India’s Cloud market on a high, pegged at $1.75 billion by 2020
Cloud services in India continue to tread the high-trajectory growth, gaining more momentum with the already booming market. Coupled with infrastructural development and policy incentives, the new wave is riding high on the surging market sentiment in the IT sector.
The public Cloud services market in India is projected to grow 30.4 percent in 2016 to a total of $1.26 billion, according to Gartner, Inc., a global research and Analytics company. The highest growth is expected to come from Cloud system infrastructure services (infrastructure as a service ), which is projected to grow 32.5 percent in 2016, with platform as a service (PaaS) projected to grow 31.7 percent. PaaS is forecast to grow 31.7 percent in 2016, to $82.1 million.
“We are witnessing a shift from legacy IT services to cloud-based services. Cloud services are growing due to organizations pursuing a digital business strategy,” said Sid Nag, research director at Gartner.
According to a study conducted by Deskera, a Cloud-based business software provider in the Asia-Pacific region, the public Cloud market in India is predicted to hit $1.75 billion by 2020.
“This is a development which is the direct result of enterprises looking to improve and shape applications on public Cloud. The development in PaaS will be a step forward for the IT industry, in general, and software developers, in particular. Cloud gives one ample opportunities to innovate and reduces cost of doing business,” said Brajesh Sachan, Chief Technical Officer, Deskera.
The predictions are a reflection of the growth in IT infrastructure in India, which has been exponential in the past few years. There has also been a tremendous increase in the reach of technology, with the common man getting increasingly tech-savvy as Internet access spreads to more and more consumers through smartphones. The government’s Digital India and Make in India initiatives have also prepared the ground for the augmentation of the growth in the sector.
Biggies such as Microsoft, IBM eye the Indian market
Global companies have been taking increasing interest in the rapidly expanding Indian market and have been reaping rich dividends from their investments. Amazon’s Cloud service arm, Amazon Web Services, and Microsoft have already been consolidating their presence in the Indian market and establishing data centers across the country. According to reports, Alibaba is also planning to strengthen its Cloud-based business by opening a data center in India this year. Similarly, Microsoft’s Cloud business has grown by 120 percent, with its global cloud infrastructure supporting over 1 billion customers.
With the number of customers and enterprises increasing rapidly internationally and Indian infrastructure coming at par with global standards, it is no longer a matter of choice but of time as to when the Cloud would conquer all.