Cloud And Startups On The Balance

In the contemporary era, the competitive technology landscape committed to serve flawless, top-notch services on the internet by eliminating the additional cost of infrastructure and software has stimulated the growth of Cloud computing. The high trajectory growth witnessed in cloud market has reflected across organizations looking for scalability and better functionality. In the Indian context, the adoption of innovative technologies such as Big Data, analytics, AI and IoT across business enterprises is promising to push cloud market to USD 7.1 billion by 2022. The software as a service (SaaS) market in India is estimated to grow at 36 percent per annum to reach USD 3.3 ­ 3.4 billion by 2022. India is second only to China as the largest growing cloud services market in Asia Pacific. Nasscom, a global research firm estimated the size of India's public cloud market to mark USD 4.8 billion by 2022. The firm has further forecasted the Indian infrastructure as a service market to grow from USD 1 billion in 2018 to USD 2.4 billion by 2022.

10 Most Recommended Cloud Startups - 2020

In the contemporary era, the competitive technology landscape committed to serve flawless, top-notch services on the internet by eliminating the additional cost of infrastructure and software has stimulated the growth of Cloud computing. The high trajectory growth witnessed in cloud market has reflected across organizations looking for scalability and better functionality. In the Indian context, the adoption of innovative technologies such as Big Data, analytics, AI and IoT across business enterprises is promising to push cloud market to USD 7.1 billion by 2022. The software as a service (SaaS) market in India is estimated to grow at 36 percent per annum to reach USD 3.3 ­ 3.4 billion by 2022. India is second only to China as the largest growing cloud services market in Asia Pacific. Nasscom, a global research firm estimated the size of India's public cloud market to mark USD 4.8 billion by 2022. The firm has further forecasted the Indian infrastructure as a service market to grow from USD 1 billion in 2018 to USD 2.4 billion by 2022. Some of the key reasons that drive such a marginal growth would be the increased awareness, consumerization of IT, startup proliferation, the diversity in Cloud supplier ecosystem, and the rising investment in infrastructure and talent acquisition. It is worth noticing that Cloud has not just benefitted Indian ISVs, but also transformed the services of traditional companies at large. Different Cloud models have strengthened the managed services competency of the Indian companies. In the largest growing Cloud services market in Asia Pacific region, India is second only to China. A recent survey by Microsoft India and Thought Arbitrate Research Institute says that, SMBs can increase cash flows by up to 308 percent because of the flexibility provided by Cloud solutions. It also reveals that 96 percent of SMBs witnessed a positive impact on their operating expenses within two years of Cloud use. CIO Insider's distinguished panel consisting of CEOs, CIOs, VCs, analysts and the editorial team presents `10 Most Recommended Cloud Startups 2020' after observing the current market scenario of Cloud computing and its demand in India.