In this video:
Benjamin Issac, Data Center Lead – Capital Markets, JLL
Topic: State of the Indian Data Center Industry – Growth Drivers & Future Trends
Key Highlights:
[1] Apart from existing demand growth, AI is a significant growth driver, with cloud service providers (CSPs) rethinking their strategies to accommodate this new demand growth.
[2] Emerging technologies like AI and 5G are poised to fuel a rapid expansion in India’s data center market, with a projected compound annual growth rate (CAGR) of 23% over the next decade.
[3] Certain regions, particularly Navi Mumbai and Chennai, are set to become key data center hubs due to their land availability and preparedness for AI-driven demands, signaling future growth hotspots.
[4] The demand landscape is primarily dominated by hyperscalers, but significant contributions are also coming from sectors like banking, financial services, and insurance (BFSI), as well as media and entertainment, driven by increased online activity.
[5] The Indian data center industry faces critical challenges, including integrating renewable energy, ensuring efficient power distribution, and addressing the ongoing shortage of skilled professionals required to maintain and expand operations effectively