CRISIL reports Data centre market to grow to $4.5-5 bln by FY25
By MYBRANDBOOK
A study by CRISIL Research showed that the Covid-19 pandemic has been a catalyst for the growth of the Indian data centre industry is expected to boom with an annual growth rate of 25-30% to reach $4.5-5 billion by fiscal 2025.
The ratings firm said in a report, “The crisis accelerated the transition to the digital medium as almost all aspects of daily life – be it banking, education, or shopping – switched to the digital medium almost instantaneously, leading to a boom in India’s digital ecosystem.”
According to CRISIL, on account of Covid, the data consumption has seen a sharp 38% rise on-year in the first quarter of this fiscal. “Industry capacity, which stood at ~360MW in fiscal 2020, is expected to expand more than threefold to reach 1,100-1,200 MW by fiscal 2025 on the back of $4-5 billion investments announced over the past three years for both brownfield and greenfield expansion of projects,” it said.
CRISIL said the data centre expansion will be supported by growth in data volumes to support high growth in e-commerce, increase in usage of social media, greater preference for over the top (OTT) platforms, the government’s impetus to the Digital India initiative and rapid digitalisation of services across industries (Industry 4.0 and 5G).
The data centre industry has been largely concentrated in top 4 cities, with Mumbai, Delhi, Bengaluru and Chennai accounting for ~60% of total sites. In terms of number of players too the industry is highly concentrated.
The top 11 players account for more than 70% of the total revenue because of the high initial capex required to set up infrastructure and long payback period.
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