Mind And perfection
Cloud computing is a type of distributed computing, which refers to the decomposition of massive data computing processing programs into countless small programs through the network cloud. Then through a system composed of multiple servers to process and analyze these and the applet gets the result and returns it to the user. Through this technology, anyone can complete the processing of tens of thousands of data in a short time (a few seconds), thereby achieving a powerful network service.
The cloud service mentioned at this stage is not just a distributed computing, but a result of the hybrid evolution and leap of computer technologies such as distributed computing, utility computing, load balancing, parallel computing, network storage, hot backup redundancy, and virtualization.
The India cloud computing market estimated to grow over a CAGR of 20.61% during the forecast period. The growth of the market can be attributed to the rise in automation and agility, the need to deliver enhanced customer experience, and increased cost savings and return on investment. Further, the rising digital transformation among industries, rising penetration of the internet, and mobile devices will propel the Indian cloud computing market size. The surge in the adoption of the Internet of Things, edge computing, 5G, use of real-time analytics enabled by Artificial Intelligence (AI) and Machine Learning (ML) will foster the growth of the cloud computing market. The surge in demand for cloud computing as the infrastructure is provided to the user in an on-demand manner, security, data availability, and privacy will positively impact the India cloud computing market.
Moreover, the growing usage of cloud computing services by companies to form the basics of storage, processing, and networking power through artificial intelligence and natural language processing is projected to drive India to cloud computing market size. Also, cloud computing enables the exploitation of data in order to sustain business conclusions while maintaining the IT cost down will propel the Indian cloud computing Industry.
As cloud computing applications become more frequent, many organizations are beginning to evaluate cloud application cases where applications are moved to cloud computing. As enterprises grow, businesses and applications continue to increase, and the scale of IT systems is increasing. Enterprises establish a flexible and dynamic infrastructure and application environment that can reduce costs, have intelligent and safe features and can adapt to the current business environment, to respond more quickly to changes in the business environment, and reduce data center operating costs.
Cloud computing has high-efficiency computing capabilities. Adding cloud computing functions to the original server can quickly increase the speed of calculation. Most IT resources, software, and hardware on the market currently support virtualization, such as storage networks, operating systems, and development software and hardware. Virtualization elements are managed in the cloud system resource virtual pool, which shows that the compatibility of cloud computing is extreme. Not only can it be compatible with low-configuration machines, hardware products of different manufacturers, but also peripherals can obtain higher performance computing. Users can use the rapid deployment conditions of application software to more easily and quickly expand the existing services and new services they need.
The recent outbreak of a pandemic, COVID-19 has austerely impacted the economies worldwide. Major cities in India under lockdown with operations of industries being temporarily suspended. Thereupon, the employees across various industries, primarily dependent on IT services, have to work remotely to keep the businesses moving. Cloud computing can enhance access to data services and improve the connectivity between people and businesses on a global scale.
Based on the service model, the India cloud computing market classified into infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). The infrastructure as a Service (IaaS) dominated the India cloud computing market with the highest market share in 2019. The growth of the segment can be attributed to the IaaS help in enterprises to leverage their IT infrastructure without paying for the construction of the physical infrastructure and provide facilities of automated administrative tasks, dynamic scaling, platform virtualization, and network connectivity.
Software as a Service (SaaS) will witness steady growth in the coming years due to its flexible costs, easy maintenance, and deployment.
Based on the deployment model, the India cloud computing market segregated into Public, Private, and Hybrid. The Hybrid cloud computing segment accounted for the major market share in 2019. It is due to the rise in the user and resource mobility, ongoing migration of applications over the cloud, and the emergence of more sophisticated threats are key factors for the adoption of hybrid cloud by the organization.
Public Cloud Computing will grow at a significant rate in the forecast period. It is owing to the services offered by the public deployment model is lower cost under a subscription model, and it benefits the organizations such as simplicity and ease of deployment.
Based on organization size, the India cloud computing market bifurcates into Small and Medium-Sized Enterprises and Large Enterprises. The small and medium-sized enterprises segment accounted for the largest market share in 2019 attributable to cloud computing providing benefits including seamless scalability, flexibility, pay-as-you-go payment model, reduced operational costs, and customized offerings as per business requirements.
The Large Enterprises segment will grow with a substantial rate during the forecast period owing to the benefits of cloud computing, such as lower operating costs, better collaboration, increased flexibility, and improved time to market.
Based on workload, the India cloud computing market categorized into application development and testing, storage, backup, and disaster recovery, database management, business analytics, integration and orchestration, enterprise resource management, and collaboration, and content management. The enterprise resource management segment held for a significant market share in 2019 and will witness to gain maximum market revenue by 2027. It is attributable to the ERP help in providing benefits such as simplicity and low cost of ownership due to the multi-tenancy model over various cloud solutions.
The application development will grow with a lucrative rate during the forecast span on account of the massive surge in demand for applications over the cloud in various industry verticals across India, along with the rise in penetration of internet and mobile devices.
Based on the end-user industry, the India cloud computing market segmented into 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. The BFSI held higher market potential in 2019. It is attributed to growing adoption for cloud computing by BFSI for storage and management of customer data, and it provides benefits such as interoperability, secure storage, and 24×7 uptime,
The manufacturing segment exhibits a lucrative market share in 2019 and expected to generate significant revenue during 2020-2027. Due to cloud computing help in the manufacturing industry in managing services, planning enterprise resources, handling supply chain management, and storing information related to enterprise manufacturing.
Based on geography, the India cloud computing market segmented into North India, South India, West India, and East India. North India estimated to occupy the lion’s share in the cloud computing market by 2027. It is owing to the availability of skilled labor, presence of enterprises with advanced IT infrastructure, availability of technical expertise, and demand of cloud computing in BFSI, IT and telecommunications, and government and public sector.
South India occupied a prominent share of the cloud computing market due to the growth of e-commerce, healthcare & life sciences, travel, hospitality retail, the manufacturing industry in this region.
Companies such as AWS, Microsoft, Google, Alibaba, SAP, IBM, Oracle, VMware, Rackspace, Salesforce, Adobe, Verizon, CenturyLink, Fujitsu, NTT Communications, Cisco, Dell, Equinix, HPE, Cyrusone, Digital Realty, Lenovo, Tencent, SAP, Cloudbees, Workday, Infosys, Accenture, Capgemini, TCS, AT&T, T-Mobile, Vodafone, Wipro, Zenith InfoTech, Wolf Frameworks, OrangeScape, Cynapse, and Synage, are the key players in the India Cloud Computing Market.
By Service Model
By Deployment Model
By Organization Size
By Workload
By End-User Industry
By Region
India Cloud Computing Market