| Study Period | 2019 - 2031 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2031 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 13.44 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Mumbai Data Center Market Analysis
The Mumbai Data Center Market is expected to register a CAGR of 13.44% during the forecast period.
A data center is a specific area inside a structure or a collection of designs that house computer systems and related equipment, such as networking and storage systems.
- Mumbai is the most preferred destination for cloud players, with a 60% share of the occupied space due to its excellent infrastructure support. The city's strong demand is led by BFSI, media, and IT/ITes enterprises, resulting in high occupancy levels of 95%, for which the state has granted various incentives for establishing integrated data center parks.
- The growing adoption of cloud and digital services across various end-user industries further expands the B2B cloud computing service market's scope. Hence, for managed data center and colocation service market, Big data and IoT technology will expand investments in the data center market. Mumbai continues to attract the majority of data center investments as the city benefits from the availability of reliable power, cable handling stations, BFSI demand, a telecom hub, and the absence of any major natural threats.
- The need for cloud-based solutions has grown nationwide due to rising technological adoption and consumer preference for the cloud, allowing access to data from remote locations. As more businesses understand the value of saving money and resources by moving their data to the cloud rather than building and maintaining on-premise infrastructure, the demand for cloud-based solutions and, consequently, the adoption of cloud-based data centers nationwide has increased.
- Many data center companies need help entering the Mumbai market due to the high cost of data center establishment. Data centers that follow standard building codes for commercial buildings waste space and incur higher charges. In addition, factors including high real estate costs, spending on enhancing comprehensive area network connectivity, and rising equipment costs have added to the sector's already high CapEx.
Mumbai Data Center Market Trends
Smartphones To Drive the Market Growth
- The growing number of internet users, more significant usage of social media, increased smartphone penetration, increased acceptance of cloud services, and the necessity for organizations to shift from server room environments to data centers are the primary drivers of the data center industry.
- Organizations and institutions with high data volumes saw data centers as needed or motivated by compliance obligations. As broadband and mobile internet penetration increased at the client end, many services that utilized digital connectivity emerged, giving rise to the globe. Even among enterprises, the rising adoption of Cloud, AI, IoT, and automation technologies drives demand for data centers. Most public and private enterprises rely on dependable, always-on data center operations.
- India now has the world's highest mobile data consumption rate, with data consumption of 18 gigabytes per data subscriber each month. Wireless mobile data traffic in the country increased by 31% last year to 253 exabytes, owing to citizens' increased use of smart gadgets, leading to a significant surge in data usage. According to the report by TRAI, with more than 35 million mobile subscribers in Mumbai, the country's financial capital, which accounts for over half of the present data center capacity, is scheduled to add 300 MW by fiscal 2025.
- According to the report by JLL, Mumbai's data center capacity is likely to grow 2.65 times by 2023; the advancement of technology from 4G to 5G and the increase of mobile subscribers annually will drive the market during the forecast period.
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Tier 3 is Expected to Hold Significant Share of Market
- A hyperscale data center is a mission-critical facility capable of supporting resilient and scalable workloads. Hyperscale data centers are frequently linked with large corporations with extensive data processing and storage needs. Hyperscale data centers can house thousands of servers connected to the internet at fast speeds, triggering demand for Tier 3 data centers in the Mumbai Data center market.
- On May 2022, NTT Ltd. in India announced the opening of its first hyperscale data center facility, NAV1A, in Navi Mumbai. This brings NTT's data center presence in the country to 12 facilities, totaling more than 2.5 million square feet (232,258 m2) and 220 MW of facility power, solidifying its position as India's market leader. This announcement comes on the heels of opening a new data center on the company's Chandivali property. These are part of the company's anticipated USD 2 billion investment in 2020 to scale its infrastructure capacity to continue implementing its One NTT goal.
- On January 2023, Google secured a contract for an eight-story data center in Navi Mumbai. The search engine giant has signed a lease for a 381,000 square-foot (35,400 square meters) data center spread out in Navi Mumbai, and construction is expected to begin soon with a completion date of 2025. with this, this will be one of the biggest Hyperscale data centers in Navi Mumbai.
- January 2022, Yondr Group, a global pioneer in developing, owning, and operating hyperscale data centers, announced a strategic joint venture relationship with Everstone Group (Everstone). The first plant, located in the Mumbai Metropolitan Region and for which land and power have already been obtained, would supply 30MW by 2023 and 60MW of IT capacity when entirely constructed. With an initial capitalization of USD 1 billion, the joint venture will assist hyperscale clients and service the fast-rising Indian industry, which is expected to exceed USD 4.5 billion by 2025. The funds would be utilized to fund the construction and operation of multi-locational hyperscale data center businesses in key Indian areas.
- Digital Edge (Singapore) Holdings, the National Investment and Infrastructure Fund (NIIF), and AGP DC InvestCo (AGP) have formed a joint venture to build a pan-India portfolio of hyperscale data centers. The facilities will be known as Digital Edge DC, serving the country's continuing digital transformation and India's booming cloud economy. The partnership's first project is a $2 billion investment to build a 300MW hyperscale facility, one of the country's largest data centers. This will be built on a 47-acre property between Thane and Navi Mumbai, the country's largest data center hub with convenient access to infrastructure such as power and fiber connectivity.
- With data usage on the cloud, Mumbai will undergo a rapid digital transformation due to adopting cloud-based infrastructure, data localization, and other government initiatives, with highly reliable and unrivaled scalability hyperscale data centers. Mumbai is investing heavily in data center infrastructure as data usage grows.
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Mumbai Data Center Industry Overview
The Mumbai Data Center Market is semiconsolidated. Key vendors are utilizing inorganic growth techniques, such as mergers and acquisitions and strategic partnerships, to increase their market share. Some market players include NTT Data, Equinix, Nextra Data Limited, CtrlS, and STT Telemedia.
In March 2023, AWS opened a new AWS Direct Connect facility within the Equinix MB2 data center in Mumbai, India. By connecting the network to AWS at the new site, the organization will receive private, direct access to all public AWS Regions (excluding those in China), AWS GovCloud Regions, and AWS Local Zones. The new Direct Connect facility is India's ninth, and it provides dedicated 1 Gbps, 10 Gbps, and 100 Gbps connections, with optional MACsec encryption available at 10 Gbps and 100 Gbps speeds.
In January 2022, Colt planned to grow in India by building a new campus for data centers in Navi Mumbai. The complex is anticipated to have ten buildings, 40 data halls, and 40,000 square meters of white data center space spread across 62,000 square meters of land. The business also stated that the campus would have a 120 MW capacity. Phase one will provide 18MW. In the second quarter of 2023, the campus is scheduled to open.
Mumbai Data Center Market Leaders
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Sify Technologies Limited
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STT Telemedia
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CtrlS
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ESDS Software Solution Limited
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Reliance Industries
- *Disclaimer: Major Players sorted in no particular order
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Mumbai Data Center Market News
- Jan 2023: The company announced that Web Werks will open a new data center in Mumbai, India. The building, known as the Mumbai-2 data center, will have a 120,000-square-foot (11,150 square meters) footprint and a 10 MW capacity. Mumbai-2 DC will give enterprise customers the densest interconnection ecosystem in APAC, with 200+ ISPs, all major carriers, internet exchanges, cloud service providers, and content delivery networks. Mumbai-2 DC will complement the current Mumbai-1 DC.
- Mar 2022: According to plans revealed by energy provider ZR Power Holdings, a big data center will be developed at Mahape in Navi Mumbai with an investment of over INR 1,700 crore. This is an increase over the investment the Maharashtra government approved last year.
Mumbai Data Center Industry Segmentation
A data center is a physical room, building, or facility that holds IT infrastructure used to construct, run, and provide applications and services and store and manage the data connected with those applications and services.
The mumbai data center market is segmented by DC size (small, medium, large, massive, and mega), tier type (tier 1 and 2, tier 3, and tier 4), and absorption (utilized (colocation type (retail, wholescale, and hyperscale), end user (cloud and IT, telecom, media and entertainment, government, BFSI, manufacturing, and e-commerce)), and non-utilized). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By DC Size | Small | |||
| Medium | ||||
| Large | ||||
| Massive | ||||
| Mega | ||||
| By Tier Type | Tier 1 and 2 | |||
| Tier 3 | ||||
| Tier 4 | ||||
| By Absorption | Utilized | By Colocation Type | Retail | |
| Wholesale | ||||
| Hyperscale | ||||
| By End User | Cloud and IT | |||
| Telecom | ||||
| Media and Entertainment | ||||
| Government | ||||
| BFSI | ||||
| Manufacturing | ||||
| E-Commerce | ||||
| Other End Users | ||||
| Non-Utilized | ||||
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Mumbai Data Center Market Research Faqs
What is the current Mumbai Data Center Market size?
The Mumbai Data Center Market is projected to register a CAGR of 13.44% during the forecast period (2025-2031)
Who are the key players in Mumbai Data Center Market?
Sify Technologies Limited, STT Telemedia, CtrlS, ESDS Software Solution Limited and Reliance Industries are the major companies operating in the Mumbai Data Center Market.
What years does this Mumbai Data Center Market cover?
The report covers the Mumbai Data Center Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Mumbai Data Center Market size for years: 2025, 2026, 2027, 2028, 2029, 2030 and 2031.
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Mumbai Data Center Industry Report
Statistics for the 2025 Mumbai Data Center market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mumbai Data Center analysis includes a market forecast outlook for 2025 to 2031 and historical overview. Get a sample of this industry analysis as a free report PDF download.
