5 Reasons India Will be a Global Hub for Data Centers by 2020
India is in the midst of a huge technology shift. Digital transformation is enabling Indian firms to transform their business models. In a consumption led economy, business models such as Ola, Uber, Swiggy are changing the way services are being delivered and consumed. When you juxtapose this with India’s demographic capital (said to be the youngest in the world), you will find a market that is one of the one of the fastest growing in terms of data consumption. A report by IAMAI for instance, estimates that digital data consumption in India is expected to increase at twice as fast as the worldwide rate from being 40,000 petabytes in 2010 to 2.3 billion petabytes by 2020. The Indian datacenter infrastructure market is valued at $2.2 billion and is poised to be the second largest market for datacenter infrastructure within the Asia/Pacific region by 2020.