India's Data Centre Market Sees 21% Growth in H1 2024, Mumbai Dominates with 54.9% Share
India's data centre market witnessed a 21% growth in total data centre stock in the first half of 2024, with Mumbai leading the way with a substantial 54.9% share of the total capacity.
Data Centre MarketIndiaMumbaiData Centre CapacityColocation ServicesReal Estate PuneAug 01, 2024
According to a report by Savills, the market witnessed transactions of around 200 MW in IT capacity during the January-June period of 2024. The report also stated that there was an increased demand for Edge Data Centres (smaller facilities located close to the population they serve) emerging from Tier-II and Tier-III cities.
The total stock of data centres in the country has grown 21% year-on-year to 942 MW in H1 2024, from 778 MW in the corresponding six-month period last year. Since 2014, when the metric stood at 158 MW, the total capacity has grown at a compounded annual growth rate of 22%.
The demand for data centre capacity in India is expected to grow to approximately 400 MW by the end of 2024, with hyperscalers, BFSI, IT and ITeS, and service sectors driving the demand. Data centre operators are expanding their service offerings beyond colocation to include networking, cloud solutions, specialized hardware like GPUs, and other managed services.Savills India's Director and Lead Data Centre Services,
Frequently Asked Questions
What is the growth rate of the data centre market in India in H1 2024?
21%
Which city dominates the data centre market in India?
Mumbai, with a 54.9% share of the total capacity
What is the expected demand for data centre capacity in India by the end of 2024?
400 MW
Who are the main drivers of demand for data centre capacity in India?
Hyperscalers, BFSI, IT and ITeS, and service sectors
What is the compound annual growth rate of the data centre market in India since 2014?
22%
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