In the first half of 2024, the number of data centres in India have grown by 21%, revealed a report by Savills.
The study also highlighted that Mumbai holds 54.9% of the total data centre capacity in India. Chennai follows with 12.3%, Bengaluru with 8.2%, and Pune with 7.2%.
Between January and June 2024, the country saw an increase of about 71 MW in IT capacity across key data centre markets. During this period, transactions involving approximately 200 MW of IT capacity took place. The survey indicates a growing demand for edge data centres in Tier-II and Tier-III cities. These smaller facilities are located close to their users.
Compared to the same six-month period last year, India's overall stock of data centres rose from 778 MW to 942 MW, marking a 21% year-over-year growth. Since 2014, the total capacity has grown at a compound annual growth rate of 22%. In 2014, it was 158 MW.
Demand for colocation and related services is primarily driven by hyperscalers, BFSI, IT and ITeS, and service sectors. These industries heavily depend on data centre operators.
Although supply is expected to reach 350 MW, operators are expanding their services to include networking, cloud solutions, specialised hardware, and other managed services.
The report notes that enterprises control 10% of the equity, with hyperscalers holding 22%. Enterprises and hyperscalers together account for the remaining 68% of usage, reflecting diverse usage patterns in the sector.
The expansion is driven by the need for ultra-low latency for mobile devices, the advent of 5G, and increasing internet traffic, which also boosts demand for edge data centres in certain locations.
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