Indian data center market is witnessing robust growth in the era of virtualization and cloud computing. The data center market in India is expected to grow at 12% compound annual growth rate (CAGR) from 2019-2024 according to the Synergy Research Group.
The increased use of data consumption and internet bandwidth in the country is primarily driven by expanding the reach of social media and increased use of smart devices. With more and more Indian companies expected to embark on their digital transformation journeys, McKinsey has identified India as the second fastest-growing digital economy and projected that IT and communications sector will double in size by 2025 to contribute $ 355-435 billion to the GDP. COVID-19 led lockdown has accelerated the usage of data resulting in increased…
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