Data Centre Boom in India: Absorption Reaches 200 MW IT Capacity in H1 2024
India's data centre market witnesses significant growth, with Mumbai, Delhi-NCR, Chennai, Bengaluru, and Pune emerging as key hubs.
Data CentreIndiaDigital EconomyCloud ComputingReal EstateReal Estate PuneJul 31, 2024
According to recent reports, the supply and absorption of data centre capacity have been predominantly concentrated in five major cities Mumbai, Delhi-NCR, Chennai, Bengaluru, and Pune. These cities have emerged as significant hubs for data centre operations, owing to their strategic locations, favourable business environments, and robust infrastructure.
The growth of the data centre market in India can be attributed to the government's initiatives to promote digitalization and the increasing adoption of cloud computing by Indian businesses. Moreover, the rising demand for data storage and processing has led to a surge in investments in data centre infrastructure.
Major real estate advisory firms have been instrumental in facilitating this growth, providing strategic guidance and support to data centre operators and investors. These firms have been at the forefront of identifying opportunities, mitigating risks, and developing innovative solutions to meet the evolving needs of the data centre industry.
The data centre boom in India is expected to continue, driven by the country's rapidly growing digital economy and the increasing need for secure, scalable, and efficient data centre infrastructure. As the demand for data centre capacity continues to rise, India is poised to emerge as a significant player in the global data centre market.
Information
India has been rapidly advancing its digital infrastructure, with a focus on creating a robust ecosystem for data centre operations. The government's initiatives, such as the Digital India programme, have been instrumental in promoting the growth of the data centre industry.
CBRE is a leading real estate advisory firm that provides strategic guidance and support to data centre operators and investors. With a strong presence in India, CBRE has been at the forefront of the country's data centre boom, providing innovative solutions and expertise to its clients.
Frequently Asked Questions
What is driving the growth of the data centre market in India?
The growth of the data centre market in India is driven by the increasing demand for cloud services, data analytics, and IoT applications, as well as the government's initiatives to promote digitalization.
Which cities have emerged as key hubs for data centre operations in India?
Mumbai, Delhi-NCR, Chennai, Bengaluru, and Pune have emerged as significant hubs for data centre operations in India.
What is the current absorption rate of data centre capacity in India?
The absorption rate of data centre capacity in India has reached an approximate 200 MW IT capacity in the first half of 2024.
What is the role of real estate advisory firms in India's data centre market?
Real estate advisory firms, such as CBRE, play a crucial role in facilitating the growth of the data centre market in India by providing strategic guidance and support to data centre operators and investors.
What is the future outlook for the data centre market in India?
The data centre market in India is expected to continue growing, driven by the country's rapidly growing digital economy and the increasing need for secure, scalable, and efficient data centre infrastructure.
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