The latest report by IMARC Group, titled “India Public Cloud Market Report by Service (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)), Enterprise Size (Large Enterprises, Small and Medium-sized Enterprises), End Use (BFSI, IT and Telecom, Retail and Consumer Goods, Manufacturing, Energy and Utilities, Healthcare, Media and Entertainment, Government and Public Sector, and Others), and Region 2024-2032” The study provides a detailed analysis of the industry, including the India public cloud market size, share, trends, price, growth, and forecasts. The market size is projected to exhibit a growth rate (CAGR) of 2.20% during 2024-2032.
India Public Cloud Market Trends:
A public cloud is a type of cloud computing service where resources such as servers, storage, and applications are provided by third-party providers over the Internet. These resources are shared among multiple customers and are managed by the cloud service provider. Public cloud services are scalable, cost-effective, and accessible from anywhere with an internet connection, making them ideal for businesses and individuals seeking flexible computing solutions. Currently, the public cloud is gaining immense traction across India due to its inclusivity to infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software-as-a-service (SaaS) offerings.
The India public cloud market is significantly driven by the rapid digital transformation across various industries, as businesses increasingly adopt cloud technologies to enhance operational efficiency, scalability, and cost-effectiveness. The surge in demand for cloud services is particularly notable among small and medium-sized enterprises (SMEs) and startups, which benefit from the reduced capital expenditure and pay-as-you-go pricing models offered by public cloud solutions. Government initiatives such as Digital India and the push for smart cities are further accelerating cloud adoption. These initiatives aim to promote digital infrastructure and services, making cloud computing a critical component of the country's digital ecosystem. Additionally, the proliferation of internet connectivity and mobile devices has expanded the accessibility of cloud services, enabling businesses to leverage cloud technology more effectively.
Moreover, a significant trend in the market is the increasing adoption of multi-cloud and hybrid-cloud strategies. Organizations are leveraging multiple cloud platforms to optimize performance, enhance security, and avoid vendor lock-in. This trend is driving demand for interoperability and integration services, as businesses seek seamless integration between different cloud environments. Security and compliance are major considerations driving the market. With the growing awareness of data privacy and regulatory requirements, cloud service providers are enhancing their security measures and compliance frameworks to build trust and ensure data protection. Furthermore, the rise of artificial intelligence (AI) and machine learning (ML) applications has augmented the demand for cloud services, as these technologies require substantial computing power and storage capabilities that are readily available through public cloud platforms, further stimulating the market growth.
For an in-depth analysis, you can request the sample copy of the market report: https://www.imarcgroup.com/india-public-cloud-market/requestsample
India Public Cloud Market Segmentation:
Service Insights:
- Infrastructure as a Service (IaaS)
- Platform as a Service (PaaS)
- Software as a Service (SaaS)
Enterprise Size Insights:
- Large Enterprises
- Small and Medium-sized Enterprises
End Use Insights:
- BFSI
- IT and Telecom
- Retail and Consumer Goods
- Manufacturing
- Energy and Utilities
- Healthcare
- Media and Entertainment
- Government and Public Sector
- Others
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Ask analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=21419&flag=C
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