Cloud computing has been witnessing |
modules to cater to a wider consumer |
increasing market traction within major |
segment . |
geographies across the globe . In India , |
According to “ India Cloud Computing |
the market for cloud based data storage |
Market Forecast & Opportunities , 2020 ”, |
services is currently in growing phase |
the market for cloud computing services |
due to their rising adoption in large |
in India is projected to grow at a CAGR |
business setups as well as small and |
of over 22 % during 2015-2020 . |
medium size enterprises ( SMEs ). Cloud |
Increased government spending on |
computing technology offers |
National Optical Fibre Network ( NOFN ) |
tremendous cost benefits over |
and various e-governance portals , |
traditional in-house systems for data |
coupled with growing acceptance of |
storage . However , migrating to cloud is |
cloud services in SME segment is |
marred with its own set of challenges |
expected to drive the market for cloud |
such as incompatibility with legacy |
computing . SaaS is set to top the charts |
systems and data security issues . |
as the largest cloud service segment , |
However , the adoption of cloud |
occupying over 40 % share in the market |
computing services in India is gaining |
by 2020 . However , cloud services are |
attraction , with increasing participation |
likely to face stiff challenges pertaining |
expected to be witnessed from both |
to data security , vendor lock-in period |
private as well as government sector . |
and less availability of quality IT |
Furthermore , cloud vendors are |
hardware infrastructure in semi-urban |
increasingly devising innovative pricing |
regions acrossthe country . |
Growing adoption of cloud computing |
enterprises in present times . This is due |
technologies in SMEs and government |
to the fact that higher initial investment |
agencies to drive the demand for cloud |
discourages small and medium |
computing services in India through |
enterprises to opt for private cloud |
2020 . According to the recently released |
deployment . |
TechSci Research report “ India Cloud |
Nevertheless , public cloud adoption is |
Computing Market Forecast and |
plagued by data security and reliability |
Opportunities , 2020 ”, the cloud services |
issues due to which hybrid cloud has |
market in India is forecast to grow at |
been gaining traction in India . The |
over a CAGR of 22 % during 2015-2020 . |
report also throws light on key |
Rising availability of cloud services at |
roadblocks that restrict the growth of |
economical price models and the ease |
overall cloud services in India such as |
of implementation are the major growth |
growing concerns over data security , |
drivers for cloud services in India . In |
reliability and surveillance . In addition , |
addition , increased government |
dearth of quality IT infrastructure further |
spending on new e-governance projects |
hampers widespread adoption of cloud |
based on cloud technology is likely to |
services in India . IBM and Hewlettdrive |
the market for cloud computing |
Packard are among the leading cloud |
services in India over the coming years . |
service providers in India , holding |
Software-as-a-Service ( SaaS ) emerged |
significant majority stake in the market . |
as the leading market segment holding majority market share in 2014 in India . |
“ Wide range of cloud solutions bundled with innovative pricing models covering |
Application hosting and E-mail |
private , public as well as hybrid cloud |
remained the leading services to utilize |
are contributing to the adoption of cloud |
cloud technology extensively in India . |
services in India . Growing spending on |
Growing at over a CAGR of 50 %, private |
cloud services within government and |
cloud dominated cloud computing |
IT / ITeS segment is also expected to |
ecosystem in India during 2010-2014 . |
drive the market over the coming years ’’, |
Improved data security features and |
said Mr . Karan Chechi , Research |
exclusive control remain the key factors |
Director with TechSci Research , a |
contributing to growth of private cloud |
research based global management |
in India . However , private cloud |
consulting firm . |
adoption is largely restricted to large | |