The Future is Now:
Cloud computing has already made significant headway in India and is expected to continue growing in the future. Many businesses in India are already adopting cloud computing technologies to improve efficiency, reduce costs, and access a wider range of applications and services.
In the IT sector, cloud computing is an irreversible trend that is ushering in a new era of technology in India.
The major factor determining how effective cloud computing will be in the future is the cloud's tremendous agility and accessibility. The cloud will influence how we live in the future thanks to its server less design, digital infrastructure, artificial intelligence, and big data management.
Why use the cloud?
Cloud computing is the way of the future because it enhances speed, fosters innovation, lowers costs, makes people more employable, and gives them the tools to become our country's digital talent.
Investments in the cloud have changed, and they have become more mature.According to the NASSCOM Insight research, which claims that cloud investments are increasing rapidly both globally and in India, the following facts are provided:
1. Spending on public clouds worldwide, estimated to be worth $332 billion as of 2021, is expected to increase by 20% YoY until 2022.
2. SaaS continues to dominate the global industry with a 39% share, but PaaS and IaaS are anticipated to rise rapidly.
3. Investments in cloud-enabled infrastructure upgrades such as storage networks, security, and backup services are anticipated to increase by 31% YoY through 2022.
4. In the next three years, use of hybrid clouds in Indian businesses is anticipated to increase by 49%.
Future-proofing India's tech talent:
The future of cloud computing in India looks bright, with analysts predicting that the market will continue to grow at a compound annual growth rate of over 20% in the coming years. As more businesses adopt cloud computing technologies, it is expected to drive further innovation and economic growth in the country. The future of cloud computing in India looks bright, with analysts predicting that the market will continue to grow at a compound annual growth rate of over 20% in the coming years. As more businesses adopt cloud computing technologies, it is expected to drive further innovation and economic growth in the country.
The number of job openings has increased and is anticipated to grow significantly as a result of the growing interest in and demand for cloud employment roles, which also heightens the need for cloud computing expertise. India's large and diverse pool of technology services talent, which stood at over 4.5 million as of FY2021, which consists of the traditional IT job roles of 2.4 to 2.6 million and the Future Skills talent of 1.9 to 2 million, is what distinguishes India from the other leading countries from a global perspective. As a result, the analysis predicts that by 2025, there will be a 3X increase in unmet demand for cloud experts, compared to the installed talent pool of 1.4 to 1.5 million.
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