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Cloud computing is rapidly transforming the digital landscape in India, offering extraordinary opportunities for companies and individuals. As India strives to become a $1 trillion digital economy by 2026, cloud computing has the potential to technologically transform the Indian economy and make it more flexible and scalable.
As we embrace the era of digital revolution, cloud technologies are playing a vital role in redesigning the way establishments manage and provide services. With a growing market and increasing inclination towards modern solutions, India is witnessing a significant shift towards cloud adoption across various sectors.
Cloud computing is like having a virtual storeroom for alphanumeric content. It is a place where a person can stock up on, retrieve, and be able to handle information and products over the Internet as an alternative to physical hardware.
Furthermore, core technology as a specialty has remained relatively stable during the last 3 years, maintaining a workforce of between 2.5-2.6 million specialists. This stability is attributed to the growth of core technology roles.
The workforce management segment is expected to exhibit an annual growth rate of 16.54% in revenue (compound annual growth rate over 2024-2028), bringing the market size to $17,010.00 million by 2028. Furthermore, the impact of cloud computing on Indian industries is like adding a turbo booster to their processes. With cloud, businesses in India can scale up or down their resources in a jiffy, without the hassle of dealing with physical (tangible) servers.
By adopting cloud technology, industries in India are not just limiting their scope to reducing their information technology (IT) budget but are also focusing on strengthening their productivity.
Companies in India are slowly realising the potential of cloud services and are getting involved in it to stay cost-effective in the digital space. However, Indian organisations are facing challenges in implementing cloud technologies – data security, compliance concerns and difficulty in migrating existing systems to the cloud as per pre-defined government norms.
With national policies and programs supporting cloud adoption, the government is paving the way for smooth integration of cloud technologies in India.
And to sweeten the deal, there are incentives awaited for cloud service providers in India. These incentives are like a golden ticket, encouraging more providers to provide top-tier cloud services in the country. This is a win-win situation for businesses and providers.
Cloud computing is taking India by storm. Some powerhouse players like Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform are leading the charge. In turn, by 2047, India is expected to become an economic superpower with an estimated gross domestic product (GDP) of $26 trillion.
These tech titans aren’t just making waves; They are creating innovations that are reshaping the country’s digital landscape.
When it comes to cloud service providers in India, robust infrastructure and a wide range of services, AWS has become the preferred choice for businesses looking to expand and succeed in the digital domain. Microsoft Azure, with its Azure regions, is giving tough competition, while Google Cloud Platform is serving innovation in the market.
From Artificial Intelligence (AI) powered chatbots to blockchain solutions, India is rapidly adopting cutting-edge technologies. These innovations are not just buzzwords; They are the driving force behind the rapid adoption of cloud computing in the country. With businesses realizing the power of data analytics, Internet of Things (IoT) and machine learning, the Indian cloud computing industry is turning into a digital repository of possibilities.
The future of cloud computing in India is bright. According to a report by Oliver Wyman and NASSCOM, cloud technology will account for 8% of India’s GDP by 2026. It has the potential to increase the country’s GDP by $310-380 billion by 2026, as well as generate 14 million jobs. A focused all-round effort could result in a sustained 25-30% growth in cloud investment over the next five years (post 2022) to reach $18.5 billion, enabling India to realize the full potential of the cloud market. Will get help.
The growth of cloud computing in India is paving the way for a more interconnected and dynamic digital future. With the support of government policies, innovation from key players and increasing adoption rates, the Indian cloud computing industry is poised for continued growth and innovation. As businesses take advantage of the scalability, flexibility and cost-saving benefits offered by cloud technologies, the digital landscape in India is set to witness further advancements and transformative opportunities in the years to come.
This article is written by Tushar Dhawan, Partner, Plus91Labs.
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