It anticipates a significant surge in demand for storage capacity and cloud computing due to the rapid increase in internet access.
The report suggests that the post-COVID period has led to substantial growth in the Indian data center market, attracting investments of up to $7 billion since 2020.
By the end of August 2023, Hyderabad, along with seven other cities, is projected to have data centers covering an area of 1.1 crore sq.ft with a capacity of 819 megawatts.
The report predicts that by 2026, the data center market will expand to 2.3 crore sq.ft with a capacity of 1800 megawatts.
Investors are showing interest in stable income and reliable returns, contributing to investments in data centers.
International investors and developers are actively collaborating with operators for the establishment of data centers, particularly in underserved markets.
Developers are resorting to land banking strategies and implementing land banking structures to secure future locations for upcoming projects.
Developers are strategizing land banking maneuvers in struggling markets, aligning spaces for future projects and implementing land banking strategies in response to site constraints, as per the report's disclosures.