About the Summit

BW Businessworld is pleased to present 2^nd BFSI Datacenter & Cloud Summit on 26 July 2018 at Mumbai. The conference will be a dynamic forum for senior executives of leading enterprises to understand and formulate strategies to enhance their datacenter infrastructure in line with their business needs.

There is a huge growth in the Indian data center market. According to Gartner, India became the second fastest growing market in APAC last year. The current data center market in India is valued at $2.2 billion, and is expected to touch US$4.5 billion mark by 2018. Main drivers for this huge increase are growth in data and digital intelligent devices, digitalization and also the government’s Digital India campaign. India is among the world’s fastest-growing economies, with an average annual GDP growth rate of 5.8 percent over the past two decades. It is also the world’s second most populous country, and is on track to overtake China in terms of population around 2022.

According to Source, the IT industry is the largest private-sector employer in India, and IT services are emerging as one of its most important exports. Such services require data centers to operate – as a result, India is set for rapid expansion of its digital infrastructure footprint. According to 451 Research, 84 percent of the country’s data center supply is currently concentrated across its five largest markets: Mumbai, Chennai, New Delhi, Bangalore and Pune.