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.
Singapore to remove One-Time Passwords from Bank Accounts
According to the Monetary Authority of Singapore, clients who utilise secur...
Is 375 million Airtel subscribers database breached?
When a hacker claims to have accessed and put up for sale a customer databa...
The government of India intends to construct a single portal f
A single portal will be launched by the Indian government to list all of it...
OpenAI offers GPT-4o, a faster model available to all users at
GPT-4o, a faster and more sophisticated AI model, is made available to all...
Icons Of India : MADHABI PURI BUCH
Madhabi Puri Buch is the first-female chairperson of India’s markets...
ICONS OF INDIA : S KRISHNAN
S Krishnan as the secretary for the electronics and information techno...
Icons Of India : NIKHIL RATHI
Co-founder & CEO of Web Werks, a global leader in Data Centers and Clo...
TCIL - Telecommunications Consultants India Limited
TCIL is a government-owned engineering and consultancy company...
LIC - Life Insurance Corporation of India
LIC is the largest state-owned life insurance company in India...
DRDO - Defence Research and Development Organisation
DRDO responsible for the development of technology for use by the mili...
Indian Tech Talent Excelling The Tech World - Dheeraj Pandey, CEO, DevRev
Dheeraj Pandey, Co-founder and CEO at DevRev , has a remarkable journe...
Indian Tech Talent Excelling The Tech World - Sanjay Mehrotra, CEO- Micron Technology
Sanjay Mehrotra, the President and CEO of Micron Technology, is at the...
Indian Tech Talent Excelling The Tech World - Thomas Kurian, CEO- Google Cloud
Thomas Kurian, the CEO of Google Cloud, has been instrumental in expan...