Indian data center market set for rapid growth

Indian data center market set for rapid growth $700 million more in annual colocation and hosting revenue to be generated by 2019

India’s colocation and hosting market will generate almost $2 billion in annual revenue by 2019, up from just $1.3 billion in 2016, with most of the growth focused on the metropolitan centers of Mumbai, Chennai, New Delhi and Bangalore.

According to the Indian market Research, almost a third of all existing white space in the country is located in Mumbai, due to its status as a major financial hub, its population of 21 million and coastal location, in close proximity to submarine cable landing stations.

The report predicts solid growth for the Indian public cloud market, expected to increase by a quarter every year through to 2021, reaching $1.02 billion in annual revenue.Big and getting bigger

India is among the world’s fastest-growing economies, with an average annual GDP growth rate of 5.8 percent over the past two decades. It is also the world’s second most populous country, and is on track to overtake China in terms of population around 2022.

According to Livemint, the IT industry is the largest private-sector employer in India, and IT services are emerging as one of its most important exports. Such services require data centers to operate – as a result, India is set for rapid expansion of its digital infrastructure footprint.

According to Research, 84 percent of the country’s data center supply is currently concentrated across its five largest markets: Mumbai, Chennai, New Delhi, Bangalore and Pune.