India Cloud Market Forecast, 2024-2028

This IDC study provides IDC forecast and spending for the India PCS market for the 2023-2028 forecast period. Forecast is provided for the three submarkets, that is, IaaS, PaaS, and SaaS, in detail. This study also offers advice to public cloud SPs on various opportunities and strategies to grow their public cloud services business. Subsequently, this study introduces in detail the drivers and inhibitors of this market and significant developments in it. "While enterprises continue to modernize IT on infrastructure-as-a-service offerings, core business applications are showing a growing trend toward SaaS models on public cloud. These offerings are further enhanced by generative AI (GenAI) technologies to improve user experience and productivity. While SaaS will drive public cloud adoption, strong growth comes from platform-as-a-service offerings, such as fully managed databases and serverless technologies for deploying pure cloud-native applications and modern data management infrastructure. In addition, the adoption of GenAI to streamline operations, improve CX, and increase innovation will also drive public cloud services growth," says Rajiv Ranjan, associate research director, IDC.