billion in 2018 to USD 1.5 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period”. The datacenter market potential in India is currently underutilized, but it is expected to witness healthy growth in the coming years. Indian government policies are conducive for the market growth. It has set up objectives in National Digital Communications Policy in 2018 (NDCP-2018) to boost Digital India initiative, which needs to be achieved by 2022.
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Browse 13 market data Tables and 18 Figures spread through 72 Pages and in-depth TOC on "India Data Center Market by Component (Electrical, Mechanical, Communication, Security), Model (Captive, Outsourced), Vertical (BFSI, Telecom and ITES, Defense), Trends, Vendor Ecosystem Analysis, and Porters Five Forces Analysis - Forecast to 2022"
Captive is the highest market share holding segment in India, however, the colocation model is growing fast which will hold equal market share of captive in the coming years. The government initiatives will help colocation service providers to gain market share. Currently, the captive model holds more than 60% of market share in India and colocation (outsourced) model captures about 40% market share. However, the gap is expected to be bridged in the coming years, where the captive model will lose about 5% market share and colocation will gain 5% share in India.
The electrical components segment has the highest market share among all components, which is more than 40%. Further breakup of the electrical components market segment reveals the Power Distribution Unit (PDUs) and UPS commands more than 40% of market share among all electrical components.
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Mumbai is the prime focus of data center developers in India with more than 20% of market share, followed by Bengaluru
Indian government has launched MeghRaj cloud to accelerate G2C services delivery. Under the scheme, many national datacenters and state datacenters have been built and many are being built in various states, such as Maharashtra and Madhya Pradesh. For example, NIC has already built 4 NDCs in India and the fifth one is coming up in Bhopal.
All government-owned companies in every industry vertical have their datacenters located in Mumbai and Bengaluru.
IT & Telecom is the top industry vertical with the most of the data center development in India, followed by BFSI
eCommerce and online marketplace proliferation in India has driven the market for colocation datacenters in India and is expected to drive the market in the coming years as well. Higher adoption of technology by SMEs in every sector combined with stringent government regulations will spur the demand for more datacenters in India.
government policy for companies to store their data locally will boost the market for captive data centers.
Fujitsu (Japan), Honeywell (US), NEC (Japan), Siemens (Germany), IBM (US), Johnson Controls (US), Hikvision (China), Dahua Technology (China), and Schneider Electric (France) are some of the key players in the India data center market providing physical infrastructure. Apart from these, there are many colocation services vendors in India, such as Netmagic, Ctrl S, ESDS, Prasa, and Sterling & Wilson.
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