We all know that India is definitely a country with huge potential market for cloud computing services.Cloud market will present a $10 billion opportunity by 2020 and positions India as a strategic market for global cloud vendors. The worldwide public Cloud services market is expected to grow 17.2 percent to total $208.6 billion this year — up from $178 billion in 2015, market research firm Gartner said. The highest growth will come from Cloud system infrastructure services which is projected to grow 42.8 percent this year, the report said. “Growth of public Cloud is supported by the fact that organisations are saving 14 per cent of their budgets as an outcome of public Cloud adoption,” Sid Nag, Research Director, Gartner, said in a statement. Also Read - FIR filed against Twitter India again, now over child pornography content
Cloud application services is also expected to grow 21.7 percent to reach $38.9 billion this year. IT modernization is currently the top driver of public Cloud adoption, followed by cost savings, innovation, agility and other benefits, the report added. Also Read - Ola to offer free oxygen concentrators to the needy
Cloud computing frees companies from potentially expensive costs of purchasing, managing and maintaining hardware and software infrastructure. Software-as-a-Service (SaaS) is expected to continue to be the biggest spend category within public cloud at $2.6-2.8 billion, followed by Infrastructure-as-a-Service (IaaS) and Platform-as-a-Service (PaaS) cumulatively accounting for $1.2 billion by 2020.
Various governments, including India, have been pushing companies to set up their servers locally so that most of the data transmitted through e-mail or messaging services and stored online do not go out of the country. Most e-mail services, internet browsers and software for various online services have been developed by foreign companies, especially those based in the US. There have been apprehensions that data stored overseas may be intercepted or hacked in an unauthorized manner.
With additional inputs