The cloud market in India is experiencing rapid growth, projected to have a CAGR of 23.4% from 2022 to 2027. This expansion is primarily fueled by factors such as the widespread adoption of cloud-based services by businesses of all sizes, improved internet connectivity, and the government's emphasis on digital transformation.
A close look at the changing technology trends and one can observe three major changes in the cloud market in recent years. One, there is a shift from on-premises to cloud-based deployments; two, the adoption of hybrid cloud solutions is on the rise; and three, there is a growing demand for specialised Cloud services, such as artificial intelligence (Al) and machine learning (ML).
Shift from on-premises to Cloud-based deployments: Businesses are increasingly opting for cloud-based deployments due to the cost savings and flexibility offered by cloud computing. By embracing the cloud, companies can save on hardware and software costs, while also being able to scale their cloud resources as required. This shift has become a preferred choice for many organisations seeking enhanced efficiency and reduced IT overheads.
Adoption of hybrid Cloud solutions: The surge in hybrid cloud solutions adoption addresses the need for businesses to leverage both on-premises and cloudbased resources. This becomes especially crucial for enterprises that must comply with data sovereignty regulations, ensuring sensitive data remains onpremises while benefiting from cloud scalability for other operations. Hybrid cloud solutions provide the best of both worlds, empowering companies to maintain control over critical data while leveraging cloud services for other applications.
This story is from the August,2023 edition of Voice and Data.
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This story is from the August,2023 edition of Voice and Data.
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