Mumbai, April 10 (IANS). The Mumbai, Asia-Pacific (APAC) has emerged as one of the most competitive leasing markets for the data center in the region. This information was given in a latest report on Thursday.
The latest report of Knight Frank has also exposed Chennai as another emerging data center destination in India.
The city is attracting attention due to its strategic coastal location, which provides strong connectivity and flexibility from disaster. The city attracts hypersscalers and enterprise-grade operators looking for diversified infrastructure.
The 90 MW data center in Navi Mumbai has been developed to support hypersscalers like AWS.
According to Shishir Baijal, Chairman and Managing Director of Knight Frank India, “The data center industry in the country is experiencing great pace. This speed is being seen due to rapid digitization, policy support and increasing needs of cloud-based services.”
He said, “Cities like Mumbai and Chennai are emerging as a major center in the global data center map, which provides scalable infrastructure, power availability and strong connectivity. As the demand for hypersscalers and large enterprises is increasing, India is in a state to become a regional center for digital infrastructure investment.”
The Asia-Pacific (APAC) is expected to increase by 4,174 MW (32 percent) with an investment of 45.9 billion pounds.
Established centers like Tokyo and emerging places like Johor, Malaysia as well as Mumbai and Chennai are also seeing increasing interest.
Globally, the data center industry is expected to increase by 46 percent by 2027, which will increase the capacity by 20,828 MW. This expansion can increase by 177 percent by 2030, which has an estimated 229 billion pounds in capital expenditure.
North America remains a major global market, with a new capacity of 11,638 MW, which reflects a 54 percent growth rate and a capital of 128 billion pounds is being imposed to support this expected growth.
Europe, Middle East and 4,529 MW (44 percent) is about to expand in the Middle East and EMEA, which will require an investment of 49.8 billion pounds.
The report stated that European markets are experiencing changes towards centers such as matching and Madrid, mainly due to lack of electricity in main markets such as Frankfurt and London.
-IANS
SKT/ABM
