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Market Forecast and Opportunities on India Cloud Computing to 2020

  • Date Submitted: 12/14/2015 02:58 AM
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Market reports on India presents the latest report on “Market Forecast and Opportunities on India Cloud Computing to 2020” http://www.marketreportsonindia.com/technology-media-market-research-reports-12383/india-cloud-computing-market-forecast-opportunities.html   This report to help industry consultants, manufacturers and other stakeholders align their market-centric strategies.

14th Dec 2015, – Navi Mumbai, India: Market reports on India presents the latest report on “Market Forecast and Opportunities on India Cloud Computing to 2020”. This report to gain an in-depth understanding of cloud computing market in India.

Cloud computing has been witnessing increasing market traction within major geographies across the globe. In India, the market for cloud based data storage services is currently in growing phase due to their rising adoption in large business setups as well as small and medium size enterprises (SMEs). Cloud computing technology offers tremendous cost benefits over traditional in-house systems for data storage. However, migrating to cloud is marred with its own set of challenges such as incompatibility with legacy systems and data security issues. However, the adoption of cloud computing services in India is gaining attraction, with increasing participation expected to be witnessed from both private as well as government sector. Furthermore, cloud vendors are increasingly devising innovative pricing modules to cater to a wider consumer segment.

“India Cloud Computing Market Forecast & Opportunities, 2020”, the market for cloud computing services in India is projected to grow at a CAGR of over 22% during 2015-2020. Increased government spending on National Optical Fibre Network (NOFN) and various e-governance portals, coupled with growing acceptance of cloud services in SME segment is expected to drive the market for cloud computing. SaaS is set to top the charts as the largest cloud service segment, occupying over 40% share in the market by...

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