$1.5 BN Market By 2022 Forecasted for Indian Data Center – ResearchAndMarkets.com
The India data center market size is forecasted to reach USD 1.5 billion by 2022 from USD 1.0 billion in 2018, growing CAGR of 11.4% during the forecast period (2018-2022), research revealed.
The “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” report has been added to ResearchAndMarkets.com’s offering.
Major growth factors for the data center market in India, are deeper internet penetration, increase in digital data traffic, public cloud services, and higher expected growth for IoT.
It was also revealed that the Indian government policies are conducive for this market’s growth. It has set up objectives in the National Digital Communications Policy in 2018 (NDCP-2018) to boost the Digital India initiative, which needs to be achieved by 2022.
The Indian government vows to provide universal broadband connectivity at 50 Mbps to every citizen, 1 Gbps connectivity to all Gram Panchayats by 2020, and 10 Gbps by 2022 and ensure connectivity to all uncovered areas. To achieve this objective, the government is targeting USD 100 billion in investments in the digital communications sector. Also, it is targeting expansion of IoT ecosystem to 5 billion connected devices in India and train more than one million manpower resources for building digital skill.
Simultaneously, the government needs to establish a comprehensive data protection regime for digital communications that safeguards the privacy of individuals and secure digital communications infrastructure and services.
Market Players
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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