India Cloud Computing Market Growth Analysis and Forecast
In India, the market for cloud computing is currently in growing phase and is expected to grow at an impressive rate through FY2026 due to rising adoption in large business setups as well as small and medium size enterprises (SMEs). Factors such as increased automation and need to deliver enhanced customer experience are expected to positively impact the growth of the market in the coming years.
Cloud computing has been witnessing increasing market traction within major geographies across the globe. The proliferation of numerous start-ups is one of the key factors that has led to the growth in the market. Besides, COVID-19 has left a huge impact on the country’s economy. There exists a dire need of cost savings on the part all companies along with which people need to work from home as part of social distancing. This is the key factor expected to drive the market in the coming years as cloud computing services support storage of big data, reduce IT costs, and allow access of data from anywhere and at any given point of time.
India cloud computing market is segmented into type, service, organization size, application, end user and region and company. Based on type, the market is trifurcated into public, private and hybrid. Among them, public segment is expected to grow at the highest rate during the forecast period owing to the shift from the “cloud first” to cloud only” model, which has pushed the organizations to increase their funding towards the cloud computing market.
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Major players operating in the India cloud computing market include Hewlett-Packard India Sales Private Limited, Dell India Private Limited, IBM India Private Limited, Cisco Systems India Private Limited, Cognizant Technology Solutions India Private Limited, Microsoft Corporation India Private Limited, Amazon Web Services, Inc., VMWare Software India Private Limited, NetApp India Private Limited, NTT Communications India Private Limited and many others.
Years considered for this report:
Historical Years: FY2016-FY2019
Base Year: FY2020
Estimated Year: FY2021
Forecast Period: FY2022–FY2026
Objective of the Study:
- To analyze and estimate the market size of India cloud computing market from FY2016 to FY2019.
- To estimate and forecast the market size of India cloud computing market fromFY2020 to FY2026 and growth rate until FY2026.
- To classify and forecast India cloud computing market based on type, service, organization size, application, end user and region and company.
- To identify dominant region or segment in the India cloud computing market.
- To identify drivers and challenges for India cloud computing market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India cloud computing market.
- To conduct pricing analysis for India cloud computing market.
- To identify and analyze the profile of leading players operating in India cloud computing market.
- To identify key sustainable strategies adopted by market players in India cloud computing market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of India cloud computing market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
