Bengaluru, May 28 || India’s data centre (DC) market capacity across top seven cities is expected to cross 4,500 MW by 2030, attracting investments to the tune of $20-25 billion the next 5-6 years, a report showed on Wednesday.
This is likely to translate into real estate footprint of around 55 million square feet in the next 5-6 years, according to the report by Colliers.
DC capacity has grown over 4 times times in the last 6-7 years and stands at 1,263 MW (as of April). This growth is driven by the surge in demand for digital and cloud services, increasing adoption of artificial intelligence (AI) and Internet of Things (IoT), and higher internet penetration, supported by favourable government policies.
At the city level, Mumbai continued to account for majority of the DC capacity with 41 per cent share, followed by Chennai and Delhi-NCR at 23 per cent and 14 per cent, respectively.
This rapid expansion in capacity has resulted in over 3X times increase in real estate footprint over the last 6-7 years, across top seven DC markets of the country, taking it to 16 million square feet, the report mentioned.
“India is becoming a global DC hotspot, fuelled by rapid digitalisation, data localisation norms and strong government support,” said Jatin Shah, Chief Operating Officer, Colliers India.