Introduction of the India Cloud Computing Market Report

Cloud computing is defined as the on-demand delivery of IT resources through the internet using the pay-as-you-go pricing range. Rather than buying and maintaining physical data centers and servers, the enterprise can opt for technological services, including storage, computing power, and databases, for various players in the market such as AWS, Azure among others.

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Market Dynamic

Key Drivers and Emerging Trends

The growing adoption of various technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR), is one of the major factors that is contributing to the growth of the cloud computing market size in India. The SMEs well as the large organizations, are focusing on decreasing their cost and improving the operation scalability, which will further drive the market growth over the coming years.  Moreover, the government of India is emphasizing supporting the adoption of advanced technologies such as AI, machine learning, big data, IoT, cloud services, among other services. The National Informatics Center (NIC) is offering ICT and eGovernance support to the Indian government over the past few decades. The government introduced the “GI Cloud” initiative, which is also known as the “MeghRaj”. One of the main aim of this strategy is to increase the delivery of e-services in the country while optimizing the ICT spending of the government. The NIC also offers various cloud services, including Platform as a Service, Infrastructure as a Service (IaaS), and Software as a Service (SaaS).

In 2020, The National Institution for Transforming India (NITI) Aayog announced to build a cloud computing platform known as AI Research, Analytics, and Knowledge Assimilation platform (AIRAWAT), to create new opportunities for the deployment of cloud services over the coming years. The AIRAWAT will be a cloud platform for Big Data Analytics and Assimilation, with power-optimized AI Computing Infrastructure through advanced AI processing. In addition to this, the Digital India initiative launched by the government aims to transform the country into a digitally empowered society and knowledge economy. The program will support nine pillars of growth areas, including Broadband Highways, Universal Access to Mobile Connectivity, Public Interest Access Programme, e-Governance, e-Kranti, among others. Thus, all these initiatives will drive the growth of the cloud computing market share in India over the coming years.

Restraints in the India Cloud Computing Market

The major factors that are hampering the cloud computing market growth in India include the increasing risk regarding cyber-attacks and the lack of skilled workforces.

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The emergence of the COVID-19 pandemic has also supported the growth of the market over the coming years. The situation has brought various opportunities for cloud vendors. The easy availability of innovative and scalable cloud-based solutions to meet the changing demand of the organizations has encouraged the cloud vendors to scale-up their product offering to allow the business to function without any service disruptions. Various associations and institutions such as the Ministry of Human Resource & Development (MHRD), All India Council for Technical Education (AICTE), and National Association for Software and Services Companies (NASSCOM), have leverage cloud-based offerings to establish citizen services, online hackathons, and solutions to address certain problems.

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Key Developments:

• • In 2021, Microsoft Corporation introduced the Azure Stack HCI, an hyperconverged infrastructure (HCI) solution in India. It will offer enterprises the access to Microsoft Azure for hybrid cloud scenarios in datacenters, remote offices, and cloud and edge locations.
  • In 2020, Amazon Web Services announced its plan to invest around USD 1.5 billion to set up two data centers in India. These data centers will come up in Hyderabad.

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Key questions answered in this research report:

• • At what pace is India cloud computing market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in India cloud computing market? What will be the impact of drivers and restraints in the future?
  • What are the various areas of India cloud computing market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?