Cloud computing is growing to be an essential part of the infrastructure of the IT industry in India and the world. As more and more businesses are becoming digitally enabled, India’s need for cloud computing is also rising. The COVID19 pandemic has led to an acceleration in the digital transformation journeys of various organisations.
The global multi-cloud management market size is estimated to reach USD 32.75 billion by 2028, registering a CAGR of 26.3 per cent from 2021 to 2028, according to a new study by Grand View Research, Inc.
According to IDC India’s Public Cloud Services Market is to grow at a CAGR of 24.1 per cent for 2020-25.
In order to understand the scale at which multi-cloud solutions are being adopted by organisations in India, W.Media spoke to Farooq Adam, the Co-Founder, Fynd.
Fynd is one of India’s largest omnichannel platforms helping retail businesses accelerate growth.
“The diverse services that companies offer require even more diverse computing for their execution, the industry is now advancing to multi-cloud computing for the ease, speed and accessibility of such solutions,” said Farooq Adam, the Co-Founder, Fynd (a Reliance backed company).
He further explained that multi-cloud computing provides room for innovation, flexibility to build upon existing projects, versatile resources and greater economies of scale. It is the reason why around a third of India’s enterprises are already using this method with many more looking to explore this avenue.
“Whether it is Microsoft Azure, AWS, GCP or any other cloud computing platform, no single platform can perform equally well for different applications and workloads all the time,” added Adam.
Indian companies have also caught on to the fact that business requirements can be fulfilled by utilising the best from a combination of cloud services, leading to a very efficient multi-cloud infrastructure. The task at hand then is to categorise your workflows in a way that defines what data and information would go on a particular cloud platform.
“Companies in India are looking towards increased data quality, low turn-around time, better scalability and higher ROIs when they seek multi-cloud platforms. One needs to build strategies for selecting different providers of cloud services as per their business requirements and sketch out a detailed plan for the migration process, “said Adam.
He further explained that although companies may seem to be rapidly joining the bandwagon, adoption of multi-cloud is a task that takes careful consideration, management, and execution as the transfer of systems and applications onto various clouds are fairly complex. That is why there is also a developing domestic market for managed cloud service providers whose job is to advise companies on their cloud infrastructure and how to optimise their IT departments.
“Multi-cloud computing opens many different paths of growth for Indian companies as we usher in the age of wider and quicker connectivity. With cloud infrastructures already providing a reliable foundation for innovation and adoption of new technologies, it is likely that many SaaS and tech product companies may also develop tools specifically to manage their multi-cloud systems and functioning in the near future,” Adam concluded.
Any technology is only as good as how the users leverage it. It is important that technology professionals and business leaders pan India adopt and manage multi-cloud in ways that profit them the most while mitigating their risks.