NASSCOM Cloud: Next Wave of Growth in India 2019

The report, analyses the present and the future state of the India Cloud market, identifies the major technology trends, issues and concerns of the industry in detail. It also analyzes the IaaS & SaaS demand and adoption levels across various industry verticals and the key challenges impacting uptake in India

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Key Findings

Cloud spending in India is estimated at USD 2.5 Bn. in 2018 accounting for only 6% share of IT spending compared to a global average of 7.9% and average of leading countries of 11.4%
Cloud spending in India is estimated to grow at 30% p.a. to reach USD 7.1 – 7.2 Bn. in 2022

Indian IaaS spending is estimated at USD 1 Bn. (2018), forecasted to grow at 25% p.a. to reach USD 2.3 – 2.4 Bn. in 2022
Improved infrastructure facilities, economic benefits, increased innovation, vibrant start up ecosystem and connected ecosystem are driving IaaS uptake in India

SaaS exports from India are estimated to reach USD 19 – 20 Bn. by 2022, contributing ~15% of the total global demand
Recent adoption and growth of computing and a digital ecosystem, better product fit, opportunity in SME sector, increasing adoption by start-ups are driving SaaS demand in the domestic market

A sharper focus on the multitude of other critical infrastructural and operational factors (reliable power, sustainable land regulations, high-speed connectivity) driving cloud growth in India will lead to an expedited growth in the country

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