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.