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Public cloud services revenue in India 2015-2020

The public cloud services market across India was valued at over a billion U.S. dollars in 2016 and was estimated to reach a market value of more than four billion dollars in 2020. A public cloud uses cloud computing to make resources available for users. The services include virtual machines, applications or storage. The services could be free or subscribed. Corporate clouds offer more security due to limited users. The advantage of public cloud is the availability of service virtually through connected devices via the internet. Data on cloud services can be recovered easily in case of a loss of device or data and is usually regarded safe from cyber-attacks and hazards.

Cloud service market

Across Asia Pacific, China was estimated to account for almost 50 percent of the cloud services spending in 2019. India’s estimated spending on public cloud services was almost three billion dollars. During the same year, cloud application services generated the maximum revenue for the public cloud services at approximately 1.15 billion dollars. The public cloud market across the south Asian country was estimated to grow by over 50 percent until 2020.

Internet in India

With over 500 million users, India was the second largest online market, second only to China in 2019. With the mobile phone internet penetration estimated to reach over 30 percent of the population by 2023, the access to cloud computing and services is likely to become easier and more comfortable. The approach ‘cloud first’ to ‘cloud only’ will push organizations to increase investments in the segment, to protect their digital businesses’, as digitalization of platforms also increases the exposure to cyber-attacks and risks.

Public cloud services market value in India from 2015 to 2020

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Source

Release date

October 2017

Region

India

Survey time period

2014 to 2017

Supplementary notes

* Forecast

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