India's data centre market to grow 21% to reach 3,400 MW by 2030
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Moreover, the data centre market in the country is likely to grow at a compound annual growth rate (CAGR) of 21 per cent between 2024 and 2030 to reach 3,400 MW IT by that period, according to Savills India, a leading global real estate advisory firm.
In 2024, India witnessed an absorption of 407 MW IT capacity and the addition of 191 MW IT capacity across key cities.
The demand for data centres in the country continues to rise, driven by factors such as the increasing adoption of cloud computing, the expansion of big data, the Internet of Things (IoT), Artificial Intelligence (AI), and the rapid growth of e-commerce and digital transformation initiatives.
This demand was fuelled by hyperscalers, BFSI (banking, financial services, and insurance), IT and ITeS, and service sectors, all of which heavily rely on data centre operators for colocation and related services.
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