Executive Summary India’s data center market has surged from ~100 MW in 2010 to ~950 MW by 2024, driven by digitalization, cloud adoption, and policies like Digital India and RBI’s 2018 data localization mandate. Valued at USD 5.9 billion in 2023, the market is projected to reach USD 21.87 billion by 2032, with a CAGR of 13.37%. Mumbai and Chennai dominate with ~70% of capacity, while tier II/III cities like Ahmedabad and Lucknow are emerging. Key players, including CtrlS, Yotta, Nxtra, AWS, AdaniConneX, Microsoft, Google, Sify, Equinix, and NTT, drive competition, with hyperscale facilities leading growth. Power demand, currently ~1% of national consumption, could rise to 5–7% by 2030, necessitating renewable energy adoption. Opportunities include AI-driven demand, edge computing, and India’s low global capacity share (3% vs. 20% data production). Challenges like cybersecurity, talent shortages, regulatory complexity, and infrastructure gaps persist. Government incent...