According to TechSci Research report, “India Cloud Storage Market – By Region, Competition Forecast & Opportunities, 2018–2028,” The India Cloud Storage market is poised for substantial growth during the forecast period from 2018 to 2028. Cloud storage refers to the market where data and files are stored and accessed over the internet, rather than on physical hard drives or local servers. This market has witnessed significant expansion as more businesses and individuals adopt cloud storage solutions for their data storage needs. Key players in the cloud storage market include Amazon Web Services (AWS), Microsoft Azure, Google Cloud, IBM Cloud, among others. The India cloud storage market is expected to sustain its upward trajectory as organizations increasingly transition to cloud computing, driven by the escalating volume of data generated that necessitates robust storage solutions.
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The advent of cloud computing has revolutionized the data protection, storage, and backup landscape by offering models that enable businesses to manage, access, and store data on remote cloud servers via the internet. Cloud computing is characterized by high levels of data security and protection, cost efficiency, remote access capabilities, and automated backup processes, all of which are anticipated to spur its adoption across various industries in India. The rising demand for software-defined storage and hybrid cloud solutions has led to the emergence of hyper-converged storage solutions. Additionally, the growing trend towards edge computing is expected to accelerate the adoption of cloud computing, thereby increasing the demand for data storage and backup solutions across different sectors.
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In August 2020, Reliance Jio announced a partnership with Microsoft Corporation India Pvt. Ltd. to introduce Jio’s cloud services leveraging Microsoft Azure’s infrastructure. This collaboration aimed to provide scalable cloud solutions specifically targeted at small and medium enterprises (SMEs) in India. Similarly, Google India Pvt. Ltd. disclosed plans to launch a new cloud region in Delhi-NCR in 2021, enhancing performance, reducing latency, and improving access to Google Cloud Platform services, including cloud storage, for Indian customers. Furthermore, Amazon Internet Services Private Limited (AISPL) outlined its intention to invest USD 2.8 billion in establishing multiple data centers in Hyderabad, India, as part of AWS’s strategy to expand its cloud infrastructure in response to escalating demand for cloud services.
The India Cloud Storage market is segmented into type, deployment mode, by organization size, end user, region and competitive landscape.
The IT and telecom industries have been significantly impacted by the growing popularity of cloud storage, which has caused a spike in cloud spending. While maintaining unified collaboration and communication with a sizable content delivery network, it has decreased administrative and operational costs for the IT and telecom sectors. Furthermore, cloud storage service providers enable telecom sectors to concentrate on core services rather than server updates and maintenance. Cloud, 5G, AI, and digital transformation will be among the top priorities for the IT and telecommunications industries.
Major players operating in India Cloud Storage market include:
- Amazon Internet Services Private Limited (AISPL)
- Microsoft Corporation India Pvt. Ltd.
- IBM India Private Limited
- Google India Pvt Ltd
- Hewlett Packard Enterprise India Pvt Ltd
- Dropbox Inc.
- VMware Software India Private Limited
- Cisco Systems (India) Private Limited
- Oracle India Private Limited
- CTRLS Datacenters Ltd
Major companies are developing advanced technologies and launching new solutions to stay competitive in the market. Other competitive strategies include mergers & acquisitions.
The cloud storage market in India is expected to see growth due to increased consolidation through mergers and acquisitions as companies seek to expand their market presence. The government of India has also implemented various initiatives to promote the use of cloud storage, which is expected to drive the market growth in the coming years.
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“The widespread use of connected devices like smartphones and smart speakers is pushing information technology (IT) companies to invest in cloud storage to effectively store the growing amount of data that these devices are producing. Furthermore, the popularity of Over the Top (OTT) content streaming services is rapidly increasing. With an increasing number of customers opting for premium services, OTT service providers are expected to invest in cloud storage to increase the volume of content available on their platforms while lowering operating costs associated with data infrastructure.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Cloud Storage Market By Type (Solution and Service), By Deployment Mode (Private, Public and Hybrid), By Organization Size (Large Enterprises and SMEs), By End User (BFSI, IT & Telecom, Retail, Healthcare, and Others), By Region, Competition Forecast and Opportunities, 2018-2028,” has evaluated the future growth potential of India Cloud Storage Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Cloud Storage market.
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