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In 2024, the revenue of the public cloud services sector reached billion U.S. dollars, close to **** times higher than in 2019. A public cloud uses cloud computing to make resources available for users. The services include virtual machines, applications, or storage. The services could be free or subscribed. Corporate clouds offer more security due to limited users. The advantage of the public cloud is the availability of service virtually through connected devices via the internet. Data on cloud services can be recovered easily in case of a loss of device or data and is usually regarded as safe from cyberattacks and hazards. The segments of public cloud services include infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software-as-a-service (SaaS). The COVID-19 pandemic has accelerated the process of adopting cloud services due to the demand for telecommuting and business continuity.

Cloud service market

Across Asia Pacific, China was dominating the cloud services spending. However, it was estimated that the compound annual growth rate in India would reach ***percent between 2023 and 2028. It could make India one of the biggest cloud service markets in Asia Pacific, along with China and Japan. Among all the segments, Platform-as-a-Service (PaaS) was estimated to have the highest growth rate between 2022 and 2026 in the Asia Pacific region.

Internet in India

India was the second-largest online market, second only to China in 2024. With mobile phone internet penetration estimated to reach over ***percent of the population by 2040, access to cloud computing and services is likely to become easier and more comfortable. The approach ‘cloud first’ to ‘cloud only’ will push organizations to increase investments in the segment to protect their digital businesses, as digitalization of platforms also increases the exposure to cyber-attacks and risks.