India Cloud Migration Services Market Forecast 2024-2032

India Cloud Migration Services Market Forecast 2024-2032

The India cloud migration services market is evaluated to progress at a CAGR of 26.31% during the forecast period, 2024 to 2032. The market was valued at $8842.15 million in 2023, reaching a revenue of $72865.09 million by 2032.

India’s rapidly growing multibillion-dollar cloud services sector is on track for accelerated expansion as more businesses shift their operations to the cloud. In recent years, many Indian enterprises have successfully embraced cloud adoption, driven by strong governmental support, vendor solutions, and established best practices. This has created a favorable environment for cloud computing across the country.

MARKET INSIGHTS

Industry reports indicate a significant trend during the pandemic, with 63% of Indian companies increasing investments in hybrid cloud solutions, surpassing the global average of 46%. This strategic shift was aimed at mitigating the impacts of the COVID-19 crisis. Additionally, Zoho Corporation’s IT management division reports that nearly 95% of Indian firms plan to maintain remote work arrangements for the next two years, highlighting the continued reliance on remote work setups.

The convergence of factors such as the rise of remote work, explicit government backing, a robust network of technology providers, and a favorable investment climate-fueled the rapid growth of India’s cloud migration services industry during the pandemic.

Post-COVID 19, India has maintained its strong focus on digital transformation as businesses continue to drive innovation, introduce digital offerings, and streamline operations through automation. Enhancing customer experience has emerged as the top priority for enterprises across the country. A key trend in achieving this goal is the transition from outdated infrastructure to cloud-based systems, which has become the preferred method for modernizing IT frameworks and driving the growth of public cloud services.

Enterprises in India have sustained their momentum in advancing digitalization following the pandemic. This ongoing push for innovation and the introduction of digital products and services underscores a dedicated effort to meet evolving customer demands. A central focus of these efforts has been improving customer experience and aligning business strategies with the need to enhance service delivery and engagement.

Cloud migration has emerged as a key strategy for modernizing IT infrastructure, marking a clear shift away from traditional legacy systems. This growing reliance on cloud-based solutions underscores the drive for greater efficiency, scalability, and adaptability in organizational frameworks. The rapid growth of public cloud services is rooted in this transformative shift, reflecting the strategic approach enterprises are taking to remain agile and competitive in an ever-evolving business landscape.

SEGMENTATION ANALYSIS

The India cloud migration services market segmentation includes organization size, deployment model, application, and vertical. The deployment model segment is further classified into public cloud, private cloud, and hybrid cloud.

Cloud migration services for the public cloud deployment model play a pivotal role for organizations seeking to leverage the advantages of on-demand computing services and infrastructure provided by third-party vendors. The public cloud, represented by leading platforms such as Amazon Elastic Compute Cloud (EC2), Microsoft Azure, IBM Blue Cloud, Sun Cloud, and Google Cloud, offers a broad spectrum of services, including Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS).

Public cloud migration services streamline the transition of an organization’s IT infrastructure, applications, and data into the public cloud environment. This enables businesses, educational institutions, and government agencies to capitalize on state-of-the-art technologies without the financial and operational burden of managing their own infrastructure.

By offering computing resources on a pay-as-you-go basis, the public cloud allows organizations to optimize costs by only paying for the resources they use. Whether it’s artificial intelligence services, developer tools, or storage and compute capacity for various workloads, the public cloud offers a scalable and flexible solution tailored to meet evolving business needs.

COMPETITIVE INSIGHTS

Eminent companies operating in the India cloud migration services market include Infosys Limited, Tata Consultancy Services, HCL Technologies Limited, etc.

Tech Mahindra Limited, an Indian multinational IT company headquartered in Pune, Maharashtra, is a subsidiary of the Mahindra Group, a renowned Indian conglomerate. Specializing in digital transformation, consulting, and business re-engineering, Tech Mahindra operates globally, with a presence in the Americas, Europe, Asia-Pacific, and other regions. The company has 313 offices across more than 90 countries, serving a wide range of industries, including communications, media and entertainment, manufacturing, technology, banking, financial services and insurance, retail, transport, logistics, and more.

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