In India, public cloud services will continue on the high-trajectory path. According to research firm Gartner, the public cloud services market is on course to grow by 35.9% in 2016 to a total of $1.3 billion. The sector has gained momentum in the already booming market. Buoyed with infrastructure development and policy initiatives such as Digital India, the segment is riding a wave of upsurge as far as the cloud market in the IT sector is concerned.
“The overall global public cloud market will mature, and its growth rate will slightly slow down from 17.2% in 2016 to a 15.2% increase in 2020,” said Sid Nag, research director at Gartner. “While Brexit and other growth challenges exist, some segments such as financial SaaS applications and the PaaS user markets will still see strong growth through 2020.”
The developments are in tune with most predictions. According to another study conducted by Deskera, a global cloud-based business software provider, the Indian public Cloud market could hit $1.75 billion by 2017.
“As buyers intensify and increase IaaS activity, they will be getting more for their investment: ongoing enhancement of performance, more memory, more storage for the same money (which will drive increases in consumptions) and increased automation in traditional IT outsourcing (ITO) delivery,” said Nag.
As the shift from legacy services to cloud-based IT services gets more pronounced, cloud services would grow as increasingly greater number of organizations continue to pursue digital business strategies. The development is a step in the right direction for the IT industry, on the whole, as enterprises explore ways and means to cut costs, improve bottom lines, and make data a non-negotiable as far as security issues are concerned. The development would also augur well for software application developers.
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.
Global companies such as 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.
Perhaps, it is time for enterprises to take a step in the right direction and adopt cloud.