The revenue of the public cloud services market in India is expected to reach $10.8 billion by the year 2025, according to a report from the global analytics firm International Data Corporation IDC.
In the coming 12 months, organisations in India cite increased investment plans for cloud infrastructure and platforms to aid in faster and more effective ways of application development and access to technologies. IDC India said Cloud-native services are becoming increasingly important for the development of new architectures and functionalities.
During H1, 2021, SaaS continued to be the largest component of the public cloud services market, followed by IaaS and PaaS. There was an increase in public cloud spending among enterprises, with the top two service providers holding more than 49 percent of the Indian public cloud services market.
The impact of the COVID 19 pandemic continued to be a key driver of cloud adoption in 1 H 2021, as enterprises continue to bullish in their investments in cloud infrastructure, platforms, and software to improve the resiliency of their business operations. Small and medium businesses saw an increase in public cloud adoption, due to the demand for cloud-based applications for collaboration, Enterprise Resource Management ERM Customer Relationship Management CRM and security.
With many businesses expected to transition to a hybrid work model in the upcoming months, this would result in an increase in public cloud investments due to the demand for remote compute and storage, conferencing and collaboration applications, VDI, cloud security, etc. Harish Krishnakumar, Senior Market Analyst, IDC India said.