NEW DELHI: The data canter market in India, which includes storage, servers and network equipment, is expected to reach $2.1 billion by the end of 2015, growing at 5.4% over the previous year.
The market, however, is likely to touch $2.45 billion by the end of 2020, growing at a CAGR of 3.72%, according to Infoholic Research.
The network equipment segment is the largest segment of data center market by value with a major share of 46.6% followed by the servers and storage segments with a share of 33.1% and 20.2%, respectively.
The data center storage segment is expected to grow at a CAGR of 5.16% during the period 2015-2020.
“The market is largely driven by the key verticals such as manufacturing, Banking, Financial services and Insurance (BFSI),” said Tariq Shaik, Research Operations, Infoholic Research.
“The data center market penetration in BFSI and manufacturing is expected to be more than 50% by the end of 2015. The increased amount of data in BFSI, need to optimize the rate of production and efficiency in manufacturing sector are expected to drive the data center market in India from (2015-2020),” he said.
While the market as a whole has been growing at a reasonable rate, it has been the storage segment which has grown most impressively compared to servers; network equipment segments. On the other hand, the key trends in Indian market includes virtualization and consolidation, green computing are impacting the landscape while the emerging trends such as data, data center in a box, network convergence, center automation and usage of Ethernet are expected to bring new trends in Indian data center market.