Cloud is the No. 1 Investment Among Indian Enterprises
New study from Current Analysis
Singapore – 4 Sept 2014 - According to a new study by market research and advisory firm Current Analysis, a significant 68 percent of enterprises in India, with 100-plus employees, are using Cloud-based services, while the remaining 32 percent plan to do so over the next 24 months.
This is in line with trends in the larger Asia Pacific market where the adoption of Cloud-based services is as high as 65 percent. To give a perspective, in North America this number is 68 percent, says the study that spanned in 19 countries across four key regions globally.
“India is fast emerging as a high-growth market for Cloud services, led thus far by the private Cloud segment. However, there is huge potential for adoption of public Cloud services, which are in their early stages of market development and would need greater thrust from players such as IBM SoftLayer, Amazon Web Services, Microsoft Azure, Google, NTT Communications and Rackspace, to win enterprise trust and confidence for moving their workloads on the public Cloud,” said Harish Taori, Research Director for the Asia Pacific region at Current Analysis.
The study also finds that the scale of Cloud services adoption easily surpasses those of other new-generation ICT services including Big Data and Enterprise Mobility. While a significant 39 percent of the respondents ranked Cloud as their no. 1 investment priority in India, 16 percent said it would be Big Data while 12 percent favoured Enterprise Mobility. Network Security jointly ranked as the no. 2 investment priority, along with Big Data.
“It is highly notable that Cloud has emerged as a leading investment priority for Indian enterprises, surpassing even Network Security investments. However, this certainly doesn’t amount to the ICT decision makers lowering their guards when it comes to the all-vital area of IT security. It is just that they have gotten comfortable with the private clouds set up by their long-standing IT service partners like TCS, IBM, HP, Wipro and Tech Mahindra, among others,” said Deepak Kumar, Principal Analyst, APAC, Current Analysis.
* * *
Notes to Editors
This information is based on Current Analysis’ new study: Enterprise ICT Investment Insights Study 2014.
The key objective of this research study was to understand Enterprise ICT Investment priorities globally. The study was conducted online through web survey, targeting the enterprises between 100 and 10,000 employees as applicable. Survey respondents include CxOs, Line of business managers, department heads and IT Managers, who either are directly responsible for taking IT purchase decisions or influence those decisions. The study started in June and finished by end of July.
About Current Analysis
Current Analysis, Inc. is a leading provider of timely, practical market intelligence and advice that helps global IT and telecom professionals compete, innovate and improve performance. For over 15 years, our independent experts and proprietary services have empowered fast-paced companies to quickly identify opportunities to drive growth and market leadership. Relied upon as an unbiased and trusted partner, Current Analysis serves more than 35,000 professionals representing over 1,300 enterprises. Headquartered in the Washington D.C. metro area, we provide global reach with offices in Paris, London, and Singapore. Learn more now at http://www.currentanalysis.com.