Topics In Demand
Notification
New

No notification found.

Future of Cloud and Its Economic Impact: Opportunity for India | Cloud Computing

July 27, 2022

108

1

Key Highlights

Cloud computing-India market:

India’s public cloud market stood at $5.6 billion in 2021, 44% CAGR over 2016-2021 Expanding ecosystem of digital enterprises: 53% Of enterprises have increased their cloud adoption over the last one year; 84% Of large organizations have adopted SaaS

Ability to quickly launch new products / services and Better customer engagement / experience – Top 2 drivers of cloud adoption

Limited understanding of cloud features / benefits and Integration of legacy systems/applications and migration – Top 2 barriers Impact of Cloud on India:

 

Potential to account for ~8% relative share of India’s GDP in 2026 – 4X growth over the next five years Create 14 million jobs in 2026 – grow 3X over the next five years

 

Opportunity cost of slow adoption: ~US$118 billion GDP contribution at the risk of being lost Recommendations:

 

End user industries: Commit to a time bound, cloud-oriented roadmap, and set aside required resources Service Providers: Evangelize cloud adoption by alleviating perception barriers, investing in proof of concept and providing financial & technical support for select segments like SMBs

 

Government: Define frameworks around data classification,privacy and security in line with global standards

 

Academia & Associations: Position India as global cloud talent hub by strengthening formal education programs and reskilling technology workforce

Download the Report: https://community.nasscom.in/communities/cloud-computing/future-cloud-and-its-economic-impact-opportunity-india
 

 

Community by nasscom Insights is focused on building the largest online community catering to the Indian technology sector. The purpose of the community is to bring the latest trends and discussions onto a single platform. Our passion for tech drives the free-flowing exchange of ideas and visions from industry leaders and game-changers across India.


© Copyright nasscom. All Rights Reserved.