Future of Cloud and Its Economic Impact: Opportunity for India

Since the pandemic, cloud computing has emerged as a mission-critical technology for enterprises, government, and the consumers. It is not just the underpinning technology for digital transformation, but it is also enabling innovation for and collaboration among ecosystem players.

As India vies to become a $1 trillion digital economy by 2026, cloud computing has the potential to transform the Indian economy technologically and make it more resilient and inclusive.

The “Future of Cloud and Its Economic Impact: Opportunity for India” report aims to understand the economic contribution that cloud can make possible for India and explores the opportunity cost should India fail to accelerate its cloud adoption.

It also presents recommendations for scaling cloud adoption in India: Address mindset challenges & perceptions, incentivize SMBs to adoption cloud, improve cloud adoption in central and state governments, rapidly scale talent through re-skilling and up-skilling programs and amend cloud related policies to ease cloud deployments.

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Key Findings

India’s public cloud market stood at $5.6 billion in 2021, 44% CAGR over 2016-2021
Expanding ecosystem of digital enterprises: 53% Of enterprises have increased their cloud adoption over the last one year; 84% Of large organizations have adopted SaaS
Ability to quickly launch new products / services and Better customer engagement / experience – Top 2 drivers of cloud adoption
Limited understanding of cloud features / benefits and Integration of legacy systems/applications and migration – Top 2 barriers

Potential to account for ~8% relative share of India’s GDP in 2026 – 4X growth over the next five years
Create 14 million jobs in 2026 – grow 3X over the next five years
Opportunity cost of slow adoption: ~US$118 billion GDP contribution at the risk of being lost

End user industries: Commit to a time bound, cloud-oriented roadmap, and set aside required resources
Service Providers: Evangelize cloud adoption by alleviating perception barriers, investing in proof of concept and providing financial & technical support for select segments like SMBs
Government: Define frameworks around data classification, privacy and security in line with global standards
Academia & Associations: Position India as global cloud talent hub by strengthening formal education programs and reskilling technology workforce

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