Indian Public Cloud market to achieve $9.5B by 2025, IT News, ET CIO

New Delhi, The Indian Public Cloud services market income reached $3.6 billion for 2020 and is about to achieve $9.5 billion by 2025, develop at a CAGR of 21.5 per cent, in accordance with a brand new IDC report.

For the second half of 2020, the Indian public cloud providers market totalled $1.9 billion, in accordance with in accordance with IDC’s ‘Worldwide Semiannual Public Cloud Services Tracker’.

The Public Cloud providers market contains infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) options and software-as-a-service (SaaS).

“Public clouds played a critical role for organisations in 2020, driven by business continuity, flexibility and agility. Cloud will become crucial as organisations expedite the development process and deployment of business applications to meet the changing work and business environment,” stated Rishu Sharma, Principal Analyst, Cloud and Artificial Intelligence, IDC India.

SaaS continued to be the most important element of the general public cloud providers market, adopted by IaaS and PaaS final yr.

The spending continues to speed up, with the highest two service suppliers holding 49 per cent of the Indian public cloud providers marketplace for 2020.

Even although enterprises within the nation have been discussing cloud adoption for the previous few years, the Covid-19 pandemic compelled enterprises to expedite their cloud technique.

“This accelerated cloud adoption in the country by several years. Businesses started adopting cloud to host a wide array of applications ranging from email servers to many complex systems like data warehousing, advanced analytics, etc,” stated Harish Krishnakumar, Senior Market Analyst, IDC India.

There was additionally an elevated migration of enterprise purposes to the cloud.

“Moreover, the remote working induced by the pandemic propelled the demand for remote storage capabilities and also resulted in increased adoption of cloud-based collaboration tools, VDI applications, etc,” Krishnakumar added.

The pandemic continued to be the important thing driver of cloud adoption as enterprises continued their investments in cloud infrastructure, platforms, and software program to enhance the resiliency of their enterprise operations and equip themselves to deal with successive waves of the pandemic.

As enterprise goals intention at gaining resiliency, IDC expects cloud adoption to be additional accelerated for speedy digital innovation.

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