Indian Cloud Market: To Grow At 22% CAGR During 2015-20, By TechSci Research

Growing demand for cloud services in SMEs and government organizations are driving a rise in cloud computing market in India.  According to a survey and report by TechSci Research, it will grow at more than CAGR of 22% through 2020.

Cloud hosting and E-mail hosting services are main services utilizing cloud computing extensively. And SaaS (software-as-a-Service) has been also emerged as a leading service segment in the cloud computing domain in India. Organizations from small to large are moving towards the cloud technology.  Even government agencies are also spending on new e-government projects based on cloud computing technology in India.

According to TechSci Research(a research based global management consulting firm), Increasing availability of cloud services at very economical price models and the ease of implementation of these services are the main growth factors for cloud services in India.

Growing at more than a CAGR of half (i.e., CAGR of 50%), private cloud have influenced over cloud computing ecosystem in India through 2010-2014. Enhanced information security and complete control feature remain the key elements contributing to the development of private cloud in India. But because of the higher initial investment cost, private cloud adoption is limited to higher enterprises in India.

However, public cloud adoption is pestered by data security and reliability factors due to which hybrid cloud has been gaining popularity in India.  TechSci Report also pour light on main roadblocks that confine the growth of overall cloud services in India like growing concern over information/data security, reliability and surveillance. Likewise, lack of quality IT infrastructure further affects widespread adoption of cloud services here, in India.  HP & IBM are among the top cloud service providers in India, holding a huge share of stake in the market.

According to Mr. Karan Chechi, Research Director with TechSci Research, “a huge range of cloud solutions packaged with innovative pricing models including private cloud, public cloud as well as hybrid cloud are contributing towards the growth by adoption of cloud services in India. And increasing spending on cloud services by Government agencies and IT/ITes sectors are supposed to drive the market within coming years.”

This report is analyzing emerging trends in cloud computing, essential drivers, challenges and opportunities and also providing evaluated future growth potential of cloud computing services in India industries. It is intended to provide a cutting-edge market intelligence through statistics and other important information about market structure and consumer behavior trend to help decision makers in taking sound financial investment decision.

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