India's technology services sector is expected to see strong AI-led growth, with end-user spending on public cloud services projected to surge 28.1 per cent year-on-year to USD 17.5 billion, according to Equirus Securities.
Globally, the AI boom is driving a rapid expansion of colocation data centres, with demand projected to nearly triple from around 82 GW in 2025 to about 220 GW by 2030, as per Equirus. Furthermore, "AI workloads are projected to account for around 70% of total data center demand by 2030, making access to power, advanced chips, and fast project execution the key competitive differentiators," it said.
