Why server stacks are the new realty play
Live MintNEW DELHI : The ochre and steel-coloured building in a dusty industrial area of Noida has no signboard. “In the past year, the uptake of data centres accelerated primarily because of the covid-19 environment," Rishu Sharma, principal analyst, Cloud and AI at IDC India, a technology advisory firm, said. I see robust growth over the next few years—at least 18% a year," Sharad Sanghi, CEO of NTT Ltd in India, a data centre company, said. Among the older data centre companies are Sify, STT GDC India and CtrlS Datacenters Ltd. Then there’s global “hyperscalers" or companies like Amazon Web Services and Microsoft who have been offering their cloud computing services through Indian data centres since 2015-16. Over the next 10 years, by 2030, we would need about 30 million sq ft of data centre space in India and 50 million sq ft in another 10 years," he projected.