Investments in data centers to cross $ 20 billion-mark by 2025, indicates study undertaken by the CBRE South Asia Private Limited. The organization released a report recently on the topic: Data Centers in India: Powering of real estate in data high era.” The report identified growing digitalization, strong government policies, OTT, online gaming, increased use of smart phones, e-commerce, online schooling, machine learning, 5G block chain, artificial intelligence have been contributing to growth of data centers.
Data centers occupied nine million sft with a capacity of 600 plus MW capacity in the first half of 2022, the report said predicting doubling of the data centers by 2024. The share of Mumbai in data centers is 48 per cent, while the share of Bengaluru is 16 per cent. Chennai’s share of data centers is 9%. The three cities together occupy 75% share of the data centers.
The balance of 25 per cent of the share is occupied by Delhi, Pune, Mumbai and Kolkata. “As digitalization revolutionized all sectors of economy, data centers emerged as a huge alternative to real estate. In this back drop, the data centers will continue to grow. We expect that they spread to tier-2 and tier-3 towns,” according to CBRE South-East Asia Chairman Anshuman Magazine.
