Prestige Estate Construction- Data Center evolution in India
Data Center evolution in India
A Data Centre (DC) is that the storehouse of all the computational infrastructures like servers, routers, switches, firewalls, and supporting backup equipment, like fire suppression facilities and air con . Data Center evolution in India it’s going to not are the centre of attraction so far , but it’s the backbone of each company’s information system .
The recent COVID-19 pandemic and therefore the subsequent lockdown resulted in an unexpected surge within the consumption of knowledge . consistent with the Department of Telecom (DoT), in April 2020, India’s internet consumption rose by 13% since the lockdown in only a month. This rise is thanks to the increased consumption of streaming content and Work From Home, which demanded more facilities for data storage, and this increased demand for storage is giving rise to the necessity for data centres across the state . As a result, India is witnessing a boom in data centres, due to the digitization era.
To trace back the evolution of knowledge centres in India, it’s essential to go back to 2007, where it all started with the introduction of the dot com era. A CBRE report states that the DC evolution in India are often categorized into four stages, as shown.
Data Centres in CRE
There was a 25-35% increase in data centre usage as India went into remote work. Pandemic and work from home acted as a catalyst to the adoption of digitalization. People started using online platforms to manage work. Daily work meetings shifted to phone calls and video conferencing, work chat moved to messages, and webinars increased in numbers. All this created the necessity for more data centres within the country — the government’s decision to form data localization mandatory further strengthened the longer term of knowledge centres.
The main drivers for DCs in India are:
- The Digital India campaign
- Increased internet consumption thanks to remote work
- The rise in fintech and other sectors along side cloud service providers
- The emergence of advanced techs, including IoT, AI, ML
The customer base for data consumption in these various fields is resulting in an increased opportunity for more data centres. Technology and automation will play a key role in driving the demand for DCs within the coming years.
This surge in data centres in commercial land demand is predicted to be met by metro cities like Mumbai, Hyderabad, Bengaluru, and Chennai, ultimately becoming the hotspots of the Indian DC sector. As power is that the most vital cost factor for running a knowledge centre, developers also are trying to find environment-friendly sources to determine a sustainable DC sector from its nascent stage.
Even for investors, this is often a replacement field to explore and is popping bent be a promising one. A Cushman and Wakefield report suggests that because the data storage scenario in India skyrocketed in 2020, it led to a surge in investment within the DC sector. The demand for hyper-scale data centres creates a requirement for DC parks, which investors are going to be curious about . The ‘new normal’ is predicted to witness an incredible growth story for data centres in India.
Additionally, the Hiranandani group states that investment in land works on two parameters – 1) capital appreciation over time and 2) the rental yields. Both these parameters are gaining investors’ attention from the worldwide market.
As the world progresses towards advanced 5G-enabled emerging technologies like IoT, Al, and ML, it’ll generate vast amounts of knowledge , creating more requirements for data centres. one among the recently completed 0.82-million sq. ft. DC in Navi Mumbai is Asia’s largest and therefore the world’s second-largest data park. this is often just an example of the huge scaling and growth potential of the DC sector in India. As businesses adopt more new technologies and digital data takes over, India’s need for data centres will rise, attracting more investments with steady and long-term returns.
Source: Data Centres: The Next ‘Charged Up’ Wave – CBRE
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