NetActuate expands India cloud presence

- The Indian cloud computing market is projected to grow from USD 37.11 billion in 2025 to USD 266.90 billion by 2034, expanding at a compound annual growth rate of 24.51%. - Mumbai and Chennai are India's top two data center markets, together accounting for about 70% of the country's total capacity. Mumbai leads with approximately half of the nation's capacity due to its status as a financial hub and its proximity to undersea cable landing stations. - India's Digital Personal Data Protection Act of 2023 regulates the transfer of personal data outside the country, giving the government the ability to restrict data flows to certain nations. This policy, along with specific mandates for sectors like finance, increases the demand for in-country cloud infrastructure to ensure compliance. - NetActuate's ONE platform is an Infrastructure-as-a-Service (IaaS) offering built on open-source software that allows customers to manage a mix of public cloud, private cloud, virtual machines, and bare metal deployments from a single portal. - This is not NetActuate's first entry into India; the company has had a presence in the country for over a decade and launched its Chennai data center before expanding to Mumbai. - The Chennai data center provides strategic value as it houses landing stations for major submarine cables, including SEA-ME-WE 4 and i2i, offering direct, low-latency connectivity to markets in Asia, the Middle East, and Europe. - Driven by AI and cloud adoption, India's data center capacity is expected to more than double by 2026, requiring an estimated investment of around $30 billion by 2030.