India public cloud market to reach Rs 63,000 crore by FY25: Nasscom

India’s public cloud market stood at Rs 17,000 crore in FY2020 and is expected to grow at about 30 per cent CAGR to reach Rs 63,000 crore by FY2025, a report by industry body Nasscom said.

Also, small and medium businesses (SMBs) can account for 28-30 per cent of the cloud market by 2025, it said.

The report titled ‘SMB Cloud Adoption in India: Towards a Cloud First nation’ showcased how SMBs are at the cusp of digital transformation with cloud adoption as the catalyst.

In a survey of 1,000 SMBs in India, 60 per cent said they are already using cloud, though almost half are at early stages of adoption. Best-in-class SMBs that adopted cloud have been able to drive 25-30 per cent productivity improvement and 15-20 per cent reduction in operational costs.