Summary:
India's data centre sector has grown to an estimated worth of Rs. 85,580 crore (US$ 10 billion), generating around Rs. 10,270 crore (US$ 1.2 billion) in revenue for FY24, according to a report by Anarock Capital. Four key operators dominate this industry, capturing 78% of the total revenue. Although profit growth stagnated after 2020, it is projected to rebound with a 50-55% increase as ongoing projects become fully operational. By FY24, the sector attracted capital investments worth Rs. 35,944 crore (US$ 4.2 billion), with Rs. 22,251 crore (US$ 2.6 billion) in equity and Rs. 20,539 crore (US$ 2.4 billion) in debt. Over the past ten years, private equity, joint ventures and acquisitions have contributed investments exceeding Rs. 55,627 crore (US$ 6.5 billion).The sector's capacity expanded by 139%, reaching 1.4 gigawatts (GW) in 2024, up from 590 megawatts (MW) in 2019. This surge corresponds with India's increased internet penetration, which climbed to 55.2% in 2024 from 33.4% in 2019.
Data consumption patterns also shifted significantly, with average monthly usage per user doubling from 11.5 GB to 21.1 GB, while smartphone mobile data traffic more than doubled from 13 GB to 32 GB. cMumbai and Chennai remain pivotal to the industry, collectively accounting for about 70% of India's IT power capacity. Mumbai alone holds a 49% share, followed by Noida (9%), Bengaluru (8%) and Pune (5%), contributing to a 76% overall occupancy rate. Additionally, land acquisitions for hyperscale data centres have risen, with Hyderabad leading at 69% of the 440 acres acquired in the last five years, trailed by Mumbai (22%) and Pune (9%). The sector's continued growth reflects a dynamic and rapidly evolving digital infrastructure landscape in India.
Source: IBEF
Disclaimer:
The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness and usefulness.