India's SMBs set sights on bundled cloud services
By Asia Cloud Forum editors 28-May-2013
Growth in India's SMB cloud market is expected to be fuelled by new adopters of cloud servers and current users adding more applications and functionality to their existing cloud services.
According to estimations from Parallels, the Indian SMB cloud services opportunity in 2013 could be worth up to US$339 million, with this figure set to grow 35% year-over-year for the next 3 years t US$839 million by the start of 2016.
Parallels conducted research into how service providers can profit by delivering cloud services for SMBs.
According to the research, the IaaS opportunity for India's SMBs is expected to experience a CAGR of 30% through to 2016 to be worth US$344 million as more SMBs gain Internet connectivity.
Growth in web presence and web applications is expected to remain high over the next several years, growing by a least 36% year-over-year to reach US$137 million in 2016. A large portion of this growth is expected to come from Indian SMBs who currently lack a website.
Hosted communication and collaboration applications such as PBX systems face barriers from lack of awareness among India's SMB markets. However, 50% of SMBs without PBX systems are considering adding this service over the next three years.
Parallels' estimates the business applications market among Indian SMBs in 2016 worth US$137 million, with a 199% year-over-year growth rate. Parallels noted this growth rate falls much lower than that of other cloud categories in India, indicating Indian SMBs have yet to fully be convinced the value proposition of such applications.