SaaS drives India public cloud services revenue to $6.2B in 2022: IDC
Here is your daily dose of key developments from the technology world of India.
Public cloud services market revenue touch $6.2 billion
The revenue generated in the India public cloud services (PCS) market, including infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS) solutions, and software-as-a-service (SaaS), totalled $6.2 billion for 2022, according to the International Data Corporation (IDC) Worldwide Semi-annual Public Cloud Services Tracker, 2H 2022 (July-December).
The overall Indian PCS market is expected to reach $17.8 billion by 2027, growing at a CAGR of 23.4% for 2022-27.
Despite global macroeconomic headwinds intensifying in the second half of 2022, the Indian PCS market witnessed robust growth, driven by the accelerating digital transformation among Indian enterprises, and cloud service providers continuing to witness increased demand from SMBs and startups, as per the report.
SaaS continued to be the largest component of the overall public cloud services market, followed by IaaS and PaaS in 2022, with the top two cloud service providers holding more than 40% of the Indian PCS market.
"Post the COVID-19 period, the pace of digital transformation has been steady in India as organisations are driving innovation, introducing digital products and services, and automating processes," said Rajiv Ranjan, Associate Research Director, Cloud and Artificial Intelligence, IDC India.
"Improving the customer experience has been the top priority for enterprises in India. Migrating from legacy infrastructure to cloud has been the most preferred way to modernise IT infrastructure which is driving public cloud services growth,” he added.
Accenture India introduces EVs to its transportation fleet
Accenture in India has introduced electric vehicles in its transportation fleet to enable climate-smart travel options for its people across four locations—Bengaluru, Mumbai, Hyderabad, and Delhi-NCR. Over 200 electric vehicles are being added to the Accenture fleet in India, helping the company further reduce its carbon footprint.
The initiative is aligned with Accenture’s global commitment to drive tangible environmental change and run sustainable operations, including achieving net-zero emissions by the end of 2025, moving to zero waste, and planning for water risk.
As of 2022, Accenture had already achieved a renewable electricity mix of over 99% in its offices and reused or recycled 100% of its e-waste relating to computers and workstations in India. According to the company, it also helps its clients across the world embrace sustainability as a competitive advantage and undertakes applied research in emerging technologies to solve sustainability challenges.
Tata Elxsi partners with Cultos Global for mobility solution
Tata Elxsi, a design and technology company, has partnered with Cultos Global to integrate a blockchain mechanism from Cultos Global with its TETHER Connected Vehicle Platform to create a Driver Reward Program.
The proposition entails tracking driver behaviour using rich analytics from the cloud-first TETHER-connected vehicle platform, augmented with ADAS and driver monitoring features. It aims to enable an entirely new way of positively impacting driver behaviour, incentivised through a high-trust and high-privacy blockchain model.
This integrated solution will provide mobility players with a dynamic rewards platform that enables consistent engagement and positive behaviour modification through gamification. The driving scorecard, which gets translated to tokens, is a single digital identifier for a user and can be used across the ecosystem. It will give access to first-party data for mobility providers with enhanced privacy for end consumers. It has a wide range of applications ranging from use for insurance, to incentives for safety and reliability, etc.
Mphasis launches AI business unit
Mphasis, the mid-tier IT services company has launched ‘Mphasis.ai’, a business unit, focused on transforming organisations globally through artificial intelligence (AI). The business unit integrates AI capabilities into existing technology landscapes, enabling organisations to improve customer intimacy and experience and enhance operational efficiency while minimising disruption.
has partnered with several Hyperscalers such as AWS, Google Cloud Platform (GCP) Microsoft Azure while collaborating with specialised market-leading AI platforms and solutions companies.
Mphasis, through this business unit, offers services including generative AI advisory, AI app development, reinforcement learning based conversation design, industry-specific model development and Large Language Models (LLMs) fine-tuning, prompt engineering, LLM application testing, factuality evaluation, and data prepping.
CrowdStrike partners with AWS for generative AI solutions
, a cybersecurity company, has announced that it is working with Amazon Web Services (AWS) to develop new generative AI applications that help customers accelerate their cloud, security and artificial intelligence (AI) journeys. These include both cybersecurity-related generative AI applications, as well as cloud-plus-cloud security solutions designed to help customers build and secure their own generative AI applications.
CrowdStrike is leveraging new generative AI capabilities of Amazon Bedrock, a fully-managed service that makes foundation models (FMs) from leading AI startups and Amazon available via an API, to help customers adopt advanced Falcon Platform search, reporting, and automation. Through this new cybersecurity initiative, CrowdStrike and AWS are also bringing together their solutions and teams to help keep customers safe across a range of AI and ML services.
Edited by Kanishk Singh
MOST VIEWED STORIES
