India Cloud Computing Market Overview
India Cloud Computing Market Size was valued at USD 6.2 Billion in 2022. The Cloud Computing Market industry is projected to grow from USD 7.2 Billion in 2023 to USD 25.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.20% during the forecast period (2024 - 2032).Increasing demand for scalable and cost-effective IT infrastructure and the growing adoption of digital transformation initiatives are the main market drivers anticipated to propel the Cloud Computing Market in India.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
India Cloud Computing Market Trends
Growing demand for data storage and processing propels market growth
The growing demand for data storage and processing is driving Market CAGR for Cloud Computing in India. The astonishing spike in demand for data storage and processing capabilities is a key force moving India's cloud computing business forward. This surge in demand is the result of a convergence of transformative technological forces, such as the exponential proliferation of data-intensive applications, the introduction of big data analytics, the pervasive integration of Artificial Intelligence (AI) and Machine Learning (ML) across industries, the dynamic expansion of the Internet of Things (IoT) ecosystem, and the paradigm shift toward remote work and collaboration. Cloud computing emerges as the crucial solution to these manifold difficulties, providing a scalable and adaptable infrastructure that can handle massive amounts of data while allowing for seamless processing, analysis, and extraction of actionable insights. This trend indicates an underlying realization by Indian firms and organizations of the critical need to leverage data's potential as a strategic asset, resulting in substantial transformations in industries ranging from e-commerce and banking to healthcare and telecommunications. As a result, the cloud computing sector in India is experiencing a historic increase, contributing considerably to the country's technological improvement and economic prosperity.
Moreover, Businesses want to grow swiftly and gain a big market share. Achieving this goal requires streamlining operations by making data available at all touchpoints. Cloud computing services improve corporate functionality by allowing access to information across all devices at any time and from any location. As organizations expand to fulfill their consumers' expectations, the demand for cloud computing services grows, and their dependability improves. Cloud spending increased 37% in the first quarter of 2020, reaching USD 29 billion. The growing demand for scalable, secure, dependable, and cost-effective resources off-premises is driving the growth of cloud computing services. Despite the projected economic downturn caused by the pandemic, cloud spending climbed by 19% in 2020, while IT spending decreased by 8%. According to recent research, corporate cloud computing spending is increasing by double digits as chief information officers and other tech leaders choose more expensive capabilities like artificial intelligence. Because of the current macroeconomic conditions, cloud leaders are increasingly using cloud-based services (42%), preparing to migrate from legacy software to cloud-based tools (33%), and moving on-premises workloads to the cloud (32%). Thus, driving the India Cloud Computing market revenue.
India Cloud Computing Market Segment Insights
Cloud Computing Service Insights
The India Cloud Computing Market segmentation, based on Service, includes Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS). The SaaS sector has the biggest market share by service since a large amount of cloud technology deployed in India is focused on providing software applications over the Internet. SaaS enables users to access and use software without having to install it on their computers, making it easy for enterprises and individuals to use a variety of apps for communication, collaboration, and data management. The popularity of SaaS underscores its significance in the Indian cloud computing market as a significant driver of digital transformation and efficient software delivery.
Cloud Computing Deployment Insights
The India Cloud Computing Market segmentation, based on Deployment, includes public, private, and hybrid. The private category has the biggest market share based on deployment. Private cloud deployment is establishing a private cloud environment for a particular organization, providing greater control and protection over data and resources. The appeal of private cloud deployment in the Indian market demonstrates a demand for personalized and secure cloud solutions adapted to unique corporate needs.
Cloud Computing Enterprise Size Insights
The Cloud Computing Market in India is segmented by Application, which comprises Large Enterprises and Small & Medium-sized Enterprises (SMEs). The Small & Medium-sized Enterprises (SMEs)segment is predicted to develop at a faster CAGR during the projection period. These enterprises, which include smaller companies and startups, are increasingly adopting cloud technology due to its low cost, scalability, and accessibility. Cloud computing enables SMEs to access modern tools and resources without incurring significant upfront expenses, allowing them to compete successfully and innovate in their particular industries. The increased interest in cloud services among SMEs derives from their desire for cost-effective solutions and operational efficiency, which is driving the expansion of the Indian cloud computing market.
Figure 1: India Cloud Computing Market, By Enterprise Size, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Cloud Computing End-Use Insights
The India Cloud Computing Market is segmented by End-use, including BFSI, Telecom & IT, Media & Entertainment, Energy & Utilities, Manufacturing, E-Commerce, Government & Public Sector, Healthcare, and Others. The e-commerce segment is expected to grow at the quickest CAGR throughout the projected period. E-commerce businesses, which run online marketplaces for buying and selling goods and services, rely heavily on cloud computing to manage their websites, handle customer transactions, and store huge amounts of data. As the popularity of online shopping and digital transactions develops, e-commerce companies are increasingly turning to cloud solutions to ensure smooth and secure operations, efficient order processing, and improved consumer experiences.
India Cloud Computing Country Insights
The South India region is projected to dominate the industry. South India, notably cities such as Bengaluru and Hyderabad, has long been known as a technology and innovation hotspot in India. These cities have a strong presence in the IT and technology industries, and they have made important contributions to the development and adoption of cloud computing technology. They are home to several IT businesses, startups, research institutions, and talented workers, resulting in a robust environment that promotes technological innovation and digital transformation. This will aid the growth of the market in this region in the years ahead.
India Cloud Computing Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their Deployment lines, which will help the Cloud Computing Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new Deployment launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Cloud Computing industry must offer cost-effective items.
Major players in the Cloud Computing Market are attempting to increase market demand by investing in research and development operations, including Tata Consultancy Services, Infosys, Wipro Limited, Zenith InfoTech Limited, CipherCloud, Cirrologix Private Limited, Ctrls Datacenters Limited, Clogeny Technologies Private Limited, App Point, and iNube Software Solutions Pvt Ltd. and others are among the major players.
Key Companies in the Cloud Computing Market include
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Tata Consultancy Services
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Infosys
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Wipro Limited
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Zenith InfoTech Limited
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CipherCloud
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Cirrologix Private Limited
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Ctrls Datacenters Limited
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Clogeny Technologies Private Limited
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App Point
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iNube Software Solutions Pvt Ltd
India Cloud Computing Industry Developments
In January 2023, Alibaba Cloud introduced the Apsara Developer Community, a new hub designed to assist global developers by expanding the range of developer tools and services available. It aims to support the continuous growth of the developer community while also facilitating the advancement of the digital economy across markets.
In October 2023, BT and Google Cloud announced a new partnership focusing on a stronger commitment to cybersecurity innovation. As part of the agreement, BT will become a managed services delivery partner for Google's Autonomic Security Operations (ASO) offering, which is based on Google Chronicle.
In June 2023, IBM bought Agyla SAS. IBM Consulting acquired Agyla SAS, a top cloud professional services provider in France, in order to expand its specialized cloud expertise for French clients. The acquisition would increase IBM's hybrid multi-cloud services portfolio while also boosting the company's hybrid cloud and Al ambitions in the region.
India Cloud Computing Market Segmentation
Cloud Computing Service Outlook
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Infrastructure as a Service (IaaS)
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Platform as a Service (PaaS)
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Software as a Service (SaaS)
Cloud Computing Deployment Outlook
Cloud Computing Enterprise Size Outlook
Cloud Computing End-Use Outlook
| Report Attribute/Metric |
Details |
| Market Size 2022 |
USD 6.2 Billion |
| Market Size 2023 |
USD 7.2 Billion |
| Market Size 2032 |
USD 25.8 Billion |
| Compound Annual Growth Rate (CAGR) |
17.20% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2019-2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Service, Deployment, Enterprise Size, End-Use and Region |
| Countries Covered |
India |
| Key Companies Profiled |
Tata Consultancy Services, Infosys, Wipro Limited, Zenith InfoTech Limited, CipherCloud, Cirrologix Private Limited, Ctrls Datacenters Limited, Clogeny Technologies Private Limited, App Point, and iNube Software Solutions Pvt Ltd. |
| Key Market Opportunities |
Expansion of cloud services in emerging markets. Integration of artificial intelligence and machine learning capabilities in cloud platforms. |
| Key Market Dynamics |
Rising demand for hybrid and multi-cloud solutions to optimize performance and flexibility. |
Frequently Asked Questions (FAQ) :
The India Cloud Computing Market size was valued at USD 7.2 Billion in 2023.
The market is projected to grow at a CAGR of 17.20% during the forecast period, 2024-2032.
The key players in the market are Tata Consultancy Services, Infosys, Wipro Limited, Zenith InfoTech Limited, CipherCloud, Cirrologix Private Limited, Ctrls Datacenters Limited and others.
The private category dominated the market in 2023.
The Software as a Service (SaaS) category had the largest share in the market.
