Report Description

India Cloud Storage Market is expected to grow at a double digit CAGR during 2024-2028, owing to increasing acceptance of software solutions for businesses coupled with the increasing awareness of the Indian government pertaining to cloud storage solutions. Cloud storage is a service that allows users to store data, such as files and documents, on remote servers that can be accessed over the internet. The data is maintained, managed, and backed up by the cloud storage provider, eliminating the need for users to have local storage on their devices. Some of the popular cloud storage services are Amazon Web Services (AWS), Google Drive, Microsoft OneDrive, and Dropbox. A device with an internet connection can be used to store and retrieve computer files using cloud storage. Cloud storage has become more and more popular among people who need more storage space and among companies looking for a reliable off-site data backup solution. Cloud security has emerged as a key concern to safeguard data integrity, thwart hacking attempts, and avoid file or identity theft because of cloud storage's growing acceptance and use.

A device with an internet connection can be used to store and retrieve computer files using cloud storage.

Increasing government regulations

Growing security concerns among consumers and businesses regarding cloud computing is a common issue due to the increasing number of cloud-related data breaches and security incidents. In cloud computing, sensitive data is stored and processed on remote servers, which can raise concerns about data privacy and security. To address these concerns, cloud service providers have implemented various security measures, such as encryption, multi-factor authentication, and regular security audits. However, consumers and businesses also have a role to play in ensuring the security of their data in the cloud. This includes regularly updating their passwords, using strong authentication methods, and conducting risk assessments to identify potential vulnerabilities. In conclusion, while cloud storage has many benefits, it is important to be aware of the potential security risks and take steps to minimize them.

The Indian government has taken several initiatives to support the growth of cloud storage market in the country. Some of these include:

In India, the regulation of cloud storage falls under the purview of the Ministry of Electronics and Information Technology (MeitY) and the Personal Data Protection Bill, 2019. MeitY has issued guidelines for the secure use of cloud services by government agencies, which include provisions for data privacy, security, and sovereignty. The Personal Data Protection Bill aims to regulate the collection, storage, and processing of personal data by companies operating in India. Additionally, various industry-specific regulations such as the RBI guidelines for cloud storage by banks and the Health Information Management System of India (HIMS) for health data also apply to cloud storage in India.


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Market Segmentation

India Cloud Storage market is segmented into type, deployment mode, organization size, end user, region and competitive landscape. Based on the market is further segmented into solution and service. The deployment mode category is further segmented into Private, Public and Hybrid. Based on organization size the market is further segmented into Large Enterprises and SMEs. Based on end user the market can be segmented into BFSI, IT & Telecom, Retail, Healthcare, and Others.

Market Players

Major market players in the India Cloud Storage market are Amazon Internet Services Private Limited (AISPL), Microsoft Corporation India Pvt. Ltd., IBM India Private Limited, Google India Pvt Ltd, Hewlett Packard Enterprise India Pvt Ltd, Dropbox Inc., VMware Software India Private Limited, Cisco Systems (India) Private Limited, Oracle India Private Limited, CTRLS Datacenters Ltd, among others.

India cloud storage market focuses on the use of cloud computing services offered by companies that have data centers located in India. These services allow individuals and businesses to store, manage, and access their data and applications over the internet, rather than on their own physical servers. Indian cloud storage companies offer various features such as data backup and recovery, storage scalability, and security. The use of cloud storage provides benefits such as lower costs, increased reliability and security, and easy accessibility from anywhere with an internet connection.

 

Key developments

  • In 2022, CTRLS Datacenters Ltd planned to set up third and its largest hyperscale data center in Hyderabad. The proposed rated-4 (tier-4) data center will be equipped with 1,600 racks and powered by 18MW of electricity.


Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

By Type

By Deployment Mode

By Organization Size

By End User

By Region

Regional scope

East India, West India, North India, South India

Key companies profiled

Amazon Internet Services Private Limited (AISPL), Microsoft Corporation India Pvt. Ltd., IBM India Private Limited, Google India Pvt Ltd, Hewlett Packard Enterprise India Pvt Ltd, Dropbox Inc., VMware Software India Private Limited, Cisco Systems (India) Private Limited, Oracle India Private Limited, CTRLS Datacenters Ltd

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, India Cloud Storage Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

            ·         India Cloud Storage Market, By Type:

o   Solution

o   Service

            ·         India Cloud Storage Market, By Deployment Mode:

o   Private Cloud

o   Public Cloud

o   Hybrid Cloud

            ·         India Cloud Storage Market, By Organization Size:

o   Large Enterprises

o   SMEs

            ·         India Cloud Storage Market, By End User:

o   BFSI

o   IT & Telecom

o   Retail

o   Healthcare

o   Others

            ·         India Cloud Storage Market, By Region:

o   East India

o   West India

o   North India

o   South India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Cloud Storage Market

Available Customizations:

TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

India Cloud Storage Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Impact of COVID-19 on India Cloud Storage Market

5.    Voice of Customers

5.1.         Brand Awareness

5.2.         Factors Considered while Selecting Vendor

5.3.         Key Satisfaction Level

5.4.         Major Challenges Faced

6.    India Cloud Storage Market Outlook

6.1.         Market Size & Forecast

6.1.1.    By Value

6.2.         Market Share & Forecast

6.2.1.    By Type (Solution and Service)

6.2.2.    By Deployment Mode (Private, Public and Hybrid)

6.2.3.    By Organization Size (Large Enterprises and SMEs)

6.2.4.    By End User (BFSI, IT & Telecom, Retail, Healthcare, Others)

6.2.5.    By Region (North India, South India, West India, and East India)

6.2.6.    By Company (2022)

6.3.  Market Map

6.3.1.    By Type

6.3.2.    By Deployment Mode

6.3.3.    By Organization Size

6.3.4.    By End-User

6.3.5.    By Region

7.    North India Cloud Storage Market Outlook

7.1.         Market Size & Forecast

7.1.1.    By Value

7.2.         Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Deployment Mode

7.2.3.    By Organization Size

7.2.4.    By End-User

8.    South India Cloud Storage Market Outlook

8.1.         Market Size & Forecast

8.1.1.    By Value

8.2.         Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Deployment Mode

8.2.3.    By Organization Size

8.2.4.    By End-User

9.    West India Cloud Storage Market Outlook

9.1.         Market Size & Forecast

9.1.1.    By Value

9.2.         Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Deployment Mode

9.2.3.    By Organization Size

9.2.4.    By End-User

10. East India Cloud Storage Market Outlook

10.1.      Market Size & Forecast

10.1.1. By Value

10.2.      Market Share & Forecast

10.2.1. By Type

10.2.2. By Deployment Mode

10.2.3. By Organization Size

10.2.4. By End-User

11. Market Dynamics

11.1.     Drivers

11.1.1. Growing data volumes across enterprises

11.1.2. Increased need to provide remote workforce with predominant access to files and data

11.1.3. Increasing adoption of cloud & IoT

11.2.     Challenges

11.2.1. Data privacy and security concerns

11.2.2. Network outage issues

12. Market Trends & Developments

12.1.     Growing demand for cost-effective data storage solutions for cloud across SMEs

12.2.     Rapid digitalization to drive the demand for cloud adoption industry

12.3.     Rise in innovations and developments from market players

12.4.     High data security feature to augment storage models growth

12.5.     Increase in government investments in digitalization

13. India Economic Profile

14. PESTEL Analysis

15. Regulatory and Standardizations Related to Cloud Storage Market​

15.1.     Data Protection Bill, 2019

15.2.     The IT Act and the Information Technology Rules, 2011

16. Company Profiles

16.1.     Amazon Internet Services Private Limited (AISPL)

16.1.1. Business Overview

16.1.2. Key Revenue and Financials (If available)

16.1.3. Recent Developments

16.1.4. Key Personnel

16.1.5. Key Services

16.2.     Microsoft Corporation India Pvt. Ltd.           

16.2.1. Business Overview

16.2.2. Key Revenue and Financials (If available)

16.2.3. Recent Developments

16.2.4. Key Personnel

16.2.5. Key Services

16.3.     IBM India Private Limited

16.3.1. Business Overview

16.3.2. Key Revenue and Financials (If available)

16.3.3. Recent Developments

16.3.4. Key Personnel

16.3.5. Key Services

16.4.     Google India Pvt Ltd

16.4.1. Business Overview

16.4.2. Key Revenue and Financials (If available)

16.4.3. Recent Developments

16.4.4. Key Personnel

16.4.5. Key Services

16.5.     Hewlett Packard Enterprise India Pvt Ltd

16.5.1. Business Overview

16.5.2. Key Revenue and Financials (If available)

16.5.3. Recent Developments

16.5.4. Key Personnel

16.5.5. Key Services

16.6.     Dropbox Inc.

16.6.1. Business Overview

16.6.2. Key Revenue and Financials (If available)

16.6.3. Recent Developments

16.6.4. Key Personnel

16.6.5. Key Services

16.7.     VMware Software India Private Limited

16.7.1. Business Overview

16.7.2. Key Revenue and Financials (If available)

16.7.3. Recent Developments

16.7.4. Key Personnel

16.7.5. Key Services

16.8.     Cisco Systems (India) Private Limited

16.8.1. Business Overview

16.8.2. Key Revenue and Financials (If available)

16.8.3. Recent Developments

16.8.4. Key Personnel

16.8.5. Key Services

16.9.     Oracle India Private Limited

16.9.1. Business Overview

16.9.2. Key Revenue and Financials (If available)

16.9.3. Recent Developments

16.9.4. Key Personnel

16.9.5. Key Services

16.10.  CTRLS Datacenters Ltd.

16.10.1. Business Overview

16.10.2. Key Revenue and Financials (If available)

16.10.3. Recent Developments

16.10.4. Key Personnel

16.10.5. Key Services

17. Strategic Recommendations

17.1.     Dominating Market by Type

17.2.     Dominating Market by Region

17.3.     Growing Technologies

18. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The growing demand for low-cost data backup, storage, and protection across all enterprises, combined with the need to handle data generated by increased use of mobile technologies, favors cloud storage adoption.

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The fastest growing region in the India Cloud Storage Market is the Southern region. The region’s cloud storage market is expanding due to the presence of several companies and research institutions there.

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Data security and privacy, and high dependence on network are a major challenge that are restraining the growth of India Cloud Storage market.

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Main market players are Amazon Internet Services Private Limited (AISPL), Microsoft Corporation India Pvt. Ltd., IBM India Private Limited, Google India Pvt Ltd, Hewlett Packard Enterprise India Pvt Ltd, Dropbox Inc., VMware Software India Private Limited, Cisco Systems (India) Private Limited, Oracle India Private Limited, CTRLS Datacenters Ltd, among others.

profile

Sakshi Bajaal

Business Consultant
Press Release

India Cloud Storage Market is expected to Register a High CAGR in the Forecast Period

May, 2023

Rapid digitalization drives the demand for cloud adoption and hence the India Cloud Storage Market in the forecast period of 2018-2028.