Amritsar, NFA Post: As developing digital information technology (IT) infrastructure to support resilient operations becomes a priority, more than 60% of India’s business organisations are re-strategising their IT spending plans and planning to accelerate investment in cloud infrastructure, research firm International Data Corporation said.
“Cloud continues to be the underpinning platform for all digital transformation initiatives and has therefore seen an acceleration in demand… The role of providers will become crucial in helping organisations flatten the curve and leverage cloud in their next normal,” said Rishu Sharma, principal analyst for cloud and artificial intelligence at IDC India.
Most organisations in India have already adopted cloud at some point in time, but the pandemic has pushed companies to spend more on public cloud infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) solutions, and software-as-a-service (SaaS), the research firm said in its Covid-19 impact survey.
Public cloud services market in India is projected to touch $7.1 billion by 2024 growing at a compounded annual growth rate of 20.3% between 2019-24.
SaaS services form the largest component of the overall public cloud services market in the country, which is followed by IaaS and PaaS.
According to the survey, more than 56% of the organisations plan to up their spend on SaaS services, as a result of the pandemic.
