India Cloud Computing Market Size, Growth Analysis Report, Forecast To 2032 | MRFR

 

The Indian cloud computing market is experiencing a significant boom, driven by factors like digitalization and economic growth. Here's a glimpse into the market:

Rapid Growth:

India Cloud Computing Market Size was valued at USD 6.2 Billion in 2022. The Cloud Computing Market industry is projected to grow from USD 7.2 Billion in 2023 to USD 25.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.20% during the forecast period (2024 - 2032).

Key Companies in the Cloud Computing Market include,

  • Tata Consultancy Services
  • Infosys
  • Wipro Limited
  • Zenith InfoTech Limited
  • CipherCloud
  • Cirrologix Private Limited
  • Ctrls Datacenters Limited
  • Clogeny Technologies Private Limited
  • App Point
  • iNube Software Solutions Pvt Ltd

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Adoption Drivers: 

Several factors are propelling cloud adoption in India. Businesses are increasingly recognizing the benefits of scalability, agility, and cost-effectiveness that cloud solutions offer. Additionally, the ability to launch new products and services quickly and enhance customer engagement are major drivers for cloud adoption.

Challenges Persist: 

Despite the optimistic outlook, some challenges remain. Limited understanding of cloud features and complexities of migrating legacy systems to the cloud are hurdles that need to be addressed.

Overall, the Indian cloud computing market is on a fast track, fueled by digital transformation and offering immense economic opportunities.

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