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India Cloud computing to reach 11% of APAC revenue by 2024


By
siliconindia  |  Tuesday, 09 March 2021, 12:40 Hrs
Riding on government support, a thriving ecosystem of technology vendors and growing interest among the digital enterprise, Cloud computing in India will account for over 11 per cent of total cloud revenue in the Asia-Pacific region by 2024, a new report said on Tuesday.
According to latest analysis by 451 Research, the cloud computing-as-a-service (CCaaS) market in India will maintain solid growth with a compound annual growth rate (CAGR) of 15 per cent from 2019 to 2024.
The market for CCaaS in India stood at $873 million in revenue in 2019, growing at a projected rate of 23 per cent (YoY) in 2020, which is expected to slow to 11.3 per cent in 2024.

India , Cloud-computing , In-india , Will-accoun , T-for-over-11-per-cent , Total-cloud-revenue , In-the-asia-pacific-region , By-2024 , A-new-report , Said , On-tuesday