Bengaluru, NFAPost: Building world-class digital IT infrastructure supporting resilient operations and pervasive experiences becomes a key priority, IDC India research finds that organisations in India are re-strategising their IT spending plans. Here IDC India finds that more than 60% of the Indian organisations plan to leverage cloud platforms for digital innovation based on IDC COVID-19 impact survey
Accelerating investment in an agile cloud infrastructure is seen as a part of the solution to the challenges arising from the spread of the pandemic Covid-19. Also, there is a realisation that business will go in a slow pace looking at global uncertainties and slump in economic activities.
Commenting on the development, IDC India Principal Analyst For Cloud and Artificial Intelligence Rishu Sharma said cloud continues to be the underpinning platform for all digital transformation initiatives and has therefore seen an acceleration in demand.
“Strategic investments in technology will become imperative to minimize the adverse impact and make businesses more resilient. The role of providers will become crucial in helping organizations flatten the curve and leverage cloud in their next normal,” says IDC India Principal Analyst For Cloud and Artificial Intelligence Rishu Sharma.
It is a reality India public cloud services (PCS) market is projected to touch $7.1 billion by 2024 growing at a CAGR of 20.3% between 2019-2024. Besides SMBs and large organisations along with government realise the fact that cloud serves as a foundation to modernise IT and businesses by providing flexibility, scalability, and agility.
Although most organisations in India have adopted cloud at some stage, the current pandemic situation has now enabled organizations to spend more on public cloud infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) solutions, and software-as-a-service (SaaS).
The IDC research states that from a segment perspective, SaaS forms the largest component of the overall public cloud services market in India, followed by IaaS and PaaS. With the changing strategy, over 56% of the Indian organisations plan to increase their spend on SaaS services, as a result of Covid-19. In 2019, the top two providers in the SaaS segment accounted for nearly 52% of the total SaaS market. In the IaaS segment, the top two providers accounted for over 78% in 2019.
Giving a realistic perspective, IDC India Senior Market Analyst For Artificial Intelligence Swapnil Shende said Covid-19 significantly impacted organisations looking at cloud for business continuity and gaining resiliency.
“Organisations are planning to leverage cloud for digital innovation and accessing innovative ecosystems, in addition to gaining flexibility and meeting up additional demands,” says IDC India Senior Market Analyst For Artificial Intelligence Swapnil Shende.
The above analysis has been published in a new IDC report, ‘Market Analysis Perspective: India Cloud, 2020 ’ (Doc #AP45509319, Sep 2020), that examines the state of the India cloud market focusing on aspects including the overall size of the public cloud market in India, the forecasted growth, organisations’ plans, leading players across segments, and how organizations will be leveraging cloud transitioning to the next normal. The report is part of IDC’s India Artificial Intelligence and Cloud Ecosystem program.