Many encouraging trends in cloud computing are transforming the IT landscape in India, the ripples of which are felt even beyond the national boundaries. Of late, India’s proactive roles in cloud services have generated much excitement among technology leaders in countries such as the U.S. This progressive march of cloud computing in India has business significance, and observers paint an optimistic picture for the future.
India’s public cloud market is likely to rise by more than 53% to $4 billion by 2020 as the world’s fastest-growing economy becomes more digitized, said Akash Ambani, Director Reliance Jio Infocomm.
Gartner Inc. had estimated the public cloud services market in India at $1.81 billion in 2017. Public cloud computing uses cloud computing technologies to support customers that are external to the provider’s organization. Using public cloud services generates the types of economies of scale and sharing of resources that can reduce costs and increase choices of technologies, Gartner said.
So, what are those factors affecting the growth of cloud in India? Let’s have a look at some of them:
The arrival of cloud computing has encouraged innovation in IT, which is tied to business innovation. In the last two years, both large companies and SMEs invested heavily in developing cloud applications, which experts said was just the beginning. With these applications, enterprises are looking to accelerate business, achieve faster turnaround time, and lower the operational costs.
Growing Interest among MSME’s
As per a government estimate, Micro, Small & Medium enterprises contributed around 38 percent of India’s GDP in 2013. Digitalization of these MSME’s will offer a humongous opportunity to the cloud vendors to capitalize upon.
Hybrid & Multi-Cloud Solutions
Another facet of cloud hosting services in India is the hybrid cloud, which is a vital part of the digital transformation the country is going through. A leading cloud-based software company in India said Indian companies are out to welcome the benefits of the hybrid cloud with both hands. Hybrid cloud solutions give businesses the best of two worlds. It gives the flexibility of a private server in addition to the advantages of a public cloud.
Internet Of Everything
2017 was a year of cloud technology pushing forward and integrating with the Internet of Things and this trend will go beyond 2018 as well but in 2018, the cloud will also bring the Internet of Everything to the forefront. IoE is the smart connection of people, process, data, and things. Cloud will help simplify the complex process of IoE which means that people will enjoy more intelligent interactions with devices connected to a network. It will also pave the way for richer communications between people.
2018 is primed to be a year for emerging technologies like Blockchain whose mystery is sure to be solved. Fintech companies and other security-conscious enterprises have been eyeing the technology for a long time, hoping it will usher in an era of automated, efficient and fraud-free record-keeping and transaction systems. Moving away from cryptocurrencies, Blockchain essentially uses as a public ledger among trusted individuals which is tamper-proof and is expected to be adopted across several segments including government, banks, healthcare, supply chain industries like automotive and retail apart from others. Its impact on common life will also be seen in 2018 or later. However, creating and managing this Blockchain will be a challenge that only experienced organization with a lot of allied technologies in cloud computing can overcome.
There will definitely be many other factors that’ll contribute to the growth of cloud in 2018 and if you think we have missed something crucial then we would request you to share it with us in our comments section below.