Impact of Cloud Opportunities in India

Terms of use

Terms of Use

The use of this site and the content contained therein is governed by the Terms of Use. When you use this site you acknowledge that you have read the Terms of Use and that you accept and will be bound by the terms hereof and such terms as may be modified from time to time.

All text, graphics, audio, design and other works on the site are the copyrighted works of nasscom unless otherwise indicated. All rights reserved.
Content on the site is for personal use only and may be downloaded provided the material is kept intact and there is no violation of the copyrights, trademarks, and other proprietary rights. Any alteration of the material or use of the material contained in the site for any other purpose is a violation of the copyright of nasscom and / or its affiliates or associates or of its third-party information providers. This material cannot be copied, reproduced, republished, uploaded, posted, transmitted or distributed in any way for non-personal use without obtaining the prior permission from nasscom.
The nasscom Members login is for the reference of only registered nasscom Member Companies.
nasscom reserves the right to modify the terms of use of any service without any liability. nasscom reserves the right to take all measures necessary to prevent access to any service or termination of service if the terms of use are not complied with or are contravened or there is any violation of copyright, trademark or other proprietary right.
From time to time nasscom may supplement these terms of use with additional terms pertaining to specific content (additional terms). Such additional terms are hereby incorporated by reference into these Terms of Use.

Disclaimer

The Company information provided on the nasscom web site is as per data collected by companies. nasscom is not liable on the authenticity of such data.
nasscom has exercised due diligence in checking the correctness and authenticity of the information contained in the site, but nasscom or any of its affiliates or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this site. The information from or through this site is provided "as is" and all warranties express or implied of any kind, regarding any matter pertaining to any service or channel, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-infringement are disclaimed. nasscom and its affiliates and associates shall not be liable, at any time, for any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorised access to, alteration of, or use of information contained on the site. No representations, warranties or guarantees whatsoever are made as to the accuracy, adequacy, reliability, completeness, suitability or applicability of the information to a particular situation.
nasscom or its affiliates or associates or its employees do not provide any judgments or warranty in respect of the authenticity or correctness of the content of other services or sites to which links are provided. A link to another service or site is not an endorsement of any products or services on such site or the site.
The content provided is for information purposes alone and does not substitute for specific advice whether investment, legal, taxation or otherwise. nasscom disclaims all liability for damages caused by use of content on the site.
All responsibility and liability for any damages caused by downloading of any data is disclaimed.
nasscom reserves the right to modify, suspend / cancel, or discontinue any or all sections, or service at any time without notice.

For any grievances under the Information Technology Act 2000, please get in touch with Grievance Officer, Mr. Anirban Mandal at data-query@nasscom.in.

New

See all

No notification found.

Impact of Cloud Opportunities in India

Sneha Sharma

@snsharma

August 26, 2022

Cloud Computing

786

The Covid pandemic brought in new ways of working in all sectors and enterprises. Remote working became the new normal leading to increased adoption of cloud. The pandemic acted as a catalyst for cloud services. According to the International Data Corporation (IDC), the Indian public cloud services market is expected to touch $13.5 billion by 2026 from $4.6 billion in 2021, growing at a Compounded Annual Growth Rate (CAGR) of 24% in five years.

A picture containing diagram

Description automatically generated

The adoption of cloud would also directly impact the GDP of India. According to NASSCOM’s ‘Future of Cloud and Its Economic Impact: Opportunity for India’ Report, the value add from cloud has the potential to contribute US $310-380 billion to India’s GDP in 2026, accounting for ~8% of GDP*. In the recent past, enterprises have started setting up their data centres or expanded on their existing ones to match the growing demand in India.

Apart from GDP, cloud will also majorly impact the employment. It has potential to create ~14.0 million direct and indirect employment opportunities in 2026*. At 44% CAGR (2016-2021E)*, the Indian cloud market has outpaced the global market in terms of growth rate. Parameters like growing digital population, inflow of investments, digitization of enterprises and favourable government policies, are aiding India’s cloud growth.

Cloud has been the foundation for innovation and collaboration. PaaS models are known to allow for rapid deployment of applications enabling innovation and agility in large organizations. Cloud also supports start-ups and SMBs by providing access to same high-end technologies as larger organizations without the burden of high investments. Indian Start-up Ecosystem has been growing majorly between 2015-2021. India surpassed UK to become the 3rd largest unicorn hub in the world, with Indian Unicorn valuation exceeding US$280 billion as of 2021*. With 42 unicorns added in the year 2021 alone, the start-up ecosystem in India is scaling aggressively and cloud is an important enabler to incubate and accelerate their journey.

Cloud adoption will enable India in building technology capabilities required for India’s digital transformation journey as well as become a global hub for cloud services and talent. India cloud services supply to the global market will benefit from economies of scale and position itself to become a low-cost, high-quality provider of cloud services.

India is also building data centre capacity across levels by government initiatives as well as private investments. With global infrastructure players coming in, the rise in competition is likely to generate offerings at more competitive pricing. Indian companies are also increasingly investing to expand global footprint and enhance their global delivery centres. SaaS will be a key driver of export from India as it is projected that share of global revenue for SaaS companies will increase from 70% to up to 85% in the next five years*. With other economies rapidly scaling on cloud, the first movers of cloud computing may capture significant share of the export market. Hence, timely development of cloud supply in India would be crucial.

The cloud services sector is incredibly enormous. With the potential that it offers, we haven’t uncovered most of its benefits yet. Soon enough cloud services will be fully integrated into every solution worldwide.

Sources:

#cloud #cloudcomputing #cloudinIndia #PaaS #SaaS #futureofcloud

Disclaimer

That the contents of third-party articles/blogs published here on the website, and the interpretation of all information in the article/blogs such as data, maps, numbers, opinions etc. displayed in the article/blogs and views or the opinions expressed within the content are solely of the author's; and do not reflect the opinions and beliefs of NASSCOM or its affiliates in any manner. NASSCOM does not take any liability w.r.t. content in any manner and will not be liable in any manner whatsoever for any kind of liability arising out of any act, error or omission. The contents of third-party article/blogs published, are provided solely as convenience; and the presence of these articles/blogs should not, under any circumstances, be considered as an endorsement of the contents by NASSCOM in any manner; and if you chose to access these articles/blogs , you do so at your own risk.

Sneha Sharma

Analyst

Current Focus Areas: IT Services, AIOps, 5G, Cloud, Project Management. Also specialises in Application Rationalization, Cost Optimization, Benchmarking, Report writing, and Market Research.