Generation of data is directly proportional to the growth of business. Since the Indian economy has been growing at a healthy pace, at par with the global trend; it is obvious that business in India is growing rapidly; particularly in the growth-related sectors such as banking, telecom, BFSI, IT, social media, insurance and the government. Therefore, data center companies find growing market in India. The ‘Make in India’ and ‘Digital India’ programs sponsored by the government of India are poised to generate more and more technology-based startups.
Larger corporate sectors, telecom providers, financial institutions and e-commerce organizations are making their own facilities for data storage needs. Yet, there are a number of small and medium-sized enterprises that need data center hosting providers that can ensure quality, continuity and agility. As a result, data center consolidation, cloud and mobility along with virtualization have large scope for growth.
With the auction of spectrum and the rolling out of national Optical Network, there will be increased demand for data center solutions and infrastructure. During his last visit to India, Satya Nadella, CEO, of Microsoft has expressed his intent to spend Rs 1400 crores to set up three data centers; one each in Mumbai, Pune and Chennai. Similarly, other giants such as IBM, HP, SAP, Amazon, Google, VMware too are expecting good potential for data center market. IBM has already started a 30,000 sq ft cloud center in Airoli, Mumbai.
Other reasons attributable to the growing data center market in India are the growing prevalence of 3G, connectivity of broad bands and the disruptive technologies such as cloud and virtualization. There are enterprises that combine their cloud-based services like collaboration, analytics and communication for better understanding their target customers.
MNC players are eying upon data center space and focusing on cloud storage for accomplishing secured applications. Outsourcing of data center requirements by banks and government have added to the potentialities of data center in India and it is expected that the data center and co-location business in India will touch $1.3 billion. The exemplary initiatives taken by Indian government are the key drivers behind the growing data center market in India.