Netmagic bets big on innovations; says India witnessing unprecedented data center wave

One of the most well known names in the Indian data center market, Netmagic Solutions, is in the eye of a perfect storm. The Indian data center market is witnessing an unprecedented boom. A number of factors are fueling this boom. Firstly, India now has a government that is extremely keen to transform the nation digitally. With a project overlay of Rs 1 lakh crore, and an ambitious target of providing broadband connectivity to 2.5 lakh villages and making many schools Wi-Fi-enabled by 2019, the focus on digital can lead to a huge demand for data centers. Netmagic, which was one of the first focused players in India to see the huge potential of India as a rising market for data centers, is now enjoying the fruits of its hard work put in during the initial years.

 

Comments Sanchit Vir Gogia, CEO, Greyhound Research, “Greyhound Research believes that with a focused approach to tap and provide services for eCommerce clients like Flipkart and Hungama, Netmagic will witness strong growth as more Internet-centric businesses grow. According to our research, the Indian Data center market can expect at least Rs 10,000 crore investments in the next three years. We believe Netmagic’s decision to expand their business by setting up its largest data centre in Mumbai with an investment of Rs 700 crore is a progressive step towards capturing the market and will help them to gain an edge over their competitors.”

 

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