Emerging markets could become the next major growth hub for the global data centre industry, with planned projects nearly doubling current worldwide capacity, according to S&P Global Ratings. However, growth will depend on electricity supply, water availability, policies and infrastructure. India and other markets face rising pressure on power grids and resource management.
Emerging markets could become next major engine of growth for global data centre industry with planned developments amounting to nearly twice the size of current worldwide operating capacity, a report has said.
According to a report by S&P Global Ratings, growing opposition to data centre construction in developed economies is prompting operators to seek expansion opportunities elsewhere, potentially attracting substantial investment into digital infrastructure across emerging markets.
However, benefits are unlikely to be distributed evenly, it said and noted that the scale of investment and the pace of development will depend on factors including government policy, availability of natural resources and supporting infrastructure.
In addition, S&P has expected that the conversion of planned projects into operational facilities to vary significantly across regions and favouring countries with reliable electricity grids, transparent permitting systems, access to renewable energy and adequate capital availability.
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