Data Centre industry to grow three-fold in another five years
By MYBRANDBOOK
As per a report released by JLL India, the country’s data centre industry is likely to grow three-fold in revenue to $3.2 billion by 2024. It will also drive the development of additional real estate space of 7.8 million square for setting up data centre facilities.
76% share of these new capacity additions will be in Mumbai and Chennai and other metros like Delhi-NCR, Pune and Hyderabad.
Factors that have led to rapid growth in data usage and storage, increasing the demand for data centre space are fast expanding ecommerce sector, use of smartphones and social media, government’s focus on digital economy and rise in technology-driven startups.
In addition, entry of several global cloud service providers is also adding to space take-up, the report adds.
To meet the rising demand arising from data localisation and rising data usage, data centre industry capacity is projected to increase by additional 431 MW (megawatt) in the next five years from the current levels of 350 MW in 2018-19.
This expansion is expected to provide a greenfield investment opportunity of $ 4.1 billion in setting up data centres, the report estimates.
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