Indian Public Cloud services market to reach $24.2 billion by 2028: IDC

The Indian Public Cloud services market is projected to reach $24.2 billion by 2028, according to a report by the International Data Corporation (IDC). This growth will occur at a compound annual growth rate (CAGR) of 23.8%, indicating a rapid expansion in the sector.

  Several factors are driving this robust growth. Firstly, there is an increasing adoption of cloud services across various industries in India, such as IT, banking, and government sectors. Businesses are increasingly relying on cloud technologies for scalability, cost-efficiency, and enhanced data security. Additionally, the rise of digital transformation initiatives and the growing need for remote working solutions post-pandemic have accelerated cloud adoption.

Moreover, the government’s focus on digitization and its supportive policies for cloud infrastructure development are contributing significantly to this growth. The push towards smart cities and digital governance requires robust cloud infrastructure, further propelling the market.

Major cloud service providers, including Amazon Web Services (AWS), Microsoft Azure, and Google Cloud, are also expanding their presence and investment in India, which is fostering a competitive environment and encouraging innovation in cloud services‚Äč

For businesses and IT professionals, this growth signifies ample opportunities for leveraging cloud technologies to optimize operations and drive innovation. The expanding market also calls for enhanced cybersecurity measures to protect the growing amount of data hosted on the cloud.

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