Infrastructure as a Service - India

  • India
  • Revenue in the Infrastructure as a Service market is projected to reach US$3.81bn in 2024.
  • 0 dominates the market with a projected market volume of 0 in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 25.64%, resulting in a market volume of US$11.93bn by 2029.
  • In global comparison, most revenue will be generated in the United States (US$77,050.00m in 2024).

Key regions: United Kingdom, China, France, Netherlands, Germany

 
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Analyst Opinion

The Public Cloud Market in India is seeing substantial growth, driven by factors like increasing adoption of digital technologies and rising awareness about online health services. The market's growth rate is being impacted by the convenience and cost-effectiveness offered by Infrastructure as a Service.

Customer preferences:
As more businesses in India adopt cloud-based solutions, there has been a noticeable increase in demand for Infrastructure as a Service (IaaS) within the Public Cloud Market. This can be attributed to the growing trend of virtualization and the need for cost-effective and scalable computing resources. Additionally, the rise of remote work culture and the need for secure data storage and management have also played a significant role in driving the adoption of IaaS in the country.

Trends in the market:
In India, the Infrastructure as a Service Market within the Public Cloud Market is experiencing a surge in demand due to the increasing adoption of cloud computing and digital transformation initiatives by businesses. This trend is expected to continue as more companies realize the benefits of cost savings, scalability, and flexibility offered by Infrastructure as a Service. Additionally, the government's focus on promoting digital initiatives and investments in infrastructure development is further driving the growth of this market. This presents significant opportunities for industry stakeholders to tap into this expanding market and offer innovative solutions to meet the evolving needs of businesses.

Local special circumstances:
In India, the Infrastructure as a Service Market within the Public Cloud Market is experiencing significant growth due to the government's push for digital initiatives and the increasing adoption of cloud computing. This is driven by the country's large and diverse population, as well as its rapidly growing economy. Additionally, India's strong IT infrastructure and skilled workforce have attracted major players in the cloud market, further fueling its growth. However, the market is also facing challenges such as data sovereignty laws and concerns over data privacy, which are unique to the country and can impact market dynamics.

Underlying macroeconomic factors:
The Infrastructure as a Service Market within the Public Cloud Market in India is impacted by macroeconomic factors such as government initiatives, technological advancements, and investment in digital infrastructure. With the Indian government's push towards digitalization and the rise of innovative technology solutions, the demand for Infrastructure as a Service is expected to grow. Additionally, the country's increasing focus on building a robust digital infrastructure and its strong economic growth are contributing to the growth of the Public Cloud Market and the Infrastructure as a Service segment within it. Furthermore, the rising adoption of cloud technology by small and medium enterprises and the increasing demand for cost-effective and scalable solutions are also driving the growth of the Infrastructure as a Service Market in India.

Methodology

Data coverage:

The data encompasses B2B and B2C enterprises. Figures are based on the money spent at manufacturer price level (excluding VAT).

Modeling approach / Market size:

The segment size is determined through a top-down approach. We use financial statements such as annual reports, quarterly earnings, and expert opinions to analyze the markets. To estimate the segment size for each country individually, we use relevant key market indicators and data from country-specific industry associations, such as GDP and level of telecommunications infrastructure.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the relevant segment. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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