Data centre business to double by 2024, demand to help real estate: Reports

Investments in data centres expected to surpass $20 billion by 2025, with smaller cities gaining too

Data centre companies will double their business by 2024 and increasing need for their services will help real estate, said two reports on Tuesday.

Data centre capacity was at 637 megawatt (MW) in the first half of 2022: a 16 per cent rise compared to 551 MW in 2021, said a report by JLL. Mumbai, Bangalore and Chennai comprise 75 per cent of India’s data centre market. The rest is in Delhi-NCR, Pune, Hyderabad, and Kolkata.

Mumbai is expected to lead storage addition, followed by Bangalore, Chennai, and Delhi-NCR. Data centre (DC) investments are expected to cross $20 billion by