India Cloud Computing Market Future Outlook Archives

India Cloud Computing Market Share 2023- Upcoming Trends, Revenue, Growth Strategy, Business Challenges, Opportunities and Future Competition Till 2033: SPER Market Research

The distribution of computer services, such as storage, processing power, software, and more, over the internet is referred to as “cloud computing”. By enabling users and organizations to access and use these resources on-demand from remote data centers, it eliminates the need for physical hardware and provides scalability, cost-efficiency, and flexibility. Cloud services are classified into Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS).

According to SPER market research, ‘India Cloud Computing Market Size- By Service, By Deployment, By Enterprise Size, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the India Cloud Computing Market is predicted to reach USD 35.15 billion by 2033 with a CAGR of 18.54%.

Drivers:

Businesses implementing digital transformation projects quickly in an effort to increase their efficiency and competitiveness are the main drivers of the market’s growth. Businesses and individuals alike are realizing the benefits of utilizing cloud services, which allow them to run apps, store and retrieve data, and communicate online without having to invest in or manage complex IT infrastructure. The cloud offers flexibility and cost savings in addition to the ability to scale resources up or down as needed. The increasing demand for online services, digital transformation, and remote work solutions has led to an increase in the use of cloud technology by businesses to meet evolving customer expectations and remain competitive.

Challenges:

However, the growing threat of cyberattacks severely limits the potential for growth of the Indian cloud computing industry. These threats impede the growth and potential of the cloud market. Businesses and organizations find it challenging to completely trust cloud services because of this pattern. To counter these threats, robust cybersecurity measures need to be put in place. Resources that are currently being diverted are ones that could have been used to improve and grow cloud services. This makes it challenging for cloud computing to expand quickly and gain widespread traction. This situation limits the benefits of cloud computing and emphasizes the necessity for India to collaborate and strengthen its cyber defences.

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Impact of COVID-19 on India Cloud Computing Market

The COVID-19 pandemic had a profound impact on India’s cloud computing market, fundamentally altering the way both businesses and individuals engage with technology. With lockdowns and social distancing measures in place, there was a swift pivot toward remote work and online activities. Cloud computing became a lifeline, enabling businesses to swiftly adapt by providing the tools and infrastructure for remote work and ensuring business continuity. The increased demand for cloud solutions extended to education, healthcare, and e-commerce, where the technology facilitated remote learning, telehealth services, and seamless online shopping.

India Cloud Computing Market Key Players:

Additionally, some of the market key players are Clogeny Technologies Private Limited, Ctrls Datacenters Limited, Infosys, iNube Software Solutions Pvt Ltd, Tata Consultancy Services, Wipro Limited.

India Cloud Computing Market Segmentation:

The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.

By Service: Based on the Service, India Cloud Computing Market is segmented as; Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS).

By Deployment: Based on the Deployment, India Cloud Computing Market is segmented as; Hybrid, Private, Public.

By Enterprise Size: Based on the Enterprise Size, India Cloud Computing Market is segmented as; Large Enterprises, Small & Medium-sized Enterprises (SMEs).

By End User: Based on the End User, India Cloud Computing Market is segmented as; BFSI, E-Commerce, Energy & Utilities, Government & Public Sector, Healthcare, Manufacturing, Media & Entertainment, Telecom & IT, Others.

By Region: This research also includes data for East India, North India, South India, West India.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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India Cloud Computing Market Future Outlook

South Korea Cloud Computing Market Size- By Service, By Workload, By Deployment Mode, By Organization Size, By End-User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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India Cloud Computing Market Size, Share, Growth and Analysis Research Report 2021 -By Service Model, By Deployment Model, By Workload, By End-User Industry, By Region – Growth Opportunity, Future Outlook, Segment Forecast to 2027: SPER Market Research

The introduction of emerging companies to tap into AI as Artificial Intelligence and machine learning allows cloud growth by empowering companies to tap into AI capabilities. The COVID-19 pandemic has featured as a proficient challenge for the international economy. Cloud computing can assist enterprises to survive the business continuity challenges presented owing to the lockdown, social distancing, work from home, and several other mandates affecting the market. However, managers, businesses, and employees continue to opt for remote functioning owing to the pandemic, distant working has emerged as the latest trend and is predicted to continue during the long term.

According to the SPER market research, ‘India Cloud Computing Market by Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS)), by Deployment Model (Public, Private, and Hybrid), by Organization Size (Small and Medium-Sized Enterprises, and Large Enterprises), by Workload (Application Development and Testing, Storage, Backup, and Disaster Recovery, Database Management, Business Analytics, Integration and Orchestration, Enterprise Resource Management, and Collaboration and Content Management), By End-User Industry (BFSI, IT and Telecommunications, Government and Public Sector, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Media and Entertainment, Healthcare and Life Sciences and Others), and By Region (North India, South India, West India and East India)- Forecast to 2027’ states that the India Cloud Computing Market is predicted to rise over a CAGR of 20.61% during the review period. The key aspects are the ability of cloud computing to augment enterprise, decrease working costs, and operational capabilities that foster the business performances of the organizations.

In addition, the increasing adoption of emerging technologies, like Artificial Intelligence, big data, and Machine Learning in different industries, will positively impact the India Cloud Computing market size in the future. Nonetheless, an augment in spending on cloud-based services, business enlargements by large vendors around geographies to attain untapped customer base, the proliferation of the digital content and upsurge in usage of internet, and requirement for disaster recovery and contingency plans are also predicted to propel the market growth.

The growing aim on customer satisfaction, rising requirement for controlling functional expenditure, and requirement for controlling capital expenditure are some of the most prevalent aspects that are progressively propelling the growth of the India Cloud Computing market. Data security, speedy data recovery, and fulfilling compliance demand are foremost aspects that foster the requirement for the cloud computing services around the world.

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Furthermore, the increasing investments in the development of robust telecommunications and IT infrastructure is predicted to further propel the growth of the India Cloud Computing market during the review duration.

Based on geography, the India cloud computing market classified into North India, South India, West India, and East India. North India registered for maximum revenue share in 2019, due to the high acceptance of cloud computing in IT & ITeS, telecommunication, BFSI, Government, etc. to accomplish greater business agility and satisfy their clients.  

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