Onshape a full-cloud CAD company launched its operations in India

India: Onshape Inc., a software company headquartered in the United States has formally launched their India operations in Pune. The company launched their operations in India and specifically in Pune because of the presence of lot of CAD and geometric modelling experience.

The company has shifted their entire process to a cloud-based system which can be easily accessed through the mobile phones as well as it does not require an app or browser to plug in. This feature allows user to share the file with multiple users and collaborate. In addition, it enables the user to make the changes to the same version of the file instead of emailing updated files back and forth.

TechSci Research analyses that the India market is a big opportunity for the cloud computing players. Due to the double digit growth of the cloud computing market, various players are setting their foothold in the country to expand their geographical reach to increase their profits.

TechSci Research, a market research and consulting firm closely analyse the development in the cloud computing market and has published a report on the topic. According to recently published report, “India Cloud Computing Market Forecast & Opportunities, 2020”, the market for cloud computing services in India is projected to grow at a CAGR of over 22% during 2015-2020. Increased government spending on National Optical Fibre Network (NOFN) and various e-governance portals, coupled with growing acceptance of cloud services in SME segment is expected to drive the market for cloud computing. SaaS is set to top the charts as the largest cloud service segment, occupying over 40% share in the market by 2020. However, cloud services are likely to face stiff challenges pertaining to data security, vendor lock-in period and less availability of quality IT hardware infrastructure in semi-urban regions across the country.