Business Standard

India public cloud service market to be worth $13 bn by 2026: Report

BFSI and manufacturing among leaders in public cloud adoption, as demand grows from other sectors

Cloud, Cloud Services, Cloud Computing
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Public cloud service (PCS) makes computing and storage applications available on demand to organisations and individuals over the public internet.

Nikesh Singh New Delhi
The Indian public cloud service market will be worth $13 billion by 2026, growing at a CAGR of 23.1 per cent for 2021-26, according to an international research firm.

Public cloud service (PCS) makes computing and storage applications available on demand to organisations and individuals over the public internet. A private cloud model’s resources are available only to a single organisation.

International Data Corporation (IDC) said in a report on Monday the revenue of Indian PCS market, including infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) solutions, and software-as-a-service (SaaS), totalled $2.8 billion for the first half of 2022.

SaaS was the largest component

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