Cloud computing is emerging as a potential tech based solution for Indian business ventures. Several firms are now shifting adopting cloud technology for a better managing of operations.
We are thriving in a tech-dominated and data-driven world, wherein every step we have started relying on technology. Indian business sectors with this gradual advancement of technology have now started to scout for cloud computing technology for a seamless workflow and operations. Taking over the customary software and platform as a service, cloud infrastructure has expanded its wings owing to new IT spend coming from small as well as mid-sized businesses. Indian businesses either large or small are today rapidly embracing Infrastructure-as-a-Service (IaaS) to enhance their performance as well as innovation levels.
As per a recent study conducted by Gartner, India’s Public Cloud services market is projected to develop around thirty-eight percent in 2017 and to hit $1.81 billion. The study further reveals that the highest growth will continue to be driven by Infrastructure-as-a-Service or in short (IaaS).
The IaaS portion of the cloud is expected to exceed traditional data center Outsourcing, which is in brief known as DCO. The expected investment in DCO may exceed $677 million by the end of 2021.
The system of cloud computing, in brief, is essentially a bundle of commodity computers networked jointly in the same or different geographical locations, working closely in order to serve a number of customers with different needs as well as the workload on-demand basis with the help of virtualization.
Cloud Computing Changing the Grounds of Indian Business
The Indian business houses with the active assistance of cloud-based computing systems are saving money, streamlining entire system or business operations, and developing exciting innovations due to the new and modern cloud infrastructure services available to them.
According to a report by the Confederation of Indian Industry (CII) mentions that enabling Information Technology related services and riding on the back of telecommunications network, the Cloud computing system can impart a myriad of real-life services ranging from enabling telemedicine, setting up remote-classrooms, creating national citizen health and skills databases as well as developing or building a new cloud-based services industry for generating a potential level of employment.
Cloud computing services broadly exist in three crucial or primary forms - i) Software-as-a-service (SaaS), ii) Platform-as-a-service (PaaS), and iii) Infrastructure-as-a-service (IaaS). As we mention about their practical usage, SaaS is what is offered by the social media sites like Facebook and Twitter, PaaS is generally utilized by software developers to create and manage software over a cloud infrastructure and IaaS gives access to infrastructures such as server space, network connections, and hardware, so one does not need to physically be present at the place of work to maintain or modify.
Each of the three categories is witnessing substantial growth in terms of usage and popularity. According to market research firm Gartner, IaaS is projected to grow at 49.2 percent in 2017 in India, followed by thirty-three percent in Software-as-a-Service (SaaS) and 32.1 percent in Platform-as-a-Service (PaaS).
Factors Driving the Shift to Cloud Technology
1. The expanding economy in India is also imparting a significant uplift to the Small and Medium Enterprises (SMEs). The SMEs that utilize Cloud technologies will get an advantage from lower technology costs and lesser initial investment in technology.
2. A strong drive from the government towards "Make in India" and towards startups will enhance the adoption of Cloud, especially SaaS by start-ups.
3. Development of local data centers is also helping companies to cater to regulatory compliance mandates and give an impetus to migration to the cloud.