Global India Cloud ComputingMarket- Upcoming Trends, Growth Drivers and Challenges – Forecast to 2020
.A new market
study, titled “Global India
Cloud ComputingMarket- Upcoming Trends, Growth
Drivers and Challenges – Forecast to 2020” has been featured on WiseGuyReports.
India cloud computing
market projected to fuelling its greater scalability, reduce storage and infrastructure
complexities, and increase business efficiency coupled with faster access to
infrastructure
The India cloud computing market estimated to grow over a
CAGR of 20.61% during the forecast period. The key factors are the ability of
cloud computing to increase enterprise, reduce operating costs, and functional
capabilities that boost the business performances of the organizations.
Additionally, the growing adoption of emerging technologies, such as big data,
Artificial Intelligence, and Machine Learning in various industry will
positively impact the India cloud computing market size in future periods.
India is the world’s fastest-growing mobile market, with 20 million subscribers
added every month. Over 500 million people belong to the middle class in India.
The products and services consumed by them are relevant to other emerging
markets. Further, the surge in demand for cloud computing in healthcare sectors
and social media facilitating the sectors to reduce their capital expenditure
and eliminating the cost of IT infrastructure will drive India to cloud
computing market share.
Moreover, the increasing adoption of cloud computing by large
enterprises and Small and Medium Enterprises (SMEs) for on-demand and
need-based services and provide much larger business space are expected to
foster the growth of the market. Recently outbreak pandemic, COVID-19, has
caused lockdown around the globe. For this, various industries adopting cloud
computing to support remote workforce to induce investment in IT infrastructure.
These factors anticipated promulgating the growth of the India cloud computing
market in the analysis periods. Service Model Overview in the India Cloud
Computing Market
Based on the service model, the India cloud computing market
classified into Platform as a Service (PaaS), infrastructure as a Service
(IaaS), and Software as a Service (SaaS). The infrastructure as a Service
(IaaS) will be the fastest-growing segment in the forecast period. It is
attributable to Mass provides flexibility, easy, mobility, and scalable access
to applications, and enhanced collaboration to help enterprises focus on their
core businesses.
SaaS cloud computing captured the highest revenue in 2019 in
the Indian cloud computing market owing to the use of SaaS for the distribution
of software so that the consumers can access over the Internet.
Deployment Model Overview in the India Cloud Computing market
Based on the deployment model, the India cloud computing
market segregated into Public, Private, and Hybrid. The hybrid cloud computing
held for the highest revenue in 2019 due to those industries which prioritize
compliance, security, and customer experiences such as healthcare, BFSI, and
government adopting the hybrid deployment model.
Public deployment captured the significant market share in
2019 as a result of the scalability and flexibility of the public cloud
technology, and the security aspects, and control over the data center.
Organization Size Overview in the India Cloud Computing Market
Based on organization size, the India cloud computing market
bifurcates into Small and Medium-Sized Enterprises and Large Enterprises. Small
and Medium-Sized Enterprises accounted for a larger market share in 2019 and
projected to lead the market by 2027. It is due to the benefits of cloud
computing, such as flexible pricing models offered, boost in employee
productivity, and improvement in collaboration and innovation. They are widely
using cloud computing for marketing, financial management, project management,
and building customer relationships, among others.
Workload Overview in the
India Cloud Computing 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 generated the largest
revenue in 2019, on account of ERP help in growing data-intensive workloads,
infrastructure advancements to support large-scale execution of workflows, and
development of the hybrid cloud.
End-user Industry Overview in the India Cloud Computing Market
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. BFSI segment
estimated to dominate the cloud computing market by 2027. It is due to the rise
in the application of cloud computing in the BFSI industry for services such as
payment gateways, online fund transfer, digital wallets, and unified customer
experience.
Regional Overview in the India Cloud Computing Market
Based on geography, the India cloud computing market
segmented into North India, South India, West India, and East India. North
India accounted for maximum revenue share in 2019, owing to the high adoption
of cloud computing in IT & ITeS, telecommunication, BFSI, Government, etc.
to achieve greater business agility and satisfy their customers.
India Cloud Computing Market: Competitive Landscape
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.
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5624649-india-cloud-computing-market-by-service-model-infrastructure
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