It is expected that the Cloud Computing Market in India would grow at a rapid clip from 2024 to 2028. New technologies, such as AI and ML, enable businesses to make use of AI capabilities, which in turn fuels cloud growth. The current COVID-19 epidemic poses a serious threat to the international economy. In the face of lockdowns, social distancing, remote employees, as well as other market demands, businesses may find relief in cloud computing. Remote work is becoming more popular among organisations, executives, and employees as a result of the pandemic.
Working from home has become increasingly common and is likely to stick around for a while. The rapid adoption of cloud computing by a large fraction of India's small and medium-sized businesses is a major factor propelling the market forward. The market in India for cloud computing is expected to grow at a double-digit CAGR during the projected period, helped along by increased investments in cloud data centre building.
The advancement of the cloud computing market could be hastened by the widespread adoption of AI and ML. Traditional business solutions, data management, like big data & analytics, cloud computing, and more cutting-edge features like AI and ML, all contribute to the optimisation of business operations, which in turn leads to reduced operational costs and greater efficiency. The proliferation of its use across sectors such as healthcare, banking, transportation, and manufacturing has contributed to the development of the cloud computing market.
Source: Techsci Research
Organisations in today's high-tech digital environment need to constantly develop and trial new technologies in cloud computing, all while keeping an ear to the ground for signs of change from both customers and the market. The rapid shift towards automated processes and data-driven decision-making throughout the business landscape has now reached the realm of marketing in the cloud. India's cloud computing market is growing rapidly thanks to this trend. In-depth information about hybrid cloud options is provided here.
A hybrid cloud solution is a mix of private and public cloud services that work together to deliver a unified IT environment. It enables businesses to take advantage of the benefits of both on-premise and cloud infrastructure by allowing them to keep sensitive data and applications in-house, while also utilizing the scalability, cost-effectiveness, and flexibility of public cloud services.
One of the biggest benefits of hybrid cloud solutions is their scalability. Hybrid cloud solutions allow businesses to quickly and easily scale their infrastructure up or down depending on their needs. Public cloud resources can be used to handle peak workloads, while private cloud resources can be used for sensitive data and applications that require strict security and compliance measures. This means that businesses can take advantage of the cost savings and flexibility of public cloud services without compromising the security and compliance requirements of their sensitive data and applications.
Hybrid cloud solutions are cost-effective because they allow businesses to leverage existing IT infrastructure and resources while also taking advantage of the cost savings of public cloud services. This means that businesses can save money on hardware, maintenance, and data management, while also ensuring that they have the flexibility and scalability they need to remain competitive.
Security is a top concern for businesses that handle sensitive data and applications. Hybrid cloud solutions provide enhanced security features that can help businesses protect their data and applications from cyber threats. Private cloud resources can be used to store sensitive data and applications that require strict security measures, while public cloud resources can be used for less sensitive workloads. This means that businesses can take advantage of the cost savings and flexibility of public cloud services without compromising the security of their sensitive data and applications.
Hybrid cloud solutions are flexible because they allow businesses to choose which workloads to run in the public cloud and which to keep in-house. This means that businesses can prioritize workloads based on their needs, which can help them save money and improve overall efficiency. For example, businesses can choose to run less sensitive workloads in the public cloud to take advantage of the cost savings and scalability of public cloud services, while keeping sensitive data and applications in-house to ensure compliance and security.
Hybrid cloud solutions offer disaster recovery options, ensuring that businesses can quickly recover their data and applications in the event of a disaster. By utilizing both private and public cloud resources, businesses can create a robust disaster recovery plan that ensures business continuity.
Hybrid cloud solutions can provide better performance than public cloud solutions. Public cloud solutions can experience performance issues due to network latency and other factors. By keeping critical data and applications in-house and using public cloud resources for less sensitive workloads, businesses can ensure that their critical workloads have the performance they need.
Many businesses are subject to strict compliance requirements, such as HIPAA, GDPR, and PCI-DSS. Hybrid cloud solutions can help businesses meet these compliance requirements by allowing them to keep sensitive data and applications in-house and by providing enhanced security features for public cloud resources.
Hybrid cloud solutions can increase business agility by allowing businesses to quickly and easily adapt to changing market conditions. By utilizing both private and public cloud resources, businesses can respond to changing demands and market conditions more quickly and efficiently.
Hybrid cloud solutions can improve collaboration by providing a unified IT environment. By utilizing both private and public cloud resources, businesses can provide their employees with access to the tools and applications they need to collaborate effectively, regardless of their location.
Finally, hybrid cloud solutions can lead to a better customer experience. By utilizing both private and public cloud resources, businesses can ensure that their applications and services are always available and performing optimally.
Hybrid cloud solutions can be deployed in several ways. One approach is to use a cloud management platform that enables businesses to manage their on-premise and public cloud resources through a single dashboard. This approach allows businesses to monitor their infrastructure, automate tasks, and optimize their workloads across multiple environments.
Another approach is to use a cloud provider that offers both private and public cloud services. In this case, businesses can take advantage of the provider's expertise and infrastructure to manage their hybrid cloud solution.
Hybrid cloud solutions offer a range of benefits for businesses. From scalability and cost-effectiveness to security and improved customer experience, hybrid cloud solutions can help businesses remain competitive in today's digital age. If you are considering a hybrid cloud solution for your business, it is important to work with a trusted provider who can help you identify the best combination of on-premise and cloud resources to meet your unique needs and goals.