Public cloud services adoption has accelerated since the onset of the global pandemic and the end-user spending on public cloud services in India is forecast to total $7.3 billion in 2022, an increase of 29.6% as per the predictions by Gartner. The pandemic was a tipping point for Indian businesses to realize the true value of public cloud.
While still on the rise, Indian end-user spending on public cloud next year will be slower than the 34.6% growth forecast in 2021. Indian CIOs are expected to focus their cloud investment on cloud system infrastructure services (IaaS). This segment is forecast to total $2.4 billion in 2022, up 40% from 2021. IaaS will make up 32.3% of the total investments in public cloud services in 2022.
The reason for growth is attributed to the policy infrastructure, which is emerging as an important contributor to public cloud growth including recently launched public cloud government initiatives Meghraj and Cloud Vision for India 2022, useful for small and medium businesses or those who are in the early stage of cloud adoption to benefit from this technology.
“Public cloud growth continues to be driven by organizations that want to modernize their IT and reduce their capital expenditure. The desire for agility and innovation in both business transformation and IT operations is also fueling the growth of public cloud,” said Nag.
