India’s Growing Cloud Computing Sector
India’s IT sector is not only the fastest growing area in Asia and the Pacific region but the entire world, according to research firm IDC. IT spending (hardware, software and services) in India is expected to grow 8 percent in 2016, compared to less than 2 percent in the rest of Asia, and accelerate to double-digit growth in 2017. India’s IT explosion closely mirrors that of China a decade ago, with India slated to overtake Canada and Australia to become a top-ten IT market by 2020.
It’s hardly surprising, then, that the cloud computing market in India is likewise experiencing exponential growth. IDC projects that global public IT cloud spending will grow six times faster than overall IT growth through 2019. Gartner also reports that cloud spending in India is projected to grow from $638 million in 2014 to $2 billion in 2018, which is a robust 33 percent compound annual growth. This growth has caught the attention of both companies and India’s government and is being used in the following ways:
Businesses Offering Cloud Services
Amazon is opening an infrastructure region for its Amazon Web Services in India in 2016. This will make it easier for businesses to seamlessly move their workloads to the cloud. Large businesses, SMBs and startups in India are excited by the flexibility, scalability and pay-as-you-go features of the cloud model. They are rapidly shifting from on-premises computing models to cloud models.
Government Transitioning to the Cloud
India’s government is spearheading the transition to the cloud with initiatives like the eHospital Online Registration mobile app, which is a cloud service that links to hospitals in the country to help people book hospital appointments online. Another initiative is PRAGATI, which is an interactive platform that the government uses to monitor its numerous projects and to handle grievances by citizens.
However, there are some hurdles that need to be cleared before cloud computing can become a reality for every Indian business and citizen. These include things like bandwidth reliability issues, infrastructural challenges, shortages of funds and management issues. Nevertheless, cloud opportunities in India remain huge, considering that 250 million Indians use Internet-enabled devices that rely on cloud-based services and applications, according to Forbes. It’s just a matter of time until cloud computing is the dominant method in India.