India Cloud Computing Market Size & Outlook, 2024-2030
India cloud computing market, 2018-2030 (US$M)
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India cloud computing market highlights
- The India cloud computing market generated a revenue of USD 10,791.9 million in 2023 and is expected to reach USD 58,523.3 million by 2030.
- The India market is expected to grow at a CAGR of 27.3% from 2024 to 2030.
- In terms of segment, software as a service (saas) was the largest revenue generating service in 2023.
- Infrastructure as a Service (IaaS) is the most lucrative service segment registering the fastest growth during the forecast period.
Cloud computing market data book summary
| Market revenue in 2023 | USD 10,791.9 million |
| Market revenue in 2030 | USD 58,523.3 million |
| Growth rate | 27.3% (CAGR from 2023 to 2030) |
| Largest segment | Software as a service (saas) |
| Fastest growing segment | Infrastructure as a Service (IaaS) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS) |
| Key market players worldwide | Alibaba Group Holding Ltd ADR, Amazon.com Inc, DigitalOcean Holdings Inc, Alphabet Inc Class A, GigaCloud Technology Inc Class A, International Business Machines Corp, Microsoft Corp, Oracle Corp, Rackspace Technology Inc Ordinary Shares, Salesforce Inc, Tencent Holdings Ltd ADR, The Descartes Systems Group Inc |
Other key industry trends
- In terms of revenue, India accounted for 1.8% of the global cloud computing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China cloud computing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 58,523.3 million by 2030.
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Cloud Computing Market Scope
Cloud Computing Market Companies
| Name | Profile | # Employees | HQ | Website |
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India cloud computing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cloud computing market will help companies and investors design strategic landscapes.
Software as a service (saas) was the largest segment with a revenue share of 55.08% in 2024. Horizon Databook has segmented the India cloud computing market based on infrastructure as a service (iaas), platform as a service (paas), software as a service (saas) covering the revenue growth of each sub-segment from 2018 to 2030.
In India, enterprises are gradually realizing the niche role cloud computing can play in digital transformation and in accelerating India's economic growth and societal advancement. Investments being made in India by some of the leading market players, such as Accenture, International Business Machines Corporation, and Microsoft Corporation, are expected to provide lucrative opportunities for the growth of the market.
For instance, in March 2022, Microsoft Corporation announced plans to establish the company's latest datacenter region in Hyderabad in the Indian state of Telangana. The strategic investment is in line with Microsoft Corporation's commitment to assisting clients in thriving in an AI- and cloud-enabled digital economy.
In India, the company already has three regions across the cities of Mumbai, Pune, and Chennai, and the Hyderabad region would be a new addition to this network, providing the company’s full portfolio spanning the cloud, data solutions, Customer Relationship Management (CRM), productivity tools, and AI along with modern data protection for governmental organizations, businesses, start-ups, educational institutions, and developers.
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Horizon Databook provides a detailed overview of country-level data and insights on the India cloud computing market , including forecasts for subscribers. This country databook contains high-level insights into India cloud computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India cloud computing market size, by service, 2018-2030 (US$M)
India Cloud Computing Market Outlook Share, 2024 & 2030 (US$M)
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