May 26, 2022
1 min read

India’s Public Cloud market rebounds

SaaS continued to be the largest component of the overall public cloud services market, followed by IaaS and PaaS in 2021….reports Asian Lite News

The Indian Public Cloud Services (PCS) market is likely to reach $13.5 billion by 2026, growing at a compound annual growth rate (CAGR) of 24 per cent for 2021-26, a new report has shown.

In 2021, the revenue of public cloud market, including infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) solutions, and software-as-a-service (SaaS), reached $4.6 billion in India, according to the International Data Corporation (IDC).

“With digital innovation leading the top business objectives for Indian organisations, cloud adoption is set to accelerate in 2022,” said Rishu Sharma, Associate Research Director, Cloud and Artificial Intelligence, IDC India.

SaaS continued to be the largest component of the overall public cloud services market, followed by IaaS and PaaS in 2021.

Public cloud spending continued to increase among enterprises, with the top two service providers holding more than 45 per cent of the Indian public cloud services market, the report noted.

India continues to be among the fastest-growing market for public cloud service providers due to the robust demand from large enterprises, digital natives, and also from small and medium businesses in the country.

In 2021, enterprises continued to invest in public cloud to ensure business continuity, improve resilience and productivity, and drive digital innovation, said the IDC.

“Public cloud adoption continued to surge as enterprises invested in public cloud as part of their digital transformation initiatives to improve business resiliency and become a digital-first organisation,” said Harish Krishnakumar, Senior Market Analyst, IDC India.

The increased spend is expected to continue as enterprises invest in emerging technologies like AI/ML, IoT, blockchain, etc., to automate processes and drive innovation with public cloud as the foundation, he added.

There has been an increased demand for Cloud-based security applications as organisations expect part of their hybrid workforce to return to offices in 2022.

ALSO READ: India turns largest producer of sugar

Previous Story

Samsung SDI, Stellantis team up for battery plant

Next Story

Imran’s long march enters Islamabad Red Zone

Latest from India News

FS Misri in US to Boost Tech, Trade Ties

The meeting, held in Washington, focused on strengthening existing frameworks and building momentum on key tech and trade initiatives…reports Asian Lite News Foreign Secretary Vikram Misri on Wednesday (India time) met with

India Targets Pak Terror Ties in Guyana

The delegation met the Guyanese President, Mohamed Irfaan Ali, who had hosted a dinner to celebrate friendship and shared aspirations between the two nations…reports Asian Lite News Congress leader Shashi Tharoor, currently

EU Vows US Trade Deal

European Commission President Ursula von der Leyen phoned Trump on Sunday, after which he agreed to postpone the planned tariff increase until July 9….reports Asian Lite News The European Commission remains “fully

French Senate Team Wraps Up India Visit

During the visit to New Delhi, the senators held bilateral talks with Foreign Secretary Vikram Misri focusing on global and regional developments…reports Asian Lite News A high-level French Senate delegation, headed by

India Rejects Pak’s Proxy War Play

The delegation is in Qatar to share the details about India’s Operation Sindoor and also to make startling disclosures about Pakistan-sponsored terrorism…reports Asian Lite News Congress MP Manish Tiwari, a member of
Go toTop

Don't Miss

Moldova seeks deeper education ties with India 

On his first visit to India, Percium held discussions with

Opportunities galore as India cements ties with UAE

The entry of Indian ventures could give a much-needed boost