Sees strong potential to expand operations to key markets in Southeast Asia & Middle East
CtrlS Datacenters is expanding its presence beyond India and is planning to foray into several potential markets in Southeast Asia and the Middle East to build a connected future that will benefit enterprise customers and hyperscalers around the world.
The company is actively exploring opportunities in Saudi Arabia, UAE, Bangladesh, Thailand, Malaysia, and Vietnam to help its major technology customers scale with ease and create synergies and efficiencies. Through its group company, Cloud4C, the company already has presence in several of these markets, delivering agility, while leveraging local focus, and letting it respond faster to local consumer needs and dynamic market demands.
Elaborating on the company’s global expansion strategy, Sridhar Pinnapureddy, Chairman, CtrlS Datacenters Ltd, said, “We will make sure that we enter right markets at the right time. With data explosion, datacenters are at the centre of the digital transformation. We are thoughtfully making our moves. We will foray into these markets in a phased manner, and may enter into strategic ties with local partners wherever relevant.”
He further emphasized, “We aim to become the world’s largest Rated-4 datacenter company. While becoming so, we want to create world-class datacenter assets both in India and overseas. Our global datacenters will have a capacity in the range of 10 MW-50 MW.”
CtrlS President & Chief Business Officer Royce Thomas, said, “CtrlS is carefully evaluating potential global markets for foray. Southeast Asia and Middle East have emerged as our priority markets as digitalization is at its peak here. Several enterprises in these markets have drawn up their digital transformation roadmap, and CtrlS will enable them in their path.”
Research shows that the global DC market will grow over five percent CAGR between 2021 and 2030 taking the market size from $220 billion to over $340 billion, driven by exponential increase in data and initiatives taken by governments to promote digital economy, connectivity and infrastructure.