IMARC Group, a leading market research company, has recently releases report 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, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the India Public Cloud Market?
The India public cloud market size is projected to exhibit a growth rate (CAGR) of 2.20% during 2024-2032.
India Public Cloud Market Trends and Drivers:
The rising focus on optimizing IT operations and the escalating demand for flexible and specialized IT services are primarily driving the India public cloud market. Moreover, the growing focus on cost efficiency in organizations is resulting in an increased adoption of public cloud. Furthermore, various industries are shifting from traditional on-premises information technology (IT) infrastructure, which requires high investment, to public cloud providers since they are affordable as companies pay only for the resources they use. Additionally, the rise in remote work settings is also bolstering the demand for public cloud solutions. The public cloud allows employees to access data, applications, and resources from anywhere with an internet connection.
Another notable trend catalyzing the growth of the market is rising mergers and acquisition activities. The growing demand for cloud services, the need for companies to expand their cloud offerings, and the desire to capitalize on the potential synergies and efficiencies that can be gained through consolidation are driving mergers and acquisition activities in the India public cloud market. Additionally, with the bolstering IT sector and rising complexities of businesses, the players in the market are looking for strategic acquisitions and mergers to expand their offerings and cater to the growing demand for SaaS in the country. Innovations in areas like edge computing and the Internet of Things (IoT) integration are enhancing the capabilities of cloud services and opening new possibilities for companies. Moreover, the rising need for sustainable solutions is expected to propel the growth of India public cloud market over the forecasted period.
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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
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Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
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.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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