India’s Data Centre & Cloud services Market is expected to grow at a CAGR of 11% by 2024. Will the Projections justify the growth rate? Ken Research

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Indias Data Centre Cloud services Market is
expected to grow at a CAGR of 11 by 2024. Will
the Projections justify the growth rate? Ken
Research A massive market opportunity of 2000
Mn is present for the Data Centre Cloud service
market in India owing to government initiatives,
increasing investment cloud adoption, says a
report by Ken Research 1. Government Initiatives
to Bridge Gaps in Data Centre Industry via heavy
investment for development of DC Cloud
Services in India
Click to Read Full Article India Data Center and
Cloud Services Market The GOI is currently
focused on improving the data center cloud
services infrastructure. Agencies such as NITI
Aayog have been participating actively drafting
appropriate policies for market development.
NITI Aayog has drawn up a plan for creating an
institutional framework for artificial
intelligence (AI) in the country in the year
2019. It has circulated a cabinet note to
provide INR 7,500 Cr in funding for creation of
cloud computing platform called AIRAWAT and
research institutes. The INR 7,500 Cr investment
is for a period of 3 years to boost the research
adoption. Other such initiatives include
National Digital Communication Policy. 2.
Investment scenario getting a boost India Data
Centre Cloud services Market is getting
massive investment boost emergence of new
startups
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Sample Report Various companies operating in the
India Data Centre Cloud Services market are
getting massive investment influx owing to
government regulations the infrastructure
development. For instance, Amazon has recently
decided to invest 3 Bn to build its second data
centre region in India. Moreover, Alibaba Cloud
is also building its first data centre in India.
All in all, the market is currently growing at a
robust rate with startups companies showing
interest in entering the India market owing to
vast opportunities. 3. India is expected to be
the hub for data Centre market growth in the
upcoming years owing to massive investment flow.
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report India is witnessing an increased
investments from the co-location providers such
as CtrlS, Netmagic, Siffy, STT GDC India, Nxtra
and Others. The country is to witness a surge in
the demand for the data centre services owing to
the rising data in the country with a higher
adoption of digitalization by various industries
in next few years. Moreover, the emergence
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of 5G technology in India is likely to grow the
adoption of IoT-enabled products in the Indian
market further contributing to the development of
data centre industry. All in all, a robust
growth is expected in the upcoming years.