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India Cloud Computing Market

India Cloud Computing Market, By Service (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)), By Deployment (Public, Private, Hybrid), By Enterprise (Large Enterprises, Small & Medium Enterprises) By End User (BFSI, Telecom and IT, Media and Entertainment, Energy and Utilities, Manufacturing, E-Commerce, Government & Public Sector, Healthcare, Others), By Region (North, South, East, West) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: October 2021
  • Report ID: BWC21130
  • Available Format: PDF
  • Page: 113

Report Overview

Cloud computing in India is growing at a high CAGR due to favorable government initiatives, the increasing investment in IT infrastructure, and the high concentration of skilled demographics.

India Cloud Computing Market- Industry Trends & Forecast Report 2027

India cloud computing market is expected to grow at a CAGR of 28.1% during the forecast period. The high concentration and increasing number of small and medium-sized businesses in India that are rapidly shifting towards cloud computing is emerging as the major driving factor for the market. Furthermore, growing investment towards the construction of cloud data centers is expected to boost the India cloud computing market in the forecast period.

India Cloud Computing Market- Overview

Cloud computing is a technology that enables real-time and on-demand access to computer services, such as data storage and processing power, without requiring direct management. Using cloud computing is cost-effective for organizations because they only pay for the cloud services, they want instead of spending on IT infrastructure and operating costs. Using cloud computing increases productivity by eliminating the need to assemble, rack, and stack IT components.

India Cloud Computing Market Forecast and Trends

Growth Drivers

Increasing Number of Small and Medium-Sized Enterprises

The increasing number of small and medium-sized enterprises (SMEs) in India is emerging as the major driving factor for the growth of the India cloud computing market. According to an estimate, there are more than 63 million SMEs in India. Small and medium-sized businesses are increasingly investing in cloud computing to benefit from various benefits such as flexibility, data recovery, reduction in IT maintenance costs, remote access to data, etc. These benefits are driving the growth of the India cloud data market.

Presence of a Large Number of Skilled Population

India is considered as a young nation with around 34.33% share of youth in the total population which is the highest among all nations. With such a large young population, India holds great potential in cloud computing with a significant percentage of working-class population. Therefore, major cloud computing companies are offering skill development programs to train these potential demographics in cloud computing, which is expected to drive the market in the forecast period. For instance, Google recently announced the launch of Google Cloud Skills Boost, a platform for online learning, skills development, and certifications.

Restraints

High Risk of Cyber Attacks

Due to the increasing dependency on cloud computing by the Indian population, specifically in the wake of COVID-19, the risks of cyberattacks and cloud hacks have also multiplied severalfold. After the US, India now has the second most security threats on the cloud, and malware was the second most frequent technique reported in incidents. While the government and big companies are taking necessary measures to minimize casualties, the increasing number of cyberattacks is becoming a cause for concern for the growth of the India cloud computing market.

Impact of COVID-19 on India Cloud Computing Market

The sudden outbreak of the COVID-19 pandemic presented several opportunities for the India cloud computing market, which it seized wholeheartedly. After the government of India imposed a lockdown in the country, demand for SaaS apps and cloud computing solutions spiked, propelling the growth of the market. Indian companies rapidly shifted their operations, be it fully or partially, to the artificial intelligence (AI) and machine learning (ML) powered cloud. As a result, they were able to remain operational, even from afar, in addition to expanding. With the widespread use of cloud computing in the country, the Indian cloud computing market will likely flourish significantly in the post-COVID-19 period.

India Cloud Computing Market - By Service

Based on services, the India cloud computing market is segmented into infrastructure as a service (IaaS), platform as a service (PaaS), and software as a service (SaaS). The software as a service (SaaS) holds the largest market share because of the presence of a large number of SaaS apps in the Indian market, such as Amazon Web Services (AWS), G-Suite, CloudCherry, Talview, Whatfix, Freshdesk, Zoho, etc. Furthermore, SaaS apps are expected to witness the biggest jump in their growth in the post-COVID-19 period as the demand for remote access to data is growing substantially.

India Cloud Computing Market - By Deployment

Based on deployment, the India cloud computing market is segmented into public, private, and hybrid. The private segment accounts for the largest market share as most large, and small & medium enterprises opt for the private deployment of the cloud that offers high security. Private deployments are dedicated to a single organization and are physically located at the company's on-site data center. It ensures higher efficiency in the delivery of results and higher security from cybercrime.

India Cloud Computing Market - Regional Insights

Geographically, the India cloud computing market is segmented into North India, South India, East India, and West India. Among these regions, South India dominates the India cloud computing market. Amazon Web Services is India’s leading cloud service provider, with three of six Direct Connect locations in South Indian cities-- Chennai, Hyderabad, and Bangalore. Bengaluru is known as the Silicon Valley of India and is the leading provider of information technology services in the country.

Competitive Landscape

The leading players in the India cloud computing market are Tata Consultancy Services, Infosys, Wipro Limited, Zenith InfoTech Limited, CipherCloud, Cirrologix Private Limited, Ctrls Datacenters Limited, Clogeny Technologies Private Limited, App Point, iNube Software Solutions Pvt Ltd, and other prominent players.

India’s cloud computing market is highly concentrated among industry giants such as Tata Consultancy Services, Infosys, and Wipro Limited. The Indian market, however, is still very welcoming for new players who offer advanced cloud services at an effective price. The market players consistently focus on improving their technological capabilities and strengthening their security systems to stay ahead of the curve. Furthermore, the adoption of competitive strategies like partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.

Recent Development

In October 2021, Amazon Web Services announced the launch of the AWS re/Start program in India which is free skill development and job training program to skill people in cloud computing.

In September 2021, Trend Micro Incorporated, a Cloud security company, announced the launch of its ‘Cloud One’ regional data center in India to strengthen data sovereignty and data privacy in the country.

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Market Coverage

North, South, East, and West

Product Service/Segmentation

By Service, By Deployment, By Enterprise, By End User, By Region

Key Players

Tata Consultancy Services, Infosys, Wipro Limited, Zenith InfoTech Limited, CipherCloud, Cirrologix Private Limited, Ctrls Datacenters Limited, Clogeny Technologies Private Limited, App Point, iNube Software Solutions Pvt Ltd, and other prominent players.

 

By Service

  • Infrastructure as a Service (IaaS)
  • Platform as a Service (PaaS)
  • Software as a Service (SaaS)

By Deployment

  • Public
  • Private
  • Hybrid

By Enterprise

  • Large Enterprises
  • Small & Medium Enterprises

By End User

  • BFSI
  • Telecom and IT
  • Media and Entertainment
  • Energy and Utilities
  • Manufacturing
  • E-Commerce
  • Government & Public Sector
  • Healthcare
  • Others

By Region

  • North India
  • South India
  • East India
  • West India
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Key Market Segments
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Market Drivers
        1. Increasing Number of Small and Medium-Sized Enterprises
        2. Presence of a Large Number of Skilled Population
      2. Market Restraints
        1. High Risk of Cyber Attacks
      3. Market Challenges
        1. Lack of developed IT Infrastructure
      4. Market Opportunity
        1. Growing Population of Omni-Cloud Solutions
        2. Increasing Growth of Large and Small & Medium Enterprises
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. India Cloud Computing Market Overview
    1. Market Size & Forecast by Value, 2017-2027
    2. Market Size and Forecast, By Segment
      1. By Service
        1. Infrastructure as a Service (IaaS)
        2. Platform as a Service (PaaS)
        3. Software as a Service (SaaS)
      2. By Deployment
        1. Public
        2. Private
        3. Hybrid
      3. By Enterprise
        1. Large Enterprises
        2. Small & Medium Enterprises
      4. By End User
        1. BFSI
        2. Telecom and IT
        3. Media and Entertainment
        4. Energy and Utilities
        5. Manufacturing
        6. E-Commerce
        7. Government & Public Sector
        8. Healthcare
        9. Others
      5. By Region
        1. North
        2. South
        3. East
        4. West
  6. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking by Operating Parameters
  7. Impact of COVID-19 on India Cloud Computing Market
  8. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Tata Consultancy Services
    2. Infosys
    3. Wipro Limited
    4. Zenith InfoTech Limited
    5. Cypher Cloud
    6. Cirrologix Private Limited
    7. Ctrls Datacenters Limited
    8. Clogeny Technologies Private Limited
    9. App Point
    10. iNube Software Solutions Pvt. Ltd.
    11. Other Prominent Players
  9. Key Strategic Recommendations

 

List of Figures

 

 

Figure 1: India Cloud Computing Market Segmentation

 

Figure 2: India Cloud Computing Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2020

 

Figure 4: India Cloud Computing Market Size, By Value (USD Million), 2017-2027

 

Figure 5: India Cloud Computing Market Share (%), By Service, By Value, 2017-2027

 

Figure 6: India Cloud Computing Market Share (%), By Deployment, By Value, 2017-2027

 

Figure 7: India Cloud Computing Market Share (%), By Enterprise, By Value, 2017-2027

 

Figure 8: India Cloud Computing Market Share (%), By End User, By Value, 2017-2027

 

 

List of Tables

 

 

Table 1: India Cloud Computing Market Size, By Service, By Value, 2017-2027

 

Table 2: India Cloud Computing Market Size, By Deployment, By Value (USD Million), 2017-2027

 

Table 3: India Cloud Computing Market Size, By Enterprise, By Value (USD Million), 2017-2027

 

Table 4: India Cloud Computing Market Size, By End User, By Value (USD Million), 2017-2027

Table 5: Tata Consultancy Services Financial Analysis

Table 6: Tata Consultancy Services Business Overview

Table 7: Infosys Financial Analysis

Table 8: Infosys Business Overview

Table 9: Wipro Limited Financial Analysis

Table 10: Wipro Limited Business Overview

Table 11: Zenith InfoTech Limited Financial Analysis

Table 12: Zenith InfoTech Limited Business Overview

Table 13: Cypher Cloud Financial Analysis

Table 14: Cypher Cloud Business Overview

Table 15: Cirrologix Private Limited Financial Analysis

Table 16: Cirrologix Private Limited Business Overview

Table 17: Ctrls Datacenters Limited Financial Analysis

Table 18: Ctrls Datacenters Limited Business Overview

Table 19: Clogeny Technologies Private Limited Financial Analysis

Table 20: Clogeny Technologies Private Limited Business Overview

Table 21: App Point Financial Analysis

Table 22: App Point Business Overview

Table 23: iNube Software Solutions Pvt Ltd Financial Analysis

Table 24: iNube Software Solutions Pvt Ltd Business Overview

Market Segmentation

By Service

  • Infrastructure as a Service (IaaS)
  • Platform as a Service (PaaS)
  • Software as a Service (SaaS)

By Deployment

  • Public
  • Private
  • Hybrid

By Enterprise

  • Large Enterprises
  • Small & Medium Enterprises

By End User

  • BFSI
  • Telecom and IT
  • Media and Entertainment
  • Energy and Utilities
  • Manufacturing
  • E-Commerce
  • Government & Public Sector
  • Healthcare
  • Others

By Region

  • North India
  • South India
  • East India
  • West India
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Frequently Asked Questions (FAQs):

Ans: India cloud computing market is expected to grow at the CAGR of 28.1%.
Ans: The major factors driving the growth of the India cloud computing market are the increasing number of small and medium-sized enterprises and presence of a large number of skilled populations.
Ans: The key players in the India cloud computing market are: Tata Consultancy Services, Infosys, Wipro Limited, Zenith InfoTech Limited, CipherCloud, Cirrologix Private Limited, Ctrls Datacenters Limited, Clogeny Technologies Private Limited, App Point, iNube Software Solutions Pvt Ltd, and other prominent players.
Ans: The BFSI segment accounted for the largest share in the India cloud computing market.
Ans: South India holds the largest share in the India cloud computing market.