Growing adoption of cloud computing technologies in SMEs and government agencies to drive the demand for cloud computing services in India through 2020
According to the recently released TechSci Research report “India Cloud Computing Market Forecast & Opportunities, 2020 [http://www.techsciresearch.
Application hosting and E-mail remained the leading services to utilize cloud technology extensively in India. Growing at over a CAGR of 50%, private cloud dominated cloud computing ecosystem in India during 2010-2014. Improved data security features and exclusive control remain the key factors contributing to growth of private cloud in India. However, private cloud adoption is largely restricted to large enterprises in present
times. This is due to the fact that higher initial investment discourages small and medium enterprises to opt for private cloud deployment.
Nevertheless, public cloud adoption is plagued by data security and reliability issues due to which hybrid cloud has been gaining traction in India. The report also throws light on key roadblocks that restrict the growth of overall cloud services in India such as growing concerns over data security, reliability and surveillance. In addition, dearth of quality IT infrastructure further hampers widespread adoption of cloud services in India. IBM and Hewlett-Packard are among the leading cloud service providers in India, holding significant majority stake in the market.
“Wide range of cloud solutions bundled with innovative pricing models covering private, public as well as hybrid cloud are contributing to the adoption of cloud services in India. Growing spending on cloud services within government and IT/ITeS segment is also expected to drive the market over the coming years”, said Mr. Karan Chechi, Research Director with TechSci Research [http://www.techsciresearch.
“India Cloud Computing Market Forecast & Opportunities, 2020 [http://www.techsciresearch.
About TechSci Research
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals – Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.