India Cloud Computing Market
Increased use of Big Data, AI, machine learning, and other technologies to drive the market
The growing use of machine learning and artificial intelligence is likely to propel the cloud computing business forward. Cloud computing offers traditional businesses solutions such as cloud computing, big data & analytics, data management, and other advanced features such as artificial intelligence and machine learning that help optimise business operations, resulting in lower operational costs and increased efficiency. As a result, its application has risen in a variety of industries, including healthcare, finance, transportation, manufacturing, and others, driving the growth of the cloud computing industry.
To remain competitive in today's high-tech digital environment, organizations must continually innovate and pilot new technologies in the cloud computing, as well as listen to customers and the market for signs of change. Marketing is no exception to the general business landscape's fast trend toward automated procedures and data-driven decision making in the cloud market. Thus, rapid expansion is driving the India Cloud Computing Market.
India Cloud Computing Market Challenges
Cloud computing is used by users to keep sensitive data about their company and personal activities on cloud-based systems. However, data security and privacy worries about data loss, breaches, unplanned crises, application vulnerabilities, and internet cyber-attacks are expected to stymie cloud computing's growth. While cloud services help organizations increase productivity and decrease expenses, data stored in the cloud is vulnerable to assaults. Cloud malware injection, meltdowns, account or service hijacking, and man-in-the-cloud attacks disclose enterprise data vulnerabilities, which can lead to business shutdown and losses. Cyber-attacks, on the other hand, impair business operations, restricting the expansion of the cloud computing market.
Market Segments
India Cloud Computing Market
Market Players
Major market players in the
Recent Developments
In December 2022, InstaSafe, a Bangalore-based leading cloud-based security service provider, has announced the extension of their product range across the Indian market through a partnership with ZNet Technologies, a global distributor of cloud services, IT infrastructure, and cybersecurity solutions. With this collaboration, InstaSafe will get access to a larger market in India by using ZNet's extensive partner network.
Nov 2022Amazon Web Services (AWS) announced the opening of its second infrastructure area in India, the AWS Asia Pacific (Hyderabad) Region, on Tuesday. This second infrastructure area provides businesses with more alternatives for running workloads with improved resilience and availability, securely storing data in India, and serving end users with lower latency. Through a projected investment of more than USD 4.4 billion (roughly 36,300 crore) in India by 2030, AWS estimates that the Hyderabad area would sustain an average of more than 48,000 full-time employment.
Attribute | Details |
Base Year | 2022 |
Historic Data | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
Report coverage | Revenue forecast, company share, growth factors, and trends |
Segments covered | Service Organization Type Application End-User |
Regional scope | East India, West India, North India, South India |
Key companies profiled | Tata Consultancy Services, Infosys Limited, Wipro Limited, Zenith InfoTech Limited, CipherCloud, Amazon Web Services, Ctrls Datacenters Limited, Clogeny Technologies Private Limited, Alphabet Inc, Microsoft Azure |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |